Infosys Limited (NYSE:INFY) Stake Lifted by GAMMA Investing LLC

GAMMA Investing LLC raised its holdings in shares of Infosys Limited (NYSE:INFY) by 14.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 4,496 shares of the technology company’s stock after buying an additional 560 shares during the period. GAMMA Investing LLC’s holdings in Infosys were worth $99,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in INFY. Robeco Institutional Asset Management B.V. boosted its holdings in Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after buying an additional 9,923,744 shares in the last quarter. Canada Pension Plan Investment Board lifted its position in shares of Infosys by 37.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock valued at $401,826,000 after acquiring an additional 5,862,144 shares in the last quarter. Victory Capital Management Inc. lifted its position in shares of Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock valued at $105,556,000 after acquiring an additional 4,663,023 shares in the last quarter. Millennium Management LLC lifted its position in shares of Infosys by 67.9% in the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after acquiring an additional 3,074,432 shares in the last quarter. Finally, Public Employees Retirement System of Ohio purchased a new stake in shares of Infosys in the 3rd quarter valued at approximately $36,039,000. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Down 0.3 %

Infosys stock opened at $22.72 on Friday. The company has a market capitalization of $94.10 billion, a P/E ratio of 29.13, a P/E/G ratio of 3.77 and a beta of 1.00. The firm’s fifty day simple moving average is $22.44 and its 200-day simple moving average is $22.04. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter last year, the firm earned $0.18 EPS. On average, equities research analysts predict that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were paid a $0.2126 dividend. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. This represents a yield of 1.1%. Infosys’s dividend payout ratio (DPR) is presently 53.85%.

Analyst Upgrades and Downgrades

INFY has been the subject of several research analyst reports. BMO Capital Markets upped their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $20.85.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.