Infosys Limited (NYSE:INFY) Shares Acquired by DGS Capital Management LLC

DGS Capital Management LLC boosted its position in Infosys Limited (NYSE:INFY) by 15.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 63,209 shares of the technology company’s stock after purchasing an additional 8,692 shares during the period. DGS Capital Management LLC’s holdings in Infosys were worth $1,408,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Robeco Institutional Asset Management B.V. grew its position in Infosys by 68.8% in 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 during the last quarter. Canada Pension Plan Investment Board boosted its stake in shares of Infosys by 37.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock worth $401,826,000 after acquiring an additional 5,862,144 shares in the last quarter. Victory Capital Management Inc. grew its holdings 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 worth $105,556,000 after acquiring an additional 4,663,023 shares during the last quarter. Millennium Management LLC raised its position in shares of Infosys by 67.9% during the second quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock worth $141,532,000 after purchasing an additional 3,074,432 shares during the period. Finally, Daiwa Securities Group Inc. lifted its holdings in shares of Infosys by 46.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,234,500 shares of the technology company’s stock valued at $97,467,000 after purchasing an additional 1,648,650 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Infosys Trading Up 1.1 %

NYSE:INFY traded up $0.26 during mid-day trading on Friday, hitting $23.51. The company’s stock had a trading volume of 710,673 shares, compared to its average volume of 9,029,537. The company has a market capitalization of $97.38 billion, a price-to-earnings ratio of 29.81, a P/E/G ratio of 3.77 and a beta of 1.00. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.60. The stock has a fifty day moving average of $22.29 and a 200-day moving average of $21.29.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period in the prior year, the firm earned $0.18 earnings per share. On average, equities analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were paid a $0.2126 dividend. The ex-dividend date of this dividend was Tuesday, October 29th. This is an increase from Infosys’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.1%. Infosys’s payout ratio is currently 53.85%.

Analyst Ratings Changes

Several analysts have issued reports on INFY shares. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Thursday. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.85.

Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.