Rosenberg Matthew Hamilton Sells 839 Shares of Infosys Limited (NYSE:INFY)

Rosenberg Matthew Hamilton lessened its stake in shares of Infosys Limited (NYSE:INFY) by 8.9% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 8,586 shares of the technology company’s stock after selling 839 shares during the period. Rosenberg Matthew Hamilton’s holdings in Infosys were worth $188,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently made changes to their positions in INFY. Mizuho Securities Co. Ltd. purchased a new position in Infosys during the 3rd quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys in the third quarter valued at $57,000. Whittier Trust Co. of Nevada Inc. increased its position in Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after purchasing an additional 766 shares during the last quarter. GAMMA Investing LLC raised its stake in Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Advisor Resource Council bought a new position in Infosys during the third quarter valued at $202,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Up 0.1 %

INFY opened at $22.72 on Tuesday. The business has a fifty day moving average of $22.48 and a 200 day moving average of $22.12. The stock has a market cap of $94.10 billion, a P/E ratio of 29.13, a PEG ratio of 3.77 and a beta of 1.00. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates 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 previous year, the firm earned $0.18 earnings per share. Equities analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

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

Analyst Ratings Changes

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

Infosys 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.