Infosys Limited (NYSE:INFY) Stock Position Raised by Outlook Wealth Advisors LLC

Outlook Wealth Advisors LLC lifted its holdings in Infosys Limited (NYSE:INFY) by 2.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 18,405 shares of the technology company’s stock after purchasing an additional 508 shares during the period. Outlook Wealth Advisors LLC’s holdings in Infosys were worth $403,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Park Avenue Securities LLC acquired a new stake in shares of Infosys in the fourth quarter valued at about $237,000. Kathmere Capital Management LLC lifted its stake in shares of Infosys by 6.9% in the fourth quarter. Kathmere Capital Management LLC now owns 51,652 shares of the technology company’s stock valued at $1,132,000 after buying an additional 3,324 shares during the period. Claro Advisors LLC acquired a new stake in Infosys during the fourth quarter worth about $243,000. Aprio Wealth Management LLC bought a new position in Infosys during the fourth quarter valued at about $232,000. Finally, Range Financial Group LLC raised its holdings in Infosys by 212.4% in the 4th quarter. Range Financial Group LLC now owns 30,136 shares of the technology company’s stock valued at $661,000 after acquiring an additional 20,490 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Ratings Changes

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

Infosys Stock Up 1.8 %

INFY opened at $22.92 on Thursday. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market cap of $94.93 billion, a P/E ratio of 29.38, a P/E/G ratio of 3.71 and a beta of 1.00. The company has a fifty day simple moving average of $22.51 and a 200 day simple moving average of $22.15.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. On average, equities research analysts expect that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Infosys Increases Dividend

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

About Infosys

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.