Outlook Wealth Advisors LLC Purchases 526 Shares of Infosys Limited (NYSE:INFY)

Outlook Wealth Advisors LLC lifted its position in shares of Infosys Limited (NYSE:INFY) by 3.0% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,897 shares of the technology company’s stock after acquiring an additional 526 shares during the period. Outlook Wealth Advisors LLC’s holdings in Infosys were worth $399,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in INFY. Artemis Investment Management LLP increased its position in Infosys by 20.8% during the 1st quarter. Artemis Investment Management LLP now owns 84,193 shares of the technology company’s stock worth $1,510,000 after purchasing an additional 14,500 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of Infosys by 12.7% during the first quarter. Kathmere Capital Management LLC now owns 34,531 shares of the technology company’s stock valued at $619,000 after purchasing an additional 3,898 shares in the last quarter. Allspring Global Investments Holdings LLC grew its holdings in shares of Infosys by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,857,531 shares of the technology company’s stock worth $33,306,000 after purchasing an additional 112,790 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its holdings in shares of Infosys by 8.6% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 342,755 shares of the technology company’s stock worth $6,146,000 after purchasing an additional 27,056 shares during the last quarter. Finally, Naviter Wealth LLC grew its holdings in shares of Infosys by 13.5% during the first quarter. Naviter Wealth LLC now owns 75,779 shares of the technology company’s stock worth $1,359,000 after purchasing an additional 9,027 shares during the last quarter. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Monday, October 21st. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Investec cut Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Finally, BMO Capital Markets boosted their price target on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $20.85.

Infosys Trading Down 0.7 %

INFY stock opened at $21.89 on Friday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48. The stock has a 50-day moving average price of $22.72 and a 200-day moving average price of $20.09. The firm has a market cap of $90.66 billion, a PE ratio of 28.06, a price-to-earnings-growth ratio of 3.57 and a beta of 0.99.

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

Infosys Increases Dividend

The business also recently announced a semi-annual dividend, which will be paid on Tuesday, October 29th. Investors of record on Friday, January 1st will be paid a dividend of $0.2126 per share. The ex-dividend date is 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 is currently 37.18%.

About Infosys

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.