Infosys Limited (NYSE:INFY) Shares Bought by BSW Wealth Partners

BSW Wealth Partners raised its stake in Infosys Limited (NYSE:INFY) by 12.9% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,199 shares of the technology company’s stock after buying an additional 2,313 shares during the period. BSW Wealth Partners’ holdings in Infosys were worth $450,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. Hilltop National Bank lifted its position in Infosys by 50.8% in the 2nd quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after buying an additional 1,004 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Infosys by 22.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after buying an additional 541 shares during the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in shares of Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after buying an additional 1,693 shares during the last quarter. Ridgewood Investments LLC bought a new stake in shares of Infosys in the 2nd quarter valued at approximately $162,000. Finally, Bank Pictet & Cie Europe AG acquired a new position in Infosys in the second quarter worth approximately $194,000. 10.89% of the stock is owned by institutional investors.

Infosys Trading Down 0.7 %

Shares of NYSE INFY opened at $20.76 on Monday. The firm has a market capitalization of $85.98 billion, a price-to-earnings ratio of 26.62, a PEG ratio of 3.37 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.48. The business has a fifty day simple moving average of $22.61 and a 200 day simple moving average of $20.28.

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

Infosys Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were paid a $0.2126 dividend. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.1%. The ex-dividend date was Tuesday, October 29th. Infosys’s dividend payout ratio is currently 55.13%.

Wall Street Analyst Weigh In

INFY has been the topic of several recent research reports. Investec lowered Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. BMO Capital Markets upped their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday. Finally, Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, Infosys presently has an average rating of “Hold” and an average target price of $20.85.

Infosys Company 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.