Robeco Institutional Asset Management B.V. Purchases 9,923,744 Shares of Infosys Limited (NYSE:INFY)

Robeco Institutional Asset Management B.V. grew its holdings in shares of Infosys Limited (NYSE:INFY) by 68.8% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 24,339,983 shares of the technology company’s stock after buying an additional 9,923,744 shares during the quarter. Infosys accounts for about 1.1% of Robeco Institutional Asset Management B.V.’s investment portfolio, making the stock its 14th biggest position. Robeco Institutional Asset Management B.V. owned 0.59% of Infosys worth $542,051,000 at the end of the most recent quarter.

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

Analyst Upgrades and Downgrades

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

Infosys Trading Down 0.7 %

Shares of INFY stock opened at $20.76 on Monday. The company has a market capitalization of $85.98 billion, a P/E ratio of 26.62, a P/E/G ratio of 3.37 and a beta of 1.00. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.48. The business’s 50 day moving average is $22.61 and its two-hundred day moving average is $20.28.

Infosys (NYSE:INFY) last released its quarterly 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 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 quarter last year, the company earned $0.18 EPS. On average, research analysts predict that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were paid 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 payout ratio is 55.13%.

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.