Chesapeake Capital Corp IL Has $493,000 Holdings in Infosys Limited (NYSE:INFY)

Chesapeake Capital Corp IL grew its stake in Infosys Limited (NYSE:INFY) by 27.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 22,000 shares of the technology company’s stock after buying an additional 4,800 shares during the period. Chesapeake Capital Corp IL’s holdings in Infosys were worth $493,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in INFY. Envestnet Portfolio Solutions Inc. acquired a new stake in shares of Infosys in the first quarter worth about $212,000. SG Americas Securities LLC acquired a new stake in shares of Infosys in the first quarter worth about $435,000. M&G Plc acquired a new stake in shares of Infosys in the first quarter worth about $947,000. Jupiter Asset Management Ltd. increased its stake in shares of Infosys by 6.8% in the first quarter. Jupiter Asset Management Ltd. now owns 166,525 shares of the technology company’s stock worth $2,986,000 after purchasing an additional 10,624 shares during the period. Finally, O Shaughnessy Asset Management LLC increased its stake in shares of Infosys by 10.0% in the first quarter. O Shaughnessy Asset Management LLC now owns 343,945 shares of the technology company’s stock worth $6,167,000 after purchasing an additional 31,286 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on INFY shares. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BMO Capital Markets lifted their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Finally, StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Tuesday, November 12th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Infosys presently has a consensus rating of “Hold” and an average price target of $20.85.

Infosys Stock Down 1.3 %

Shares of INFY opened at $21.53 on Friday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.48. The firm has a market capitalization of $89.17 billion, a price-to-earnings ratio of 27.60, a P/E/G ratio of 3.48 and a beta of 1.00. The stock’s 50-day moving average price is $22.33 and its 200 day moving average price is $20.58.

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. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the company posted $0.18 earnings per share. Equities research analysts expect that Infosys Limited will post 0.75 EPS for the current 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 of this dividend was Tuesday, October 29th. Infosys’s dividend payout ratio is currently 53.85%.

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.