Aperio Group LLC reduced its position in shares of Infosys Limited (NYSE:INFY) by 9.9% during the second quarter, Holdings Channel reports. The institutional investor owned 852,340 shares of the technology company’s stock after selling 93,489 shares during the period. Aperio Group LLC’s holdings in Infosys Limited were worth $12,802,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in INFY. Nordea Investment Management AB increased its position in shares of Infosys Limited by 43.9% in the first quarter. Nordea Investment Management AB now owns 32,853,555 shares of the technology company’s stock worth $519,086,000 after buying an additional 10,022,963 shares in the last quarter. Harris Associates L P increased its position in shares of Infosys Limited by 105.6% in the first quarter. Harris Associates L P now owns 26,313,050 shares of the technology company’s stock worth $415,746,000 after buying an additional 13,512,800 shares in the last quarter. Genesis Asset Managers LLP increased its position in shares of Infosys Limited by 15.6% in the second quarter. Genesis Asset Managers LLP now owns 15,885,726 shares of the technology company’s stock worth $238,604,000 after buying an additional 2,145,698 shares in the last quarter. AQR Capital Management LLC increased its position in shares of Infosys Limited by 1.7% in the first quarter. AQR Capital Management LLC now owns 14,228,590 shares of the technology company’s stock valued at $224,812,000 after buying an additional 231,710 shares during the period. Finally, UBS Asset Management Americas Inc. increased its position in shares of Infosys Limited by 1.6% in the fourth quarter. UBS Asset Management Americas Inc. now owns 13,557,757 shares of the technology company’s stock valued at $201,062,000 after buying an additional 209,067 shares during the period. Institutional investors and hedge funds own 20.63% of the company’s stock.
Shares of Infosys Limited (NYSE:INFY) traded up 1.03% during mid-day trading on Friday, reaching $15.68. The company’s stock had a trading volume of 4,861,448 shares. The company’s 50-day moving average is $15.16 and its 200-day moving average is $14.98. Infosys Limited has a 52 week low of $13.42 and a 52 week high of $16.89. The stock has a market capitalization of $35.84 billion, a price-to-earnings ratio of 16.52 and a beta of 0.77.
Infosys Limited (NYSE:INFY) last issued its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The company had revenue of $170.78 billion for the quarter, compared to analyst estimates of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.22 earnings per share. Equities analysts predict that Infosys Limited will post $0.98 EPS for the current year.
The firm also recently announced a None dividend, which was paid on Thursday, June 29th. Stockholders of record on Friday, June 2nd were paid a dividend of $0.208 per share. The ex-dividend date of this dividend was Wednesday, May 31st. Infosys Limited’s dividend payout ratio (DPR) is 36.46%.
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Several research analysts recently weighed in on the company. BidaskClub upgraded Infosys Limited from a “hold” rating to a “buy” rating in a research note on Wednesday, July 12th. Zacks Investment Research downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research note on Tuesday, April 11th. Cowen and Company set a $15.00 target price on Infosys Limited and gave the stock a “hold” rating in a research note on Thursday, April 13th. William Blair downgraded Infosys Limited from a “market perform” rating to an “underperform” rating in a research note on Thursday, April 13th. Finally, Stifel Nicolaus restated a “hold” rating and set a $15.50 target price on shares of Infosys Limited in a research note on Tuesday, April 18th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and three have given a buy rating to the stock. Infosys Limited has an average rating of “Hold” and an average target price of $16.08.
Infosys Limited Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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