Aberdeen Asset Management PLC UK decreased its stake in Infosys Ltd (NYSE:INFY) by 27.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,037,243 shares of the technology company’s stock after selling 774,829 shares during the period. Aberdeen Asset Management PLC UK owned about 0.09% of Infosys worth $32,189,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Harris Associates L P raised its position in Infosys by 105.6% in the first quarter. Harris Associates L P now owns 26,313,050 shares of the technology company’s stock valued at $415,746,000 after buying an additional 13,512,800 shares during the period. Nordea Investment Management AB raised its position in Infosys by 43.9% in the first quarter. Nordea Investment Management AB now owns 32,853,555 shares of the technology company’s stock valued at $519,086,000 after buying an additional 10,022,963 shares during the period. Comgest Global Investors S.A.S. raised its position in Infosys by 11.4% in the fourth quarter. Comgest Global Investors S.A.S. now owns 35,854,909 shares of the technology company’s stock valued at $531,728,000 after buying an additional 3,677,960 shares during the period. Russell Investments Group Ltd. bought a new position in Infosys during the fourth quarter valued at $49,484,000. Finally, Alyeska Investment Group L.P. bought a new position in Infosys during the fourth quarter valued at $35,891,000. 17.71% of the stock is currently owned by hedge funds and other institutional investors.
Infosys Ltd (NYSE:INFY) traded up 1.20% during mid-day trading on Friday, reaching $15.16. The company had a trading volume of 3,107,671 shares. The company has a market capitalization of $34.65 billion, a price-to-earnings ratio of 16.20 and a beta of 0.90. The stock has a 50-day moving average of $14.90 and a 200 day moving average of $14.81. Infosys Ltd has a 12-month low of $13.42 and a 12-month high of $19.76.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 13th. The technology company reported $0.24 earnings per share for the quarter, meeting the consensus estimate of $0.24. Infosys had a return on equity of 22.56% and a net margin of 21.12%. The business had revenue of $171.20 billion during the quarter, compared to analyst estimates of $172.14 billion. During the same period in the prior year, the company earned $0.23 earnings per share. Infosys’s revenue was up 3.8% compared to the same quarter last year. On average, analysts expect that Infosys Ltd will post $0.97 EPS for the current year.
The company also recently disclosed a dividend, which will be paid on Friday, June 2nd. Shareholders of record on Friday, June 2nd will be issued a dividend of $0.21 per share. This is a positive change from Infosys’s previous dividend of $0.17. The ex-dividend date of this dividend is Wednesday, May 31st. Infosys’s dividend payout ratio is 36.56%.
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INFY has been the topic of several recent analyst reports. Zacks Investment Research raised Infosys from a “hold” rating to a “buy” rating and set a $18.00 price target on the stock in a research report on Monday, March 20th. BMO Capital Markets reaffirmed a “hold” rating and set a $15.00 price target on shares of Infosys in a research report on Thursday, March 23rd. William Blair lowered Infosys from a “market perform” rating to an “underperform” rating in a research report on Thursday, April 13th. Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Infosys in a research report on Tuesday, April 18th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $15.50 price target on shares of Infosys in a research report on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, twelve have issued a hold rating and one has given a buy rating to the company. Infosys currently has an average rating of “Hold” and an average price target of $16.47.
Infosys 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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