Acadian Asset Management LLC increased its stake in shares of Infosys Ltd (NYSE:INFY) by 203.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 11,499,954 shares of the technology company’s stock after acquiring an additional 7,715,822 shares during the period. Acadian Asset Management LLC owned about 0.26% of Infosys worth $116,952,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the stock. Genesis Asset Managers LLP boosted its position in Infosys by 19.3% during the third quarter. Genesis Asset Managers LLP now owns 11,462,657 shares of the technology company’s stock worth $116,575,000 after purchasing an additional 1,857,986 shares in the last quarter. Aperio Group LLC boosted its position in Infosys by 54.0% during the second quarter. Aperio Group LLC now owns 2,139,510 shares of the technology company’s stock worth $41,571,000 after purchasing an additional 749,865 shares in the last quarter. LGT Capital Partners LTD. boosted its position in Infosys by 7.8% during the second quarter. LGT Capital Partners LTD. now owns 716,200 shares of the technology company’s stock worth $13,916,000 after purchasing an additional 51,800 shares in the last quarter. CSat Investment Advisory L.P. purchased a new position in Infosys during the second quarter worth approximately $1,738,000. Finally, Parsec Financial Management Inc. boosted its position in Infosys by 107.7% during the third quarter. Parsec Financial Management Inc. now owns 1,879,547 shares of the technology company’s stock worth $19,115,000 after purchasing an additional 974,400 shares in the last quarter. 8.99% of the stock is currently owned by hedge funds and other institutional investors.
A number of equities analysts have issued reports on INFY shares. Deutsche Bank started coverage on Infosys in a research report on Thursday, July 12th. They set a “buy” rating on the stock. Cowen increased their price target on Infosys from $16.00 to $17.00 and gave the stock a “market perform” rating in a research report on Monday, July 16th. Cantor Fitzgerald increased their price target on Infosys from $16.00 to $19.00 and gave the stock a “neutral” rating in a research report on Monday, July 16th. Morgan Stanley downgraded Infosys from an “overweight” rating to a “hold” rating in a research report on Monday, August 20th. Finally, ValuEngine downgraded Infosys from a “hold” rating to a “sell” rating in a research report on Wednesday, September 12th. Five research analysts have rated the stock with a sell rating, nine have assigned a hold rating and three have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.26.
Infosys (NYSE:INFY) last released its earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, meeting the consensus estimate of $0.13. The business had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. Infosys had a return on equity of 24.56% and a net margin of 21.94%. During the same quarter last year, the business posted $0.13 earnings per share. As a group, sell-side analysts expect that Infosys Ltd will post 0.52 EPS for the current year.
The company also recently announced a dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 26th were given a $0.085 dividend. The ex-dividend date of this dividend was Thursday, October 25th. Infosys’s dividend payout ratio (DPR) is presently 34.00%.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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