Infosys Limited (NYSE:INFY) Stock Holdings Increased by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA boosted its stake in shares of Infosys Limited (NYSE:INFY) by 7.0% during the third quarter, HoldingsChannel.com reports. The firm owned 1,647,992 shares of the technology company’s stock after acquiring an additional 107,947 shares during the period. Massachusetts Financial Services Co. MA’s holdings in Infosys were worth $36,701,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the 3rd quarter valued at $33,000. GAMMA Investing LLC boosted its position in Infosys by 22.6% during the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after purchasing an additional 541 shares during the last quarter. Hilltop National Bank grew its stake in shares of Infosys by 50.8% in the 2nd quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after buying an additional 1,004 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Infosys by 126.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Ridgewood Investments LLC bought a new stake in Infosys in the second quarter worth $162,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Up 3.8 %

NYSE:INFY opened at $22.79 on Monday. The firm has a market cap of $94.39 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.55 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 company’s 50-day moving average price is $22.24 and its two-hundred day moving average price is $20.79.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same period in the prior year, the company earned $0.18 EPS. On average, research analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The business also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were given a dividend of $0.2126 per share. This is an increase from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a yield of 1.1%. Infosys’s dividend payout ratio is 53.85%.

Wall Street Analyst Weigh In

Several equities analysts have commented on INFY shares. BMO Capital Markets increased their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $20.85.

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.