Regent Peak Wealth Advisors LLC Sells 88,591 Shares of Infosys Limited (NYSE:INFY)

Regent Peak Wealth Advisors LLC lowered its stake in shares of Infosys Limited (NYSE:INFY) by 79.1% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 23,349 shares of the technology company’s stock after selling 88,591 shares during the period. Regent Peak Wealth Advisors LLC’s holdings in Infosys were worth $512,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFY. Mizuho Securities Co. Ltd. purchased a new position in shares of Infosys during the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys during the 3rd quarter worth $57,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after acquiring an additional 766 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of Infosys in the third quarter valued at about $202,000. 16.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Friday. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BMO Capital Markets raised their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $20.85.

Infosys Stock Down 0.1 %

INFY traded down $0.03 during trading hours on Tuesday, hitting $22.72. The stock had a trading volume of 2,657,389 shares, compared to its average volume of 4,460,115. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The company’s fifty day simple moving average is $22.31 and its 200 day simple moving average is $21.96. The stock has a market cap of $94.10 billion, a PE ratio of 29.13, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter last year, the company earned $0.18 earnings per share. As a group, equities analysts expect that Infosys Limited will post 0.75 EPS for the current year.

Infosys Increases Dividend

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

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.