Sivia Capital Partners LLC Takes Position in Infosys Limited (NYSE:INFY)

Sivia Capital Partners LLC purchased a new stake in shares of Infosys Limited (NYSE:INFY) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 22,563 shares of the technology company’s stock, valued at approximately $415,000.

A number of other large investors have also made changes to their positions in INFY. Aikya Investment Management Ltd acquired a new stake in shares of Infosys during the fourth quarter valued at approximately $71,409,000. FMR LLC increased its stake in Infosys by 15.2% in the 3rd quarter. FMR LLC now owns 24,819,637 shares of the technology company’s stock valued at $424,664,000 after buying an additional 3,275,485 shares during the period. Wellington Management Group LLP increased its stake in Infosys by 539.8% in the 4th quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company’s stock valued at $36,955,000 after buying an additional 1,696,378 shares during the period. Franklin Resources Inc. increased its stake in Infosys by 20.7% in the 4th quarter. Franklin Resources Inc. now owns 6,719,669 shares of the technology company’s stock valued at $123,508,000 after buying an additional 1,150,885 shares during the period. Finally, FIL Ltd increased its stake in Infosys by 5.9% in the 4th quarter. FIL Ltd now owns 18,459,935 shares of the technology company’s stock valued at $339,294,000 after buying an additional 1,031,371 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Price Performance

Shares of NYSE INFY traded up $0.11 during trading hours on Monday, hitting $17.90. 3,040,933 shares of the stock were exchanged, compared to its average volume of 9,204,833. The company’s 50 day moving average is $17.23 and its 200 day moving average is $18.38. The firm has a market capitalization of $74.11 billion, a P/E ratio of 23.41, a P/E/G ratio of 3.28 and a beta of 0.96. Infosys Limited has a one year low of $15.11 and a one year high of $20.74.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.49 billion. During the same period in the prior year, the firm earned $0.18 EPS. Research analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Cuts Dividend

The business also recently declared a semi-annual dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 31st were issued a $0.2035 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, May 31st. Infosys’s dividend payout ratio (DPR) is presently 38.16%.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on INFY shares. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. BMO Capital Markets decreased their target price on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 19th. Guggenheim initiated coverage on shares of Infosys in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price for the company. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. Finally, HSBC reissued a “hold” rating and issued a $20.10 target price on shares of Infosys in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $19.27.

Infosys 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.