Infosys Limited (NYSE:INFY) Holdings Decreased by Deltec Asset Management LLC

Deltec Asset Management LLC lessened its holdings in shares of Infosys Limited (NYSE:INFY) by 2.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,500 shares of the technology company’s stock after selling 4,250 shares during the quarter. Deltec Asset Management LLC’s holdings in Infosys were worth $2,609,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. Buckingham Capital Management Inc. grew its stake in Infosys by 0.6% in the fourth quarter. Buckingham Capital Management Inc. now owns 87,324 shares of the technology company’s stock valued at $1,605,000 after purchasing an additional 499 shares in the last quarter. HB Wealth Management LLC grew its stake in shares of Infosys by 5.7% in the 4th quarter. HB Wealth Management LLC now owns 10,661 shares of the technology company’s stock valued at $196,000 after buying an additional 575 shares in the last quarter. GAMMA Investing LLC increased its holdings in Infosys by 33.0% in the first quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock worth $43,000 after buying an additional 593 shares during the last quarter. Marshall Financial Group LLC raised its position in Infosys by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 52,478 shares of the technology company’s stock valued at $965,000 after acquiring an additional 622 shares in the last quarter. Finally, Drive Wealth Management LLC lifted its stake in Infosys by 6.1% in the fourth quarter. Drive Wealth Management LLC now owns 12,354 shares of the technology company’s stock valued at $227,000 after acquiring an additional 707 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research analysts have recently commented on INFY shares. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. HSBC reaffirmed a “hold” rating and issued a $20.10 price target on shares of Infosys in a research report on Friday, April 19th. BMO Capital Markets lowered their price objective on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 19th. Wedbush restated an “outperform” rating and issued a $22.00 target price on shares of Infosys in a report on Wednesday, March 13th. Finally, StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $19.27.

Infosys Stock Down 0.1 %

NYSE INFY traded down $0.01 during trading on Friday, hitting $18.62. The company’s stock had a trading volume of 9,520,327 shares, compared to its average volume of 8,946,987. Infosys Limited has a 52 week low of $15.33 and a 52 week high of $20.74. The firm has a market cap of $77.09 billion, a P/E ratio of 24.50, a price-to-earnings-growth ratio of 3.43 and a beta of 0.96. The firm has a 50 day moving average price of $17.38 and a 200 day moving average price of $18.43.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 analyst estimates of $4.49 billion. During the same quarter in the prior year, the business earned $0.18 earnings per share. On average, equities analysts expect that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Cuts Dividend

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

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.