Sivia Capital Partners LLC Has $441,000 Stock Holdings in Infosys Limited (NYSE:INFY)

Sivia Capital Partners LLC boosted its stake in shares of Infosys Limited (NYSE:INFY) by 8.9% during the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 24,571 shares of the technology company’s stock after buying an additional 2,008 shares during the period. Sivia Capital Partners LLC’s holdings in Infosys were worth $441,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. First Trust Advisors LP raised its holdings in Infosys by 3.6% during the 4th quarter. First Trust Advisors LP now owns 25,209,033 shares of the technology company’s stock worth $463,342,000 after buying an additional 884,833 shares during the period. FIL Ltd raised its holdings in Infosys by 5.9% during the 4th quarter. FIL Ltd now owns 18,459,935 shares of the technology company’s stock worth $339,294,000 after buying an additional 1,031,371 shares during the period. Vanguard Group Inc. raised its holdings in Infosys by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock worth $139,327,000 after buying an additional 180,888 shares during the period. Franklin Resources Inc. raised its holdings in Infosys by 20.7% during the 4th quarter. Franklin Resources Inc. now owns 6,719,669 shares of the technology company’s stock worth $123,508,000 after buying an additional 1,150,885 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in Infosys by 4.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,360,152 shares of the technology company’s stock worth $98,547,000 after buying an additional 209,675 shares during the period. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Infosys Stock Up 0.7 %

Shares of NYSE:INFY traded up $0.13 during midday trading on Wednesday, hitting $19.36. The stock had a trading volume of 3,885,163 shares, compared to its average volume of 9,340,162. The business’s 50-day simple moving average is $17.45 and its 200-day simple moving average is $18.43. Infosys Limited has a 12 month low of $15.33 and a 12 month high of $20.74. The company has a market cap of $80.15 billion, a P/E ratio of 25.43, a PEG ratio of 3.43 and a beta of 0.98.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, topping 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 firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. During the same period in the previous year, the business posted $0.18 earnings per share. As a group, equities analysts predict 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. Stockholders of record on Friday, May 31st were issued a dividend of $0.2035 per share. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, May 31st. Infosys’s dividend payout ratio is currently 38.16%.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. BMO Capital Markets dropped their target price on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 19th. Guggenheim began coverage on shares of Infosys in a research note on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price target for the company. Susquehanna decreased their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a research note on Friday, April 19th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Finally, HSBC reaffirmed a “hold” rating and set a $20.10 price target on shares of Infosys in a research note on Friday, April 19th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price 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.