Whittier Trust Co. Has $385,000 Stock Holdings in Infosys Limited (NYSE:INFY)

Whittier Trust Co. lifted its stake in shares of Infosys Limited (NYSE:INFY) by 10.2% during the second quarter, Holdings Channel reports. The firm owned 20,695 shares of the technology company’s stock after purchasing an additional 1,918 shares during the quarter. Whittier Trust Co.’s holdings in Infosys were worth $385,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. GAMMA Investing LLC acquired a new stake in shares of Infosys during the fourth quarter worth $36,000. Hilltop National Bank raised its position in shares of Infosys by 50.8% during the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after purchasing an additional 1,004 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Infosys during the fourth quarter worth $56,000. EverSource Wealth Advisors LLC raised its position in shares of Infosys by 113.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,663 shares during the period. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Infosys during the fourth quarter worth $123,000. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Up 1.3 %

INFY stock traded up $0.30 during mid-day trading on Thursday, hitting $23.30. The stock had a trading volume of 2,073,318 shares, compared to its average volume of 9,581,077. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48. The company has a fifty day moving average of $20.78 and a 200 day moving average of $19.03. The stock has a market capitalization of $96.46 billion, a price-to-earnings ratio of 30.61, a PEG ratio of 3.53 and a beta of 0.98.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same period in the prior year, the firm posted $0.17 EPS. As a group, sell-side analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Analysts Set New Price Targets

INFY has been the topic of several recent analyst reports. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. One analyst has rated the stock with a sell rating, six have issued a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average target price of $19.27.

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.