261,554 Shares in Infosys Limited (NYSE:INFY) Bought by B. Metzler seel. Sohn & Co. Holding AG

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Infosys Limited (NYSE:INFY) during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 261,554 shares of the technology company’s stock, valued at approximately $5,825,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INFY. Mercer Global Advisors Inc. ADV increased its stake in shares of Infosys by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after purchasing an additional 505 shares during the period. Outlook Wealth Advisors LLC increased its position in Infosys by 3.0% in the 3rd quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock worth $399,000 after buying an additional 526 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Infosys by 22.6% during the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock worth $55,000 after buying an additional 541 shares during the last quarter. D Orazio & Associates Inc. boosted its position in shares of Infosys by 4.1% in the second quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock valued at $274,000 after acquiring an additional 584 shares during the period. Finally, Somerset Trust Co grew its stake in shares of Infosys by 4.2% in the second quarter. Somerset Trust Co now owns 15,140 shares of the technology company’s stock worth $282,000 after acquiring an additional 611 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Up 0.6 %

Shares of INFY stock opened at $21.74 on Wednesday. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.48. The firm has a fifty day moving average of $22.29 and a 200-day moving average of $20.68. The company has a market capitalization of $90.04 billion, a price-to-earnings ratio of 27.87, a P/E/G ratio of 3.48 and a beta of 1.00.

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

Infosys Increases Dividend

The company also recently declared 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 of this dividend was Tuesday, October 29th. This represents a yield of 1.1%. This is an increase from Infosys’s previous semi-annual dividend of $0.20. Infosys’s dividend payout ratio is 53.85%.

Wall Street Analysts Forecast Growth

INFY has been the subject of several research reports. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Wednesday. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the company. According to data from MarketBeat, Infosys presently has an average rating of “Hold” and an average target price of $20.85.

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.