Candriam Luxembourg S.C.A. held its position in shares of Infosys Ltd. (NYSE:INFY) during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,250 shares of the company’s stock at the end of the second quarter. Candriam Luxembourg S.C.A.’s holdings in Infosys were worth $201,000 at the end of the most recent reporting period.
Several other institutional investors also recently modified their holdings of INFY. Orbis Allan Gray Ltd acquired a new position in Infosys during the first quarter worth approximately $342,000. Bayesian Capital Management LP acquired a new position in Infosys during the first quarter worth approximately $641,000. Wellington Management Group LLP raised its position in Infosys by 671.7% in the first quarter. Wellington Management Group LLP now owns 1,610,371 shares of the company’s stock worth $30,630,000 after buying an additional 1,401,692 shares in the last quarter. Prudential PLC raised its position in Infosys by 496.8% in the first quarter. Prudential PLC now owns 3,958,400 shares of the company’s stock worth $75,289,000 after buying an additional 3,295,100 shares in the last quarter. Finally, Glovista Investments LLC raised its position in Infosys by 12.5% in the first quarter. Glovista Investments LLC now owns 667,800 shares of the company’s stock worth $12,702,000 after buying an additional 74,450 shares in the last quarter. 17.61% of the stock is currently owned by institutional investors.
Infosys Ltd. (NYSE:INFY) traded down 5.95% during midday trading on Friday, reaching $15.66. 19,894,659 shares of the company traded hands. The company has a market capitalization of $35.79 billion, a price-to-earnings ratio of 17.21 and a beta of 1.07. The stock’s 50 day moving average is $16.01 and its 200 day moving average is $17.50. Infosys Ltd. has a one year low of $15.48 and a one year high of $20.47.
Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, October 14th. The company reported $0.24 EPS for the quarter, meeting analysts’ consensus estimates of $0.24. Infosys had a net margin of 21.41% and a return on equity of 23.24%. The business had revenue of $2.59 billion for the quarter, compared to analysts’ expectations of $2.60 billion. During the same period last year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 10.7% on a year-over-year basis. On average, equities analysts anticipate that Infosys Ltd. will post $0.95 earnings per share for the current year.
The firm also recently declared a dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Monday, October 24th will be given a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, October 20th. Infosys’s payout ratio is currently 35.16%.
A number of equities analysts recently commented on INFY shares. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $20.00 price target on the stock in a research report on Friday, June 17th. Oppenheimer Holdings Inc. reissued a “hold” rating on shares of Infosys in a report on Friday, July 15th. Wells Fargo & Co. reissued a “hold” rating on shares of Infosys in a report on Tuesday, August 16th. HSBC lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, August 9th. Finally, Cantor Fitzgerald reissued a “hold” rating on shares of Infosys in a report on Monday, August 8th. Thirteen analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Infosys currently has an average rating of “Hold” and a consensus price target of $17.97.
Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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