D Orazio & Associates Inc. Has $358,000 Position in Infosys Limited (NYSE:INFY)

D Orazio & Associates Inc. grew its holdings in shares of Infosys Limited (NYSE:INFY) by 9.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 16,068 shares of the technology company’s stock after acquiring an additional 1,344 shares during the period. D Orazio & Associates Inc.’s holdings in Infosys were worth $358,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INFY. Hilltop National Bank grew its stake in shares of Infosys by 50.8% in the 2nd quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after buying an additional 1,004 shares during the period. GAMMA Investing LLC boosted its stake in Infosys by 22.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after purchasing an additional 541 shares during the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after purchasing an additional 1,693 shares during the last quarter. Ridgewood Investments LLC acquired a new position in Infosys during the 2nd quarter valued at about $162,000. Finally, Bank Pictet & Cie Europe AG acquired a new position in Infosys during the 2nd quarter valued at about $194,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research firms have issued reports on INFY. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Tuesday. Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. BMO Capital Markets lifted their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Infosys has an average rating of “Hold” and an average price target of $20.85.

Infosys Trading Down 0.7 %

Shares of NYSE:INFY traded down $0.16 during mid-day trading on Wednesday, reaching $21.86. The company had a trading volume of 1,687,112 shares, compared to its average volume of 9,249,487. The firm has a market cap of $90.54 billion, a price-to-earnings ratio of 28.22, a PEG ratio of 3.56 and a beta of 1.00. The company’s 50-day moving average price is $22.40 and its 200-day moving average price is $20.51. Infosys Limited has a one year low of $16.04 and a one year high of $23.48.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the business earned $0.18 EPS. On average, research analysts anticipate that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were paid a $0.2126 dividend. This represents a yield of 1.1%. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. Infosys’s payout ratio is currently 53.85%.

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.