Quantbot Technologies LP Makes New Investment in Infosys Limited (NYSE:INFY)

Quantbot Technologies LP acquired a new stake in Infosys Limited (NYSE:INFY) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund acquired 122,290 shares of the technology company’s stock, valued at approximately $2,723,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Mizuho Securities Co. Ltd. acquired a new position in Infosys during the third quarter valued at approximately $33,000. Hilltop National Bank boosted its position in Infosys by 50.8% during the 2nd 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. GAMMA Investing LLC increased its holdings in Infosys by 22.6% in 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 in the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Infosys by 126.7% in the second 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 period. Finally, Ridgewood Investments LLC acquired a new position in shares of Infosys during the second quarter worth about $162,000. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Performance

Shares of Infosys stock opened at $22.74 on Thursday. The firm has a market cap of $94.19 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48. The firm’s 50-day simple moving average is $22.24 and its 200-day simple moving average is $20.89.

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

Infosys Increases Dividend

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

Analyst Ratings Changes

A number of research firms have recently issued reports on INFY. BMO Capital Markets increased their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $20.85.

About Infosys

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.