Dalton Investments Inc. Reduces Position in Infosys Limited (NYSE:INFY)

Dalton Investments Inc. reduced its stake in shares of Infosys Limited (NYSE:INFY) by 16.2% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 501,018 shares of the technology company’s stock after selling 96,898 shares during the period. Infosys comprises approximately 5.3% of Dalton Investments Inc.’s portfolio, making the stock its 5th biggest position. Dalton Investments Inc.’s holdings in Infosys were worth $9,329,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Principal Financial Group Inc. purchased a new stake in shares of Infosys in the fourth quarter valued at about $6,205,000. PNC Financial Services Group Inc. lifted its position in shares of Infosys by 3.8% during the 4th quarter. PNC Financial Services Group Inc. now owns 70,540 shares of the technology company’s stock worth $1,297,000 after buying an additional 2,573 shares in the last quarter. Corient Private Wealth LLC increased its position in shares of Infosys by 1.2% during the fourth quarter. Corient Private Wealth LLC now owns 115,156 shares of the technology company’s stock valued at $2,117,000 after acquiring an additional 1,335 shares during the last quarter. Assetmark Inc. boosted its position in Infosys by 31.8% in the fourth quarter. Assetmark Inc. now owns 12,656 shares of the technology company’s stock worth $233,000 after purchasing an additional 3,054 shares during the last quarter. Finally, EverSource Wealth Advisors LLC increased its position in shares of Infosys by 113.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,663 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Infosys Price Performance

Shares of INFY stock opened at $22.85 on Friday. The stock has a market capitalization of $94.60 billion, a price-to-earnings ratio of 30.07, a PEG ratio of 3.63 and a beta of 0.99. The company’s fifty day simple moving average is $22.23 and its two-hundred day simple moving average is $19.40. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 previous year, the company posted $0.17 EPS. Equities research analysts anticipate that Infosys Limited will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

INFY has been the subject of several research reports. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Saturday. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus 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.