MML Investors Services LLC Has $438,000 Position in Infosys Limited (NYSE:INFY)

MML Investors Services LLC grew its holdings in Infosys Limited (NYSE:INFY) by 27.6% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,685 shares of the technology company’s stock after buying an additional 4,261 shares during the quarter. MML Investors Services LLC’s holdings in Infosys were worth $438,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. Mizuho Securities Co. Ltd. acquired a new stake in Infosys in the 3rd quarter valued at about $33,000. Whittier Trust Co. of Nevada Inc. raised its position in Infosys by 126.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,693 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after buying an additional 1,005 shares in the last quarter. Ridgewood Investments LLC bought a new position in Infosys in the 2nd quarter valued at $162,000. Finally, Lafayette Investments Inc. acquired a new stake in shares of Infosys in the 2nd quarter valued at $194,000. 16.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have recently issued reports on INFY shares. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Finally, BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, eight have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Infosys presently has a consensus rating of “Moderate Buy” and an average price target of $20.85.

Infosys Trading Up 0.2 %

INFY stock opened at $22.78 on Tuesday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The business’s 50-day moving average price is $22.30 and its two-hundred day moving average price is $21.61. The firm has a market cap of $94.35 billion, a PE ratio of 29.21, a P/E/G ratio of 3.77 and a beta of 1.00.

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 the consensus estimate of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The business had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the business posted $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were issued a dividend of $0.2126 per share. This represents a dividend 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 dividend payout ratio (DPR) is presently 53.85%.

Infosys Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.