Infosys Limited (NYSE:INFY) Shares Purchased by GAMMA Investing LLC

GAMMA Investing LLC increased its stake in shares of Infosys Limited (NYSE:INFY) by 14.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,496 shares of the technology company’s stock after purchasing an additional 560 shares during the period. GAMMA Investing LLC’s holdings in Infosys were worth $99,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. International Assets Investment Management LLC acquired a new position in Infosys in the 3rd quarter valued at $16,560,000. Nomura Asset Management Co. Ltd. raised its holdings in Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares during the last quarter. Barclays PLC raised its holdings in Infosys by 11.8% in the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares during the last quarter. DGS Capital Management LLC grew its stake in shares of Infosys by 15.9% during the 3rd quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock valued at $1,408,000 after buying an additional 8,692 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Infosys by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after buying an additional 297,183 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Infosys Price Performance

NYSE:INFY opened at $22.72 on Friday. The firm has a 50-day moving average of $22.44 and a two-hundred day moving average of $22.04. The stock has a market cap of $94.10 billion, a P/E ratio of 29.13, a PEG ratio of 3.77 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter in the prior year, the business posted $0.18 EPS. As a group, equities analysts expect that Infosys Limited will post 0.75 earnings per share for the current 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 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 dividend payout ratio is 53.85%.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets upped their price target 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. Two investment analysts have rated the stock with a sell rating, four have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $20.85.

About Infosys

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.