Dimensional Fund Advisors LP Has $112.48 Million Position in Infosys Limited (NYSE:INFY)

Dimensional Fund Advisors LP raised its holdings in Infosys Limited (NYSE:INFY) by 13.4% during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 6,040,195 shares of the technology company’s stock after purchasing an additional 715,812 shares during the quarter. Dimensional Fund Advisors LP owned 0.15% of Infosys worth $112,481,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. GAMMA Investing LLC raised its position in Infosys by 33.0% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock worth $43,000 after purchasing an additional 593 shares during the last quarter. 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. Whittier Trust Co. of Nevada Inc. grew its stake in shares of 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 valued at $56,000 after buying an additional 1,693 shares during the period. Jones Financial Companies Lllp acquired a new stake in shares of Infosys in the 4th quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC grew its stake in shares of Infosys by 113.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after buying an additional 1,663 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Down 0.7 %

Shares of NYSE INFY opened at $22.69 on Tuesday. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.48. The stock’s 50 day moving average price is $22.28 and its 200-day moving average price is $19.43. The company has a market capitalization of $93.94 billion, a PE ratio of 29.86, a PEG ratio of 3.63 and a beta of 0.99.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same quarter in the previous year, the firm posted $0.17 EPS. As a group, research analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

Several brokerages have recently commented on INFY. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Saturday. Finally, Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat, Infosys presently has an average 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.