Stifel Financial Corp Cuts Stake in Infosys Limited (NYSE:INFY)

Stifel Financial Corp lowered its stake in shares of Infosys Limited (NYSE:INFY) by 1.4% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 61,916 shares of the technology company’s stock after selling 893 shares during the quarter. Stifel Financial Corp’s holdings in Infosys were worth $1,379,000 as of its most recent SEC filing.

A number of other large investors have also added to or reduced their stakes in INFY. Mizuho Securities Co. Ltd. bought a new position in Infosys during the third quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. increased its holdings 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 acquiring an additional 1,693 shares during the last quarter. GAMMA Investing LLC raised its stake in Infosys by 34.3% in the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,005 shares during the period. Ridgewood Investments LLC purchased a new stake in Infosys during the second quarter valued at about $162,000. Finally, Lafayette Investments Inc. bought a new position in Infosys during the second quarter worth about $194,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Infosys stock opened at $22.73 on Friday. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a market cap of $94.15 billion, a P/E ratio of 29.14, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. The firm’s fifty day moving average price is $22.30 and its 200-day moving average price is $21.58.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $4.89 billion. During the same quarter last year, the business posted $0.18 earnings per share. On average, analysts predict that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were given a $0.2126 dividend. This is an increase 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 Upgrades and Downgrades

Several analysts have recently issued reports on the stock. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets boosted their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Finally, Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Infosys currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.85.

Infosys Company 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.