Surience Private Wealth LLC Makes New $3.33 Million Investment in Infosys Limited (NYSE:INFY)

Surience Private Wealth LLC acquired a new stake in Infosys Limited (NYSE:INFY) in the third quarter, HoldingsChannel.com reports. The institutional investor acquired 149,484 shares of the technology company’s stock, valued at approximately $3,329,000. Infosys makes up approximately 3.4% of Surience Private Wealth LLC’s holdings, making the stock its 13th largest holding.

Several other hedge funds have also added to or reduced their stakes in INFY. Whittier Trust Co. of Nevada Inc. grew its stake in shares of Infosys by 25.3% during the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after acquiring an additional 766 shares in the last quarter. Whittier Trust Co. grew its position in Infosys by 8.2% in the third quarter. Whittier Trust Co. now owns 22,397 shares of the technology company’s stock valued at $499,000 after purchasing an additional 1,702 shares in the last quarter. Blue Trust Inc. increased its stake in Infosys by 110.5% in the 3rd quarter. Blue Trust Inc. now owns 47,185 shares of the technology company’s stock valued at $1,051,000 after buying an additional 24,774 shares during the last quarter. Aaron Wealth Advisors LLC bought a new stake in Infosys during the 3rd quarter worth about $280,000. Finally, Vontobel Holding Ltd. boosted its stake in shares of Infosys by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 823,280 shares of the technology company’s stock worth $18,334,000 after buying an additional 30,574 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analysts Set New Price Targets

INFY has been the topic of several analyst reports. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. BMO Capital Markets upped their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday. Two analysts have rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company. According to MarketBeat, Infosys currently has a consensus rating of “Hold” and a consensus target price of $20.85.

Infosys Trading Down 0.2 %

INFY stock traded down $0.05 during midday trading on Tuesday, hitting $22.15. The stock had a trading volume of 982,983 shares, compared to its average volume of 9,324,134. The business has a fifty day moving average price of $22.69 and a two-hundred day moving average price of $20.03. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.48. The firm has a market cap of $91.70 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.68 and a beta of 0.99.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a return on equity of 32.01% and a net margin of 17.18%. During the same period in the previous year, the company posted $0.18 earnings per share. On average, equities analysts anticipate that Infosys Limited will post 0.75 EPS for the current year.

Infosys Increases Dividend

The business also recently declared a semi-annual dividend, which will be paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st will be issued a $0.2126 dividend. This represents a yield of 1.1%. This is a boost from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date is Tuesday, October 29th. Infosys’s dividend payout ratio (DPR) is presently 36.84%.

About Infosys

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.