Infosys Limited (NYSE:INFY) Shares Acquired by Baillie Gifford & Co.

Baillie Gifford & Co. boosted its holdings in shares of Infosys Limited (NYSE:INFY) by 4.6% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,089,058 shares of the technology company’s stock after purchasing an additional 135,911 shares during the quarter. Baillie Gifford & Co. owned approximately 0.07% of Infosys worth $68,793,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Mercer Global Advisors Inc. ADV increased its stake in shares of Infosys by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after buying an additional 505 shares during the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Infosys by 3.0% during the third quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock worth $399,000 after purchasing an additional 526 shares during the last quarter. GAMMA Investing LLC lifted its position in shares of Infosys by 22.6% during the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock worth $55,000 after purchasing an additional 541 shares during the last quarter. D Orazio & Associates Inc. grew its stake in Infosys by 4.1% in the second quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock worth $274,000 after purchasing an additional 584 shares in the last quarter. Finally, Somerset Trust Co increased its holdings in Infosys by 4.2% in the second quarter. Somerset Trust Co now owns 15,140 shares of the technology company’s stock valued at $282,000 after buying an additional 611 shares during the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Down 0.1 %

INFY stock opened at $22.01 on Wednesday. The firm’s 50-day simple moving average is $22.42 and its 200 day simple moving average is $20.47. The stock has a market cap of $91.16 billion, a PE ratio of 28.22, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.48.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company 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 last year, the business earned $0.18 earnings per share. Equities analysts forecast that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were given a dividend of $0.2126 per share. This represents a yield of 1.1%. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. Infosys’s payout ratio is 53.85%.

Analysts Set New Price Targets

INFY has been the subject of several research reports. BMO Capital Markets lifted their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Tuesday. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Infosys currently has an average rating of “Hold” and a consensus price target of $20.85.

Infosys 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.