Cable Hill Partners LLC Grows Stock Holdings in Infosys Limited (NYSE:INFY)

Cable Hill Partners LLC grew its stake in Infosys Limited (NYSE:INFY) by 29.0% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 16,874 shares of the technology company’s stock after purchasing an additional 3,790 shares during the period. Cable Hill Partners LLC’s holdings in Infosys were worth $376,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently made changes to their positions in INFY. Mercer Global Advisors Inc. ADV boosted its stake in Infosys by 2.9% during 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 boosted its position in shares of Infosys by 3.0% during the 3rd quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock valued at $399,000 after acquiring an additional 526 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of Infosys by 22.6% in the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after purchasing an additional 541 shares during the period. D Orazio & Associates Inc. increased its position in Infosys by 4.1% during 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 during the last quarter. Finally, Somerset Trust Co increased its position in Infosys by 4.2% during the second quarter. Somerset Trust Co now owns 15,140 shares of the technology company’s stock worth $282,000 after purchasing an additional 611 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Performance

NYSE INFY opened at $22.05 on Thursday. The firm has a market cap of $91.31 billion, a price-to-earnings ratio of 28.26, a PEG ratio of 3.56 and a beta of 1.00. The firm has a 50 day simple moving average of $22.40 and a 200-day simple moving average of $20.51. Infosys Limited has a one year low of $16.04 and a one year high of $23.48.

Infosys (NYSE:INFY) last issued 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. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The company had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the company posted $0.18 EPS. Equities analysts predict that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

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

Analyst Ratings Changes

Several analysts have recently weighed in on INFY shares. BMO Capital Markets increased their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price 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.