Infosys Limited (NYSE:INFY) Shares Bought by Range Financial Group LLC

Range Financial Group LLC lifted its stake in shares of Infosys Limited (NYSE:INFY) by 212.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 30,136 shares of the technology company’s stock after buying an additional 20,490 shares during the quarter. Range Financial Group LLC’s holdings in Infosys were worth $661,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. National Bank of Canada FI raised its stake in Infosys by 24.3% during the second quarter. National Bank of Canada FI now owns 54,163 shares of the technology company’s stock valued at $1,015,000 after buying an additional 10,581 shares in the last quarter. Candriam S.C.A. lifted its stake in Infosys by 6.3% during the second quarter. Candriam S.C.A. now owns 152,000 shares of the technology company’s stock worth $2,830,000 after purchasing an additional 9,000 shares during the last quarter. Caprock Group LLC boosted its holdings in Infosys by 112.2% in the second quarter. Caprock Group LLC now owns 62,873 shares of the technology company’s stock worth $1,191,000 after purchasing an additional 33,240 shares during the period. Ballentine Partners LLC increased its stake in Infosys by 7.9% during the second quarter. Ballentine Partners LLC now owns 66,747 shares of the technology company’s stock valued at $1,243,000 after purchasing an additional 4,915 shares during the last quarter. Finally, Prudential PLC increased its stake in Infosys by 9.1% during the second quarter. Prudential PLC now owns 1,072,158 shares of the technology company’s stock valued at $19,964,000 after purchasing an additional 89,469 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on INFY shares. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Friday. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, Investec lowered Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $20.85.

Infosys Stock Down 0.6 %

INFY stock traded down $0.13 during trading on Tuesday, reaching $22.62. 5,150,377 shares of the company’s stock were exchanged, compared to its average volume of 5,094,938. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The firm has a market cap of $93.69 billion, a PE ratio of 29.00, a P/E/G ratio of 3.77 and a beta of 1.00. The company’s fifty day moving average price is $22.31 and its 200-day moving average price is $21.96.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate 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 net margin of 17.15% and a return on equity of 31.43%. During the same quarter in the prior year, the company posted $0.18 earnings per share. As a group, sell-side analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal 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 issued a dividend of $0.2126 per share. This is a boost from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. This represents a yield of 1.1%. Infosys’s payout ratio is presently 53.85%.

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.