Infosys Limited (NYSE:INFY) Shares Purchased by Financial & Tax Architects LLC

Financial & Tax Architects LLC increased its position in shares of Infosys Limited (NYSE:INFY) by 10.7% in the fourth quarter, HoldingsChannel.com reports. The firm owned 28,222 shares of the technology company’s stock after acquiring an additional 2,719 shares during the quarter. Financial & Tax Architects LLC’s holdings in Infosys were worth $619,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Massachusetts Financial Services Co. MA raised its holdings in shares of Infosys by 35.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 1,540,045 shares of the technology company’s stock valued at $28,676,000 after buying an additional 402,275 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Infosys by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company’s stock worth $112,481,000 after acquiring an additional 715,812 shares during the period. Mercer Global Advisors Inc. ADV grew its position 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 period. Vanguard Personalized Indexing Management LLC grew its position in Infosys by 24.4% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 28,718 shares of the technology company’s stock worth $535,000 after buying an additional 5,642 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in Infosys by 37.3% during the second quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock worth $401,826,000 after buying an additional 5,862,144 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on INFY. Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday. 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 report on Friday, October 18th. Finally, Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.22.

Infosys Stock Down 1.9 %

Shares of INFY stock traded down $0.41 during mid-day trading on Friday, reaching $21.16. The company’s stock had a trading volume of 13,511,955 shares, compared to its average volume of 4,648,636. The company’s 50 day simple moving average is $22.54 and its 200-day simple moving average is $22.15. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a market capitalization of $87.65 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter last year, the business posted $0.18 earnings per share. As a group, research analysts anticipate that Infosys Limited will post 0.74 EPS for the current fiscal year.

Infosys Increases Dividend

The company also recently declared 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 represents a yield of 1.1%. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. Infosys’s dividend payout ratio (DPR) 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.