Sei Investments Co. Purchases 21,961 Shares of Infosys Limited (NYSE:INFY)

Sei Investments Co. grew its position in Infosys Limited (NYSE:INFY) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,038,666 shares of the technology company’s stock after buying an additional 21,961 shares during the quarter. Sei Investments Co.’s holdings in Infosys were worth $19,340,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Infosys by 33.0% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock worth $43,000 after acquiring an additional 593 shares in the last quarter. Hilltop National Bank raised its stake in Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after buying an additional 1,004 shares in the last quarter. Jones Financial Companies Lllp purchased a new stake in Infosys during the fourth quarter worth $56,000. Whittier Trust Co. of Nevada Inc. boosted its position in Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after acquiring an additional 1,693 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new position in shares of Infosys in the 4th quarter valued at $123,000. Institutional investors own 10.89% of the company’s stock.

Infosys Price Performance

INFY opened at $22.56 on Thursday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48. The firm has a fifty day moving average price of $22.31 and a 200 day moving average price of $19.45. The stock has a market cap of $93.42 billion, a P/E ratio of 29.62, a P/E/G ratio of 3.59 and a beta of 0.99.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The company had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities analysts expect that Infosys Limited will post 0.75 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INFY shares. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Saturday, September 21st. Finally, Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, Infosys currently has an average rating of “Hold” and a consensus price target of $19.27.

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.