Captrust Financial Advisors Acquires 5,325 Shares of Infosys Limited (NYSE:INFY)

Captrust Financial Advisors raised its holdings in shares of Infosys Limited (NYSE:INFY) by 32.5% in the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,718 shares of the technology company’s stock after purchasing an additional 5,325 shares during the period. Captrust Financial Advisors’ holdings in Infosys were worth $484,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in INFY. Mizuho Securities Co. Ltd. bought a new stake in shares of Infosys during the third quarter valued at approximately $33,000. Whittier Trust Co. of Nevada Inc. increased its position in shares of Infosys by 126.7% during the second 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. GAMMA Investing LLC increased its position in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,005 shares in the last quarter. Ridgewood Investments LLC bought a new stake in shares of Infosys during the second quarter valued at approximately $162,000. Finally, Bank Pictet & Cie Europe AG bought a new stake in shares of Infosys during the second quarter valued at approximately $194,000. Institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

Shares of Infosys stock opened at $23.25 on Friday. The company’s fifty day simple moving average is $22.27 and its 200-day simple moving average is $21.28. The stock has a market capitalization of $96.30 billion, a PE ratio of 29.81, a P/E/G ratio of 3.69 and a beta of 1.00. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.51.

Infosys (NYSE:INFY) last released its earnings results on Thursday, October 17th. 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%. The company had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the previous year, the company earned $0.18 EPS. As a group, research analysts anticipate that Infosys Limited will post 0.75 EPS for the current 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 paid 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 of this dividend was Tuesday, October 29th. This represents a dividend yield of 1.1%. Infosys’s payout ratio is 53.85%.

Wall Street Analyst Weigh In

INFY has been the subject of a number of research analyst reports. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets lifted their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday. Finally, Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, eight have issued 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 “Moderate Buy” and a consensus price target of $20.85.

Infosys Company 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.