Stifel Financial Corp Decreases Position in Infosys Limited (NYSE:INFY)

Stifel Financial Corp trimmed its holdings in shares of Infosys Limited (NYSE:INFY) by 1.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 61,916 shares of the technology company’s stock after selling 893 shares during the period. Stifel Financial Corp’s holdings in Infosys were worth $1,379,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of INFY. Mercer Global Advisors Inc. ADV grew its position in Infosys by 2.9% during the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after acquiring an additional 505 shares during the last quarter. Canopy Partners LLC boosted its stake in shares of Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after purchasing an additional 522 shares during the period. Outlook Wealth Advisors LLC grew its holdings in shares of Infosys by 3.0% in the third quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock worth $399,000 after purchasing an additional 526 shares during the last quarter. D Orazio & Associates Inc. increased its stake in shares of Infosys by 4.1% in the second quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock worth $274,000 after buying an additional 584 shares during the period. Finally, Modera Wealth Management LLC raised its holdings in Infosys by 0.4% during the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company’s stock valued at $4,076,000 after buying an additional 653 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INFY has been the topic of a number of recent analyst reports. BMO Capital Markets raised their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $20.85.

Infosys Stock Down 2.9 %

NYSE INFY opened at $22.73 on Friday. The firm has a market capitalization of $94.15 billion, a PE ratio of 29.14, a P/E/G ratio of 3.77 and a beta of 1.00. The stock’s 50 day moving average is $22.30 and its 200 day moving average is $21.58. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.18 EPS. On average, research analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

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

Infosys 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.