Claro Advisors LLC Takes Position in Infosys Limited (NYSE:INFY)

Claro Advisors LLC acquired a new stake in shares of Infosys Limited (NYSE:INFY) in the fourth quarter, HoldingsChannel reports. The fund acquired 11,089 shares of the technology company’s stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Robeco Institutional Asset Management B.V. grew its holdings in shares of Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock valued at $542,051,000 after purchasing an additional 9,923,744 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in Infosys by 37.3% during the 2nd 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 last quarter. Fisher Asset Management LLC increased its position in Infosys by 9.7% in the third quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock worth $321,022,000 after buying an additional 1,271,890 shares during the period. Franklin Resources Inc. lifted its stake in Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock valued at $263,315,000 after buying an additional 322,648 shares during the last quarter. Finally, Millennium Management LLC boosted its holdings in shares of Infosys by 67.9% during the second quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after acquiring an additional 3,074,432 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on INFY. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. BMO Capital Markets increased their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $20.85.

Infosys Stock Performance

Shares of NYSE INFY opened at $22.92 on Thursday. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63. The stock has a fifty day moving average price of $22.51 and a two-hundred day moving average price of $22.15. The firm has a market cap of $94.93 billion, a P/E ratio of 29.38, a PEG ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the business posted $0.18 earnings per share. On average, research analysts predict that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were given a dividend of $0.2126 per share. 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. This represents a dividend yield of 1.1%. Infosys’s dividend payout ratio (DPR) is 53.85%.

About Infosys

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.