Vanguard Personalized Indexing Management LLC Increases Position in Infosys Limited (NYSE:INFY)

Vanguard Personalized Indexing Management LLC raised its position in shares of Infosys Limited (NYSE:INFY) by 24.4% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 28,718 shares of the technology company’s stock after buying an additional 5,642 shares during the period. Vanguard Personalized Indexing Management LLC’s holdings in Infosys were worth $535,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Mercer Global Advisors Inc. ADV boosted its holdings 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 valued at $328,000 after acquiring an additional 505 shares during the period. Financial & Tax Architects LLC lifted its holdings in Infosys by 46.6% during the 2nd quarter. Financial & Tax Architects LLC now owns 26,833 shares of the technology company’s stock worth $500,000 after buying an additional 8,534 shares in the last quarter. Dimensional Fund Advisors LP boosted its position in Infosys by 13.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company’s stock valued at $112,481,000 after buying an additional 715,812 shares during the period. Massachusetts Financial Services Co. MA grew its stake 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 worth $28,676,000 after acquiring an additional 402,275 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. increased its position in shares of Infosys by 44.7% during the second quarter. Oppenheimer Asset Management Inc. now owns 441,963 shares of the technology company’s stock worth $8,229,000 after acquiring an additional 136,628 shares during the period. 10.89% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

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

Infosys Stock Up 1.8 %

INFY stock opened at $22.96 on Friday. The business has a 50 day moving average price of $22.36 and a 200 day moving average price of $19.47. The stock has a market cap of $95.05 billion, a price-to-earnings ratio of 30.21, a PEG ratio of 3.59 and a beta of 0.99. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.48.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. Infosys had a net margin of 17.18% and a return on equity of 32.01%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the firm earned $0.17 EPS. As a group, sell-side analysts anticipate that Infosys Limited will post 0.75 EPS for the current year.

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.