Diversified Trust Co Makes New Investment in Infosys Limited (NYSE:INFY)

Diversified Trust Co bought a new stake in Infosys Limited (NYSE:INFY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 21,832 shares of the technology company’s stock, valued at approximately $479,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in INFY. International Assets Investment Management LLC acquired a new stake in Infosys in the third quarter worth about $16,560,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after purchasing an additional 123,083 shares during the last quarter. Barclays PLC grew its position in shares of Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after buying an additional 266,902 shares during the period. DGS Capital Management LLC raised its stake in shares of Infosys by 15.9% during the third quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock worth $1,408,000 after buying an additional 8,692 shares during the last quarter. Finally, BNP Paribas Financial Markets lifted its holdings in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after buying an additional 297,183 shares during the period. Institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

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

Infosys Stock Performance

Shares of INFY stock opened at $22.72 on Friday. Infosys Limited has a 52 week low of $16.04 and a 52 week high of $23.63. The company’s 50 day moving average price is $22.44 and its two-hundred day moving average price is $22.04. The company has a market capitalization of $94.10 billion, a P/E ratio of 29.13, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period last year, the business posted $0.18 earnings per share. Analysts forecast that Infosys Limited will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

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