National Bank of Canada FI Increases Position in Infosys Limited (NYSE:INFY)

National Bank of Canada FI raised its stake in Infosys Limited (NYSE:INFY) by 24.3% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 54,163 shares of the technology company’s stock after purchasing an additional 10,581 shares during the quarter. National Bank of Canada FI’s holdings in Infosys were worth $1,015,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings in shares of Infosys by 33.0% in the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after purchasing an additional 593 shares in the last quarter. Hilltop National Bank grew its position in shares of Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after purchasing an additional 1,004 shares during the last quarter. Jones Financial Companies Lllp purchased a new position in shares of Infosys during the 4th quarter worth approximately $56,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Infosys by 126.7% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,693 shares during the last quarter. Finally, EverSource Wealth Advisors LLC boosted its stake in shares of Infosys by 113.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after acquiring an additional 1,663 shares during the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on INFY shares. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday. Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $19.27.

Infosys Stock Up 1.4 %

Shares of INFY opened at $23.25 on Friday. Infosys Limited has a fifty-two week low of $16.04 and a fifty-two week high of $23.48. The company’s fifty day moving average is $21.84 and its two-hundred day moving average is $19.28. The firm has a market cap of $96.25 billion, a PE ratio of 30.59, a price-to-earnings-growth ratio of 3.57 and a beta of 0.99.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.18. The firm had revenue of $4.71 billion for the quarter, compared to analysts’ expectations of $4.67 billion. Infosys had a return on equity of 32.01% and a net margin of 17.18%. During the same quarter last year, the firm earned $0.17 earnings per share. As a group, equities research analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current year.

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.