Claro Advisors LLC Makes New $243,000 Investment in Infosys Limited (NYSE:INFY)

Claro Advisors LLC acquired a new stake in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 11,089 shares of the technology company’s stock, valued at approximately $243,000.

Other institutional investors and hedge funds have also made changes to their positions in the company. Mizuho Securities Co. Ltd. purchased a new position in Infosys in the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter worth $57,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after acquiring an additional 766 shares during the period. GAMMA Investing LLC lifted its holdings in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in Infosys during the 3rd quarter worth $202,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have commented on INFY shares. BMO Capital Markets raised their price objective on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Finally, HSBC raised shares of 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, four have issued a hold rating, five have given 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 a consensus price target of $20.85.

Infosys Price Performance

NYSE INFY opened at $22.92 on Thursday. The company has a market capitalization of $94.93 billion, a price-to-earnings ratio of 29.38, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.63. The company’s fifty day moving average price is $22.51 and its two-hundred day moving average price is $22.15.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The business 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 last year, the company posted $0.18 earnings per share. As a group, analysts anticipate that Infosys Limited will post 0.75 EPS for the current year.

Infosys Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were issued a $0.2126 dividend. This represents a dividend yield of 1.1%. This is an increase from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. Infosys’s payout ratio is 53.85%.

Infosys Company 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.