Segall Bryant & Hamill LLC Buys New Shares in Infosys Limited (NYSE:INFY)

Segall Bryant & Hamill LLC bought a new stake in shares of Infosys Limited (NYSE:INFY) during the third quarter, HoldingsChannel.com reports. The institutional investor bought 15,700 shares of the technology company’s stock, valued at approximately $350,000.

A number of other large investors also recently modified their holdings of INFY. Earnest Partners LLC lifted its stake in shares of Infosys by 23.6% during the 1st quarter. Earnest Partners LLC now owns 122,470 shares of the technology company’s stock valued at $2,196,000 after buying an additional 23,353 shares in the last quarter. Tidal Investments LLC purchased a new position in shares of Infosys during the 1st quarter valued at $371,000. LBP AM SA lifted its stake in Infosys by 10.1% in the 1st quarter. LBP AM SA now owns 219,302 shares of the technology company’s stock worth $3,932,000 after purchasing an additional 20,100 shares in the last quarter. Advisory Resource Group lifted its stake in Infosys by 19.8% in the 1st quarter. Advisory Resource Group now owns 48,565 shares of the technology company’s stock worth $871,000 after purchasing an additional 8,030 shares in the last quarter. Finally, Virtu Financial LLC purchased a new stake in Infosys in the 1st quarter worth $244,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. BMO Capital Markets boosted their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Wednesday, November 20th. Finally, Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, Infosys presently has a consensus rating of “Hold” and an average target price of $20.85.

Infosys Stock Up 3.8 %

Infosys stock opened at $22.79 on Monday. The company has a market cap of $94.39 billion, a PE ratio of 29.22, a price-to-earnings-growth ratio of 3.55 and a beta of 1.00. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.48. The company’s 50-day moving average price is $22.24 and its 200-day moving average price is $20.79.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period in the prior year, the firm posted $0.18 EPS. As a group, sell-side analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were given a $0.2126 dividend. This represents a yield of 1.1%. This is a boost from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. Infosys’s payout ratio is 53.85%.

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.