3,114,200 Shares in Infosys Limited (INFY) Acquired by ARGA Investment Management LP
ARGA Investment Management LP bought a new stake in Infosys Limited (NYSE:INFY) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 3,114,200 shares of the technology company’s stock, valued at approximately $45,436,000. Infosys Limited makes up 5.4% of ARGA Investment Management LP’s portfolio, making the stock its 8th biggest holding. ARGA Investment Management LP owned about 0.14% of Infosys Limited as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Comgest Global Investors S.A.S. lifted its position in shares of Infosys Limited by 1.4% in the second quarter. Comgest Global Investors S.A.S. now owns 33,248,005 shares of the technology company’s stock valued at $499,385,000 after acquiring an additional 465,600 shares in the last quarter. Nordea Investment Management AB lifted its position in Infosys Limited by 0.6% during the second quarter. Nordea Investment Management AB now owns 33,042,144 shares of the technology company’s stock worth $496,293,000 after buying an additional 188,589 shares in the last quarter. Seafarer Capital Partners LLC lifted its position in Infosys Limited by 1.7% during the third quarter. Seafarer Capital Partners LLC now owns 9,821,000 shares of the technology company’s stock worth $143,288,000 after buying an additional 166,000 shares in the last quarter. Mondrian Investment Partners LTD lifted its position in Infosys Limited by 67.4% during the third quarter. Mondrian Investment Partners LTD now owns 8,792,515 shares of the technology company’s stock worth $128,283,000 after buying an additional 3,541,514 shares in the last quarter. Finally, Prudential PLC lifted its position in Infosys Limited by 1.6% during the second quarter. Prudential PLC now owns 8,656,300 shares of the technology company’s stock worth $130,018,000 after buying an additional 139,000 shares in the last quarter. Institutional investors and hedge funds own 19.05% of the company’s stock.
Infosys Limited (NYSE:INFY) traded up $0.08 during mid-day trading on Thursday, reaching $15.20. The company’s stock had a trading volume of 1,742,500 shares, compared to its average volume of 6,389,078. The firm has a market capitalization of $34,559.46, a PE ratio of 15.59, a price-to-earnings-growth ratio of 1.64 and a beta of 0.68. Infosys Limited has a one year low of $13.42 and a one year high of $16.15.
Infosys Limited (NYSE:INFY) last posted its earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.24 by $0.01. The company had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.78 billion. Infosys Limited had a return on equity of 21.05% and a net margin of 21.04%. During the same quarter last year, the firm earned $0.24 earnings per share. research analysts anticipate that Infosys Limited will post 0.98 EPS for the current fiscal year.
The firm also recently announced a dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, November 1st were paid a dividend of $0.20 per share. The ex-dividend date was Tuesday, October 31st. Infosys Limited’s dividend payout ratio (DPR) is 40.21%.
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A number of equities analysts recently commented on INFY shares. Zacks Investment Research downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. BidaskClub downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. UBS Group AG downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BMO Capital Markets reiterated a “hold” rating and set a $16.00 price objective on shares of Infosys Limited in a research report on Friday, August 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.50 price objective on shares of Infosys Limited in a research report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.34.
About Infosys Limited
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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