Oldfield Partners LLP Raises Holdings in Infosys Limited (INFY)
Oldfield Partners LLP grew its position in Infosys Limited (NYSE:INFY) by 5.6% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,107,302 shares of the technology company’s stock after purchasing an additional 165,800 shares during the period. Infosys Limited comprises about 3.6% of Oldfield Partners LLP’s holdings, making the stock its 11th largest position. Oldfield Partners LLP owned approximately 0.14% of Infosys Limited worth $45,336,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently modified their holdings of INFY. Dimensional Fund Advisors LP increased its holdings in shares of Infosys Limited by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,511,257 shares of the technology company’s stock valued at $82,747,000 after acquiring an additional 17,578 shares during the last quarter. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of Infosys Limited by 67.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 424,295 shares of the technology company’s stock valued at $6,373,000 after acquiring an additional 171,509 shares during the last quarter. Sustainable Growth Advisers LP increased its holdings in shares of Infosys Limited by 104.0% during the 2nd quarter. Sustainable Growth Advisers LP now owns 5,361,595 shares of the technology company’s stock valued at $80,531,000 after acquiring an additional 2,733,992 shares during the last quarter. Russell Investments Group Ltd. increased its holdings in shares of Infosys Limited by 25.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,530,402 shares of the technology company’s stock valued at $83,089,000 after acquiring an additional 1,105,103 shares during the last quarter. Finally, Seafarer Capital Partners LLC increased its holdings in shares of Infosys Limited by 29.1% during the 2nd quarter. Seafarer Capital Partners LLC now owns 9,655,000 shares of the technology company’s stock valued at $145,018,000 after acquiring an additional 2,177,500 shares during the last quarter. 19.70% of the stock is currently owned by institutional investors.
Shares of Infosys Limited (NYSE INFY) traded up $0.19 during mid-day trading on Tuesday, hitting $14.82. The company’s stock had a trading volume of 2,628,031 shares, compared to its average volume of 5,130,000. Infosys Limited has a 52 week low of $13.42 and a 52 week high of $16.15. The company has a market cap of $33,070.00, a P/E ratio of 15.08, a P/E/G ratio of 1.59 and a beta of 0.72.
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, beating the consensus estimate of $0.24 by $0.01. Infosys Limited had a net margin of 21.04% and a return on equity of 21.05%. The firm had revenue of $2.73 billion during the quarter, compared to analysts’ expectations of $2.78 billion. During the same period in the previous year, the business posted $0.24 EPS. sell-side analysts anticipate that Infosys Limited will post 0.98 earnings per share for the current fiscal year.
The company also recently announced a dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, November 1st were paid a $0.20 dividend. The ex-dividend date was Tuesday, October 31st. Infosys Limited’s dividend payout ratio is currently 42.27%.
A number of analysts have issued reports on INFY shares. Zacks Investment Research lowered Infosys Limited from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. J P Morgan Chase & Co lowered Infosys Limited from an “overweight” rating to a “neutral” rating in a report on Monday, August 21st. Deutsche Bank AG raised Infosys Limited from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Robert W. Baird reaffirmed a “hold” rating and issued a $16.00 target price on shares of Infosys Limited in a report on Sunday, September 3rd. Finally, Goldman Sachs Group, Inc. (The) raised Infosys Limited from a “sell” rating to a “neutral” rating and raised their target price for the company from $12.40 to $12.88 in a report on Sunday, September 17th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $15.34.
Infosys Limited Company Profile
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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