Russell Investments Group Ltd. raised its position in shares of Infosys Limited (NYSE:INFY) by 24.9% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 6,906,384 shares of the technology company’s stock after purchasing an additional 1,375,982 shares during the period. Russell Investments Group Ltd. owned approximately 0.30% of Infosys Limited worth $100,722,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. increased its holdings in shares of Infosys Limited by 82.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock worth $120,000 after buying an additional 3,400 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Infosys Limited by 198.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock worth $120,000 after buying an additional 5,295 shares during the period. Equity Investment Corp Acquisition Inc purchased a new position in shares of Infosys Limited in the second quarter worth about $151,000. Personal Capital Advisors Corp purchased a new position in shares of Infosys Limited in the second quarter worth about $166,000. Finally, Foster & Motley Inc. purchased a new position in shares of Infosys Limited in the third quarter worth about $166,000. Institutional investors and hedge funds own 19.47% of the company’s stock.

Infosys Limited (NYSE:INFY) traded down $0.07 during trading on Thursday, reaching $14.84. The company’s stock had a trading volume of 2,088,900 shares, compared to its average volume of 6,460,820. The company has a market cap of $34,079.47, a PE ratio of 15.37, a price-to-earnings-growth ratio of 1.62 and a beta of 0.68. Infosys Limited has a fifty-two week low of $13.42 and a fifty-two week high of $16.15.

Infosys Limited (NYSE:INFY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. The business had revenue of $2.73 billion for 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 period in the previous year, the firm posted $0.24 EPS. research analysts forecast that Infosys Limited will post 0.98 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, November 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Infosys Limited’s payout ratio is 40.21%.

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Several research analysts have recently commented on the company. BMO Capital Markets reiterated a “hold” rating and issued a $16.00 price objective on shares of Infosys Limited in a report on Friday, August 18th. UBS AG downgraded Infosys Limited from a “buy” rating to a “hold” rating in a report on Friday, August 18th. BidaskClub cut Infosys Limited from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research cut Infosys Limited from a “buy” rating to a “hold” rating in a research note on Friday, July 28th. Finally, Deutsche Bank AG raised Infosys Limited from a “hold” rating to a “buy” rating in a research note on Monday, August 28th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the company’s stock. Infosys Limited currently has an average rating of “Hold” and an average target price 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.

Institutional Ownership by Quarter for Infosys Limited (NYSE:INFY)

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