Quantbot Technologies LP Invests $2.72 Million in Infosys Limited (NYSE:INFY)

Quantbot Technologies LP purchased a new stake in Infosys Limited (NYSE:INFY) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 122,290 shares of the technology company’s stock, valued at approximately $2,723,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INFY. International Assets Investment Management LLC purchased a new stake in shares of Infosys during the 3rd quarter worth $16,560,000. Baader Bank Aktiengesellschaft acquired a new stake in shares of Infosys in the second quarter valued at about $529,000. Panagora Asset Management Inc. boosted its holdings in Infosys by 52.5% during the second quarter. Panagora Asset Management Inc. now owns 1,010,512 shares of the technology company’s stock worth $18,816,000 after buying an additional 348,018 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in Infosys by 186.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock worth $48,697,000 after buying an additional 1,422,814 shares during the period. Finally, Millennium Management LLC lifted its position in shares of Infosys by 67.9% during the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after acquiring an additional 3,074,432 shares during the period. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Performance

Shares of NYSE INFY opened at $22.74 on Thursday. The firm has a market cap of $94.19 billion, a P/E ratio of 29.15, a price-to-earnings-growth ratio of 3.69 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48. The firm’s 50 day moving average price is $22.24 and its 200 day moving average price is $20.89.

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

Infosys Increases Dividend

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

Wall Street Analysts Forecast Growth

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

Infosys 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.