Euro Pacific Asset Management LLC Sells 46,194 Shares of Infosys Limited (NYSE:INFY)

Euro Pacific Asset Management LLC trimmed its stake in shares of Infosys Limited (NYSE:INFY) by 40.7% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 67,326 shares of the technology company’s stock after selling 46,194 shares during the period. Euro Pacific Asset Management LLC’s holdings in Infosys were worth $1,502,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of INFY. International Assets Investment Management LLC acquired a new stake in Infosys in the third quarter valued at $16,560,000. Baader Bank Aktiengesellschaft bought a new stake in shares of Infosys during the 2nd quarter worth approximately $529,000. US Bancorp DE boosted its holdings in shares of Infosys by 36.5% in the 1st quarter. US Bancorp DE now owns 188,338 shares of the technology company’s stock valued at $3,377,000 after purchasing an additional 50,399 shares in the last quarter. Panagora Asset Management Inc. grew its position in Infosys by 52.5% in the second quarter. Panagora Asset Management Inc. now owns 1,010,512 shares of the technology company’s stock valued at $18,816,000 after acquiring an additional 348,018 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Infosys during the 1st quarter worth approximately $435,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analyst Ratings Changes

INFY has been the subject of a number of recent research reports. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Tuesday. BMO Capital Markets upped their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Finally, Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $20.85.

Infosys Price Performance

Shares of NYSE:INFY opened at $21.53 on Friday. Infosys Limited has a one year low of $16.04 and a one year high of $23.48. The firm has a fifty day moving average price of $22.33 and a two-hundred day moving average price of $20.56. The company has a market cap of $89.15 billion, a price-to-earnings ratio of 27.60, a PEG ratio of 3.56 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates 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 previous year, the business posted $0.18 earnings per share. Equities research analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

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