Atria Investments Inc Has $1.06 Million Holdings in Infosys Limited (NYSE:INFY)

Atria Investments Inc decreased its position in shares of Infosys Limited (NYSE:INFY) by 24.5% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 47,643 shares of the technology company’s stock after selling 15,434 shares during the quarter. Atria Investments Inc’s holdings in Infosys were worth $1,061,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of INFY. International Assets Investment Management LLC acquired a new position in shares of Infosys during the 3rd quarter worth $16,560,000. Baader Bank Aktiengesellschaft acquired a new position in Infosys during the second quarter worth about $529,000. Panagora Asset Management Inc. raised its stake 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 acquiring an additional 348,018 shares in the last quarter. SG Americas Securities LLC bought a new position in shares of Infosys in the first quarter worth about $435,000. Finally, Millennium Management LLC boosted its stake in shares of Infosys by 67.9% in the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after purchasing an additional 3,074,432 shares in the last quarter. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

INFY has been the subject of a number of research analyst reports. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Tuesday, November 12th. BMO Capital Markets raised their price objective on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a report on Friday, October 18th. Finally, Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, Infosys currently has a consensus rating of “Hold” and a consensus price target of $20.85.

Infosys Trading Down 1.3 %

Shares of INFY opened at $21.53 on Monday. The company has a market capitalization of $89.17 billion, a PE ratio of 27.60, a PEG ratio of 3.48 and a beta of 1.00. The stock’s 50-day moving average price is $22.33 and its two-hundred day moving average price is $20.61. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $23.48.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same period in the previous year, the firm earned $0.18 earnings per share. Equities research analysts predict that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were given a dividend of $0.2126 per share. 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 is 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.