Baader Bank Aktiengesellschaft Makes New Investment in Infosys Limited (NYSE:INFY)

Baader Bank Aktiengesellschaft purchased a new stake in Infosys Limited (NYSE:INFY) in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 28,738 shares of the technology company’s stock, valued at approximately $529,000.

Several other hedge funds have also recently bought and sold shares of INFY. Acadian Asset Management LLC boosted its holdings in Infosys by 106.1% in the first quarter. Acadian Asset Management LLC now owns 4,839,764 shares of the technology company’s stock valued at $86,764,000 after acquiring an additional 2,491,403 shares during the last quarter. Wellington Management Group LLP increased its position in shares of Infosys by 539.8% during the fourth quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company’s stock worth $36,955,000 after acquiring an additional 1,696,378 shares during the last quarter. Daiwa Securities Group Inc. increased its position in shares of Infosys by 76.1% during the first quarter. Daiwa Securities Group Inc. now owns 3,585,850 shares of the technology company’s stock worth $64,294,000 after acquiring an additional 1,549,650 shares during the last quarter. BNP Paribas Financial Markets increased its position in shares of Infosys by 49.3% during the first quarter. BNP Paribas Financial Markets now owns 3,741,065 shares of the technology company’s stock worth $67,077,000 after acquiring an additional 1,235,140 shares during the last quarter. Finally, Franklin Resources Inc. increased its position in shares of Infosys by 20.7% during the fourth quarter. Franklin Resources Inc. now owns 6,719,669 shares of the technology company’s stock worth $123,508,000 after acquiring an additional 1,150,885 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INFY. Susquehanna reduced their price objective on Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a research report on Friday, April 19th. HSBC restated a “hold” rating and issued a $20.10 target price on shares of Infosys in a research report on Friday, April 19th. BMO Capital Markets cut their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 19th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, August 8th. Finally, Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $19.27.

Infosys Price Performance

Shares of NYSE INFY traded up $0.09 during midday trading on Thursday, reaching $21.84. 6,838,187 shares of the stock were exchanged, compared to its average volume of 9,840,875. The business has a 50-day simple moving average of $19.97 and a two-hundred day simple moving average of $18.90. The company has a market capitalization of $90.42 billion, a price-to-earnings ratio of 28.71, a P/E/G ratio of 3.53 and a beta of 0.98. Infosys Limited has a 12 month low of $16.04 and a 12 month high of $22.94.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, hitting the consensus estimate of $0.18. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.67 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same period in the previous year, the business earned $0.17 EPS. Equities research analysts expect that Infosys Limited will post 0.75 earnings per share for the current fiscal year.

Infosys Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were paid a dividend of $0.2035 per share. This represents a yield of 1.4%. The ex-dividend date was Friday, May 31st. Infosys’s dividend payout ratio is presently 36.84%.

About Infosys

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.