Regent Peak Wealth Advisors LLC Sells 88,591 Shares of Infosys Limited (NYSE:INFY)

Regent Peak Wealth Advisors LLC reduced its position in Infosys Limited (NYSE:INFY) by 79.1% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 23,349 shares of the technology company’s stock after selling 88,591 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Infosys were worth $512,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of the company. Mizuho Securities Co. Ltd. purchased a new stake in Infosys in the 3rd quarter worth approximately $33,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the third quarter worth $57,000. Whittier Trust Co. of Nevada Inc. raised its position in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after buying an additional 766 shares in the last quarter. GAMMA Investing LLC boosted its stake in Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after buying an additional 1,005 shares during the period. Finally, Advisor Resource Council purchased a new position in Infosys during the third quarter worth about $202,000. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

INFY has been the topic of several recent analyst reports. Investec cut Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Friday. Two analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.85.

Infosys Stock Performance

NYSE:INFY traded down $0.03 during trading hours on Tuesday, reaching $22.72. The company’s stock had a trading volume of 2,657,389 shares, compared to its average volume of 4,460,115. The firm has a market capitalization of $94.10 billion, a price-to-earnings ratio of 29.13, a PEG ratio of 3.77 and a beta of 1.00. The firm has a 50-day simple moving average of $22.31 and a 200-day simple moving average of $21.96. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

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

Infosys Increases Dividend

The company also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were issued a dividend of $0.2126 per share. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. This represents a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, October 29th. Infosys’s dividend payout ratio is currently 53.85%.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.