Deltec Asset Management LLC Has $1.28 Million Stake in Infosys Limited (NYSE:INFY)

Deltec Asset Management LLC lowered its holdings in shares of Infosys Limited (NYSE:INFY) by 59.4% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 57,500 shares of the technology company’s stock after selling 84,000 shares during the period. Deltec Asset Management LLC’s holdings in Infosys were worth $1,281,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INFY. Canada Pension Plan Investment Board grew its position in Infosys by 37.3% in the second quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock valued at $401,826,000 after acquiring an additional 5,862,144 shares during the period. Millennium Management LLC increased 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 worth $141,532,000 after purchasing an additional 3,074,432 shares in the last quarter. Acadian Asset Management LLC lifted its holdings in Infosys by 106.1% during the 1st quarter. Acadian Asset Management LLC now owns 4,839,764 shares of the technology company’s stock valued at $86,764,000 after purchasing an additional 2,491,403 shares during the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Infosys by 46.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,234,500 shares of the technology company’s stock worth $97,467,000 after purchasing an additional 1,648,650 shares in the last quarter. Finally, BNP Paribas Financial Markets grew its stake 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 valued at $67,077,000 after purchasing an additional 1,235,140 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Performance

Shares of INFY opened at $21.76 on Wednesday. The stock has a 50 day simple moving average of $22.70 and a 200 day simple moving average of $20.20. Infosys Limited has a 52-week low of $16.04 and a 52-week high of $23.48. The firm has a market capitalization of $90.09 billion, a PE ratio of 28.63, a P/E/G ratio of 3.57 and a beta of 0.99.

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. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter in the previous year, the business posted $0.18 EPS. Equities research analysts predict that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The firm 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 of this dividend was Tuesday, October 29th. This represents a yield of 1.1%. This is an increase from Infosys’s previous semi-annual dividend of $0.20. Infosys’s dividend payout ratio (DPR) is 55.26%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on INFY shares. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Monday, October 21st. BMO Capital Markets increased their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Finally, Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Two research analysts have rated the stock with a sell rating, five have given a hold rating and six have issued 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 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.