Stack Financial Management Inc Takes $9.14 Million Position in Infosys Ltd (INFY)

Stack Financial Management Inc acquired a new position in shares of Infosys Ltd (NYSE:INFY) in the 3rd quarter, Holdings Channel reports. The firm acquired 898,260 shares of the technology company’s stock, valued at approximately $9,135,000.

Other large investors have also recently made changes to their positions in the company. Genesis Asset Managers LLP increased its stake in shares of Infosys by 19.3% in the 3rd quarter. Genesis Asset Managers LLP now owns 11,462,657 shares of the technology company’s stock valued at $116,575,000 after acquiring an additional 1,857,986 shares during the last quarter. Mondrian Investment Partners LTD grew its position in shares of Infosys by 43.5% in the 3rd quarter. Mondrian Investment Partners LTD now owns 3,454,027 shares of the technology company’s stock valued at $35,127,000 after purchasing an additional 1,046,894 shares during the period. Aperio Group LLC grew its position in shares of Infosys by 54.0% in the 2nd quarter. Aperio Group LLC now owns 2,139,510 shares of the technology company’s stock valued at $41,571,000 after purchasing an additional 749,865 shares during the period. LGT Capital Partners LTD. grew its position in shares of Infosys by 7.8% in the 2nd quarter. LGT Capital Partners LTD. now owns 716,200 shares of the technology company’s stock valued at $13,916,000 after purchasing an additional 51,800 shares during the period. Finally, Manning & Napier Group LLC grew its position in shares of Infosys by 107.0% in the 3rd quarter. Manning & Napier Group LLC now owns 347,204 shares of the technology company’s stock valued at $3,531,000 after purchasing an additional 179,442 shares during the period. 9.74% of the stock is owned by hedge funds and other institutional investors.

NYSE:INFY traded up $0.17 during trading hours on Wednesday, reaching $9.65. 87,449 shares of the stock were exchanged, compared to its average volume of 13,426,485. Infosys Ltd has a twelve month low of $7.16 and a twelve month high of $10.65. The company has a market cap of $40.20 billion, a P/E ratio of 19.29, a price-to-earnings-growth ratio of 1.78 and a beta of 0.42.

Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. Infosys had a return on equity of 24.56% and a net margin of 21.94%. The firm had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, research analysts forecast that Infosys Ltd will post 0.52 EPS for the current year.

The company also recently declared a dividend, which was paid on Friday, October 26th. Shareholders of record on Friday, October 26th were given a dividend of $0.085 per share. The ex-dividend date of this dividend was Thursday, October 25th. Infosys’s dividend payout ratio (DPR) is currently 34.00%.

Several equities analysts recently issued reports on INFY shares. Deutsche Bank started coverage on Infosys in a research report on Thursday, July 12th. They issued a “buy” rating for the company. BMO Capital Markets reiterated a “hold” rating and issued a $11.00 price objective on shares of Infosys in a research report on Wednesday, October 17th. ValuEngine upgraded Infosys from a “sell” rating to a “hold” rating in a research report on Tuesday, October 2nd. Morgan Stanley lowered Infosys from an “overweight” rating to a “hold” rating in a research report on Monday, August 20th. Finally, Cowen boosted their price objective on Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a research report on Monday, July 16th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus target price of $15.26.

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Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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