Infosys Ltd (INFY) Shares Bought by Sompo Japan Nipponkoa Asset Management CO. LTD.

Sompo Japan Nipponkoa Asset Management CO. LTD. increased its holdings in shares of Infosys Ltd (NYSE:INFY) by 109.7% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 42,480 shares of the technology company’s stock after purchasing an additional 22,220 shares during the period. Sompo Japan Nipponkoa Asset Management CO. LTD.’s holdings in Infosys were worth $432,000 as of its most recent filing with the SEC.

Other institutional investors have also bought and sold shares of the company. Naples Global Advisors LLC boosted its holdings in shares of Infosys by 2.7% during the second quarter. Naples Global Advisors LLC now owns 96,260 shares of the technology company’s stock worth $1,870,000 after acquiring an additional 2,525 shares during the period. OLD National Bancorp IN boosted its holdings in shares of Infosys by 22.3% during the second quarter. OLD National Bancorp IN now owns 14,646 shares of the technology company’s stock worth $285,000 after acquiring an additional 2,671 shares during the period. Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Infosys by 269.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,540 shares of the technology company’s stock worth $108,000 after acquiring an additional 4,040 shares during the period. Baldwin Investment Management LLC boosted its holdings in shares of Infosys by 11.9% during the second quarter. Baldwin Investment Management LLC now owns 41,431 shares of the technology company’s stock worth $805,000 after acquiring an additional 4,400 shares during the period. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in shares of Infosys by 70.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,277 shares of the technology company’s stock worth $219,000 after acquiring an additional 4,680 shares during the period. Institutional investors and hedge funds own 9.74% of the company’s stock.

NYSE INFY opened at $9.49 on Friday. Infosys Ltd has a 1-year low of $7.16 and a 1-year high of $10.65. The company has a market capitalization of $41.77 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.85 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, meeting analysts’ consensus estimates of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the previous year, the business earned $0.13 earnings per share. Analysts predict that Infosys Ltd will post 0.52 EPS for the current year.

The firm also recently declared a dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 26th were given a $0.085 dividend. The ex-dividend date of this dividend was Thursday, October 25th. Infosys’s payout ratio is 34.00%.

A number of equities research analysts have recently issued reports on INFY shares. Robert W. Baird boosted their price objective on Infosys from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, September 14th. ValuEngine cut Infosys from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Cowen boosted their price objective on Infosys from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. Morgan Stanley cut Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. Finally, Goldman Sachs Group cut Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Wednesday, October 17th. Five investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and three have given a buy rating to the company. Infosys presently has an average rating of “Hold” and a consensus target price of $15.26.

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About Infosys

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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