Alps Advisors Inc. boosted its holdings in shares of Infosys Limited (NYSE:INFY) by 8.3% in the third quarter, according to its most recent filing with the SEC. The firm owned 65,287 shares of the technology company’s stock after acquiring an additional 5,000 shares during the period. Alps Advisors Inc.’s holdings in Infosys Limited were worth $953,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Dimensional Fund Advisors LP grew its holdings in Infosys Limited by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,511,257 shares of the technology company’s stock worth $82,747,000 after acquiring an additional 17,578 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its holdings in Infosys Limited by 67.8% during the 2nd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 424,295 shares of the technology company’s stock worth $6,373,000 after acquiring an additional 171,509 shares during the period. Sustainable Growth Advisers LP boosted its position in shares of Infosys Limited by 104.0% during the second quarter. Sustainable Growth Advisers LP now owns 5,361,595 shares of the technology company’s stock worth $80,531,000 after purchasing an additional 2,733,992 shares in the last quarter. Russell Investments Group Ltd. boosted its position in shares of Infosys Limited by 25.0% during the second quarter. Russell Investments Group Ltd. now owns 5,530,402 shares of the technology company’s stock worth $83,089,000 after purchasing an additional 1,105,103 shares in the last quarter. Finally, Seafarer Capital Partners LLC boosted its position in shares of Infosys Limited by 29.1% during the second quarter. Seafarer Capital Partners LLC now owns 9,655,000 shares of the technology company’s stock worth $145,018,000 after purchasing an additional 2,177,500 shares in the last quarter. 19.47% of the stock is owned by hedge funds and other institutional investors.

A number of equities analysts have recently weighed in on the stock. Cowen and Company set a $15.00 price target on shares of Infosys Limited and gave the stock a “hold” rating in a research report on Friday, August 18th. Zacks Investment Research raised shares of Infosys Limited from a “hold” rating to a “buy” rating and set a $17.00 price target on the stock in a research report on Tuesday, September 19th. BMO Capital Markets reissued a “hold” rating and set a $16.00 price target on shares of Infosys Limited in a research report on Friday, August 18th. Stifel Nicolaus reissued a “hold” rating and set a $15.50 price target on shares of Infosys Limited in a research report on Friday, August 18th. Finally, UBS AG cut shares of Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $15.34.

Shares of Infosys Limited (NYSE INFY) opened at $14.80 on Tuesday. The company has a market cap of $34,308.04, a price-to-earnings ratio of 15.47, a P/E/G ratio of 1.63 and a beta of 0.68. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.15.

Infosys Limited (NYSE:INFY) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. Infosys Limited had a net margin of 21.04% and a return on equity of 21.05%. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period in the previous year, the business earned $0.24 EPS. equities analysts predict that Infosys Limited will post 0.98 EPS for the current year.

The firm also recently declared a dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, November 1st were paid a $0.20 dividend. The ex-dividend date of this dividend was Tuesday, October 31st. Infosys Limited’s payout ratio is currently 40.21%.

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About Infosys Limited

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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Institutional Ownership by Quarter for Infosys Limited (NYSE:INFY)

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