Pendal Group Ltd Acquires 67,877 Shares of Infosys Limited (NYSE:INFY)

Pendal Group Ltd grew its holdings in Infosys Limited (NYSE:INFYGet Rating) by 15.7% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 498,975 shares of the technology company’s stock after purchasing an additional 67,877 shares during the quarter. Pendal Group Ltd’s holdings in Infosys were worth $12,487,000 at the end of the most recent reporting period.

Other large investors have also bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in shares of Infosys by 16.0% during the 4th quarter. JPMorgan Chase & Co. now owns 63,971,848 shares of the technology company’s stock worth $1,619,125,000 after acquiring an additional 8,841,879 shares in the last quarter. GQG Partners LLC raised its stake in shares of Infosys by 13.4% during the 4th quarter. GQG Partners LLC now owns 65,512,222 shares of the technology company’s stock worth $1,657,886,000 after acquiring an additional 7,753,476 shares in the last quarter. Schroder Investment Management Group raised its stake in shares of Infosys by 83.0% during the 4th quarter. Schroder Investment Management Group now owns 16,561,945 shares of the technology company’s stock worth $419,182,000 after acquiring an additional 7,511,264 shares in the last quarter. LMR Partners LLP raised its stake in shares of Infosys by 235.2% during the 4th quarter. LMR Partners LLP now owns 2,321,147 shares of the technology company’s stock worth $58,803,000 after acquiring an additional 1,628,588 shares in the last quarter. Finally, Goldman Sachs Group Inc. raised its stake in shares of Infosys by 9.0% during the 4th quarter. Goldman Sachs Group Inc. now owns 19,626,253 shares of the technology company’s stock worth $496,740,000 after acquiring an additional 1,615,006 shares in the last quarter. Institutional investors and hedge funds own 15.42% of the company’s stock.

Shares of NYSE INFY opened at $18.67 on Wednesday. The company’s fifty day moving average price is $19.01 and its 200 day moving average price is $21.95. Infosys Limited has a 1 year low of $17.52 and a 1 year high of $26.39. The company has a market capitalization of $78.25 billion, a PE ratio of 26.67, a price-to-earnings-growth ratio of 2.44 and a beta of 0.99.

Infosys (NYSE:INFYGet Rating) last announced its quarterly earnings results on Wednesday, April 13th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.01). The firm had revenue of $4.28 billion for the quarter, compared to analysts’ expectations of $4.30 billion. Infosys had a return on equity of 30.72% and a net margin of 18.17%. During the same period last year, the company posted $0.16 earnings per share. As a group, equities analysts predict that Infosys Limited will post 0.77 earnings per share for the current fiscal year.

The business also recently disclosed a Semi-Annual dividend, which was paid on Thursday, June 30th. Shareholders of record on Wednesday, June 1st were given a dividend of $0.171 per share. The ex-dividend date of this dividend was Tuesday, May 31st. This is a boost from Infosys’s previous Semi-Annual dividend of $0.14. Infosys’s dividend payout ratio is currently 48.57%.

INFY has been the topic of several research analyst reports. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Tuesday, May 31st. Macquarie assumed coverage on shares of Infosys in a research report on Monday, April 11th. They set an “outperform” rating on the stock. BMO Capital Markets dropped their price objective on shares of Infosys from $28.00 to $25.00 and set a “market perform” rating on the stock in a report on Thursday, April 14th. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. Finally, Stifel Nicolaus dropped their price objective on shares of Infosys to $23.00 in a report on Wednesday, April 13th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $26.75.

Infosys Company Profile (Get Rating)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, support and integration, and business process management services.

See Also

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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