1,278,683 Shares in Sify Technologies Limited $SIFY Acquired by Theleme Partners LLP

Theleme Partners LLP acquired a new position in Sify Technologies Limited (NASDAQ:SIFY) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 1,278,683 shares of the technology company’s stock, valued at approximately $21,239,000. Sify Technologies accounts for 1.3% of Theleme Partners LLP’s portfolio, making the stock its 9th largest holding.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC lifted its stake in shares of Sify Technologies by 969.1% in the 1st quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company’s stock valued at $25,000 after purchasing an additional 1,754 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Sify Technologies by 59.3% during the 2nd quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company’s stock worth $39,000 after purchasing an additional 863 shares during the last quarter. XTX Topco Ltd acquired a new stake in shares of Sify Technologies during the 2nd quarter worth about $50,000. Renaissance Technologies LLC raised its holdings in Sify Technologies by 22.2% in the 4th quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company’s stock valued at $241,000 after buying an additional 3,600 shares during the period. Finally, Lighthouse Investment Partners LLC purchased a new stake in Sify Technologies in the 3rd quarter valued at about $273,000. Institutional investors and hedge funds own 0.61% of the company’s stock.

Sify Technologies Stock Performance

Shares of Sify Technologies stock opened at $14.66 on Monday. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.65 and a current ratio of 0.74. The company has a fifty day simple moving average of $15.17 and a 200-day simple moving average of $15.01. Sify Technologies Limited has a 12-month low of $7.98 and a 12-month high of $17.85.

Sify Technologies (NASDAQ:SIFY) last announced its quarterly earnings results on Thursday, July 16th. The technology company reported $0.01 EPS for the quarter, hitting the consensus estimate of $0.01. Sify Technologies had a negative net margin of 1.97% and a negative return on equity of 9.65%. The firm had revenue of $130.13 million for the quarter, compared to analyst estimates of $188.23 million. As a group, equities analysts expect that Sify Technologies Limited will post 0.02 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on SIFY. Wall Street Zen cut shares of Sify Technologies from a “buy” rating to a “hold” rating in a research report on Saturday, August 8th. Weiss Ratings lowered Sify Technologies from a “sell (d+)” rating to a “sell (d-)” rating in a report on Monday, June 29th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, the company presently has a consensus rating of “Sell”.

About Sify Technologies

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company’s core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify’s end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.