Boston Partners Buys New Stake in Infosys Limited (INFY)

Boston Partners bought a new position in shares of Infosys Limited (NYSE:INFY) in the 3rd quarter, according to its most recent 13F filing with the SEC. The fund bought 243,586 shares of the technology company’s stock, valued at approximately $3,554,000.

Other institutional investors also recently bought and sold shares of the company. Dimensional Fund Advisors LP lifted its holdings in shares of 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 valued at $82,747,000 after purchasing an additional 17,578 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp lifted its holdings in shares of 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 valued at $6,373,000 after purchasing an additional 171,509 shares in the last quarter. Sustainable Growth Advisers LP lifted its holdings in shares of Infosys Limited by 104.0% during the 2nd quarter. Sustainable Growth Advisers LP now owns 5,361,595 shares of the technology company’s stock valued at $80,531,000 after purchasing an additional 2,733,992 shares in the last quarter. Russell Investments Group Ltd. lifted its holdings in shares of Infosys Limited by 25.0% during the 2nd quarter. Russell Investments Group Ltd. now owns 5,530,402 shares of the technology company’s stock valued at $83,089,000 after purchasing an additional 1,105,103 shares in the last quarter. Finally, Seafarer Capital Partners LLC lifted its holdings in shares of Infosys Limited by 29.1% during the 2nd quarter. Seafarer Capital Partners LLC now owns 9,655,000 shares of the technology company’s stock valued at $145,018,000 after purchasing an additional 2,177,500 shares in the last quarter. Institutional investors own 19.47% of the company’s stock.

Infosys Limited (NYSE:INFY) opened at $15.19 on Friday. Infosys Limited has a 1-year low of $13.42 and a 1-year high of $16.15. The firm has a market capitalization of $34,719.46, a P/E ratio of 15.66, a P/E/G ratio of 1.65 and a beta of 0.68.

Infosys Limited (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. Infosys Limited had a return on equity of 21.05% and a net margin of 21.04%. 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 prior year, the firm posted $0.24 EPS. equities research analysts anticipate that Infosys Limited will post 0.98 EPS for the current year.

The business also recently announced a dividend, which was paid on Wednesday, November 1st. Stockholders of record on Wednesday, November 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Infosys Limited’s payout ratio is 40.21%.

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Several equities analysts have recently weighed in on the company. BidaskClub cut Infosys Limited from a “sell” rating to a “strong sell” rating in a report on Saturday, November 4th. Stifel Nicolaus restated a “hold” rating on shares of Infosys Limited in a research note on Thursday, October 26th. Oppenheimer Holdings, Inc. restated a “hold” rating on shares of Infosys Limited in a research note on Tuesday, October 24th. Cowen and Company restated a “hold” rating and issued a $15.00 target price on shares of Infosys Limited in a research note on Thursday, October 12th. Finally, Zacks Investment Research cut Infosys Limited from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. 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. Infosys Limited currently has an average rating of “Hold” and an average price target of $15.34.

Infosys Limited Company Profile

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.

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

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