Tidal Investments LLC Has $942,000 Stock Position in Infosys Limited (NYSE:INFY)

Tidal Investments LLC raised its position in Infosys Limited (NYSE:INFY) by 31.6% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 42,315 shares of the technology company’s stock after acquiring an additional 10,149 shares during the period. Tidal Investments LLC’s holdings in Infosys were worth $942,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently modified their holdings of INFY. Mizuho Securities Co. Ltd. acquired a new stake in Infosys in the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Infosys by 126.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock valued at $56,000 after buying an additional 1,693 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys during the third quarter worth about $57,000. GAMMA Investing LLC increased its position in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock worth $88,000 after acquiring an additional 1,005 shares in the last quarter. Finally, Ridgewood Investments LLC acquired a new stake in shares of Infosys in the 2nd quarter worth about $162,000. Institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on INFY. BMO Capital Markets boosted their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $20.85.

Infosys Price Performance

NYSE INFY opened at $23.42 on Friday. The business’s fifty day moving average is $22.31 and its 200-day moving average is $21.50. The stock has a market capitalization of $97.00 billion, a price-to-earnings ratio of 30.03, a PEG ratio of 3.77 and a beta of 1.00. Infosys Limited has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The business had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Research analysts expect that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were issued a dividend of $0.2126 per share. This represents a yield of 1.1%. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. Infosys’s dividend payout ratio is 53.85%.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.