GHP Investment Advisors Inc. Acquires 12,588 Shares of Infosys Ltd (NYSE:INFY)

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GHP Investment Advisors Inc. raised its stake in shares of Infosys Ltd (NYSE:INFY) by 100.0% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 25,176 shares of the technology company’s stock after purchasing an additional 12,588 shares during the period. GHP Investment Advisors Inc.’s holdings in Infosys were worth $256,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Naples Global Advisors LLC boosted its stake in shares of Infosys by 2.7% during the second quarter. Naples Global Advisors LLC now owns 96,260 shares of the technology company’s stock valued at $1,870,000 after purchasing an additional 2,525 shares in the last quarter. OLD National Bancorp IN boosted its stake in shares of Infosys by 22.3% during the second quarter. OLD National Bancorp IN now owns 14,646 shares of the technology company’s stock valued at $285,000 after purchasing an additional 2,671 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its stake in shares of Infosys by 269.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,540 shares of the technology company’s stock valued at $108,000 after purchasing an additional 4,040 shares in the last quarter. Baldwin Investment Management LLC boosted its stake in shares of Infosys by 11.9% during the second quarter. Baldwin Investment Management LLC now owns 41,431 shares of the technology company’s stock valued at $805,000 after purchasing an additional 4,400 shares in the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in shares of Infosys by 70.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,277 shares of the technology company’s stock valued at $219,000 after purchasing an additional 4,680 shares in the last quarter. 9.74% of the stock is owned by institutional investors and hedge funds.

Shares of Infosys stock traded down $0.02 during trading on Friday, hitting $9.49. 5,318,641 shares of the company’s stock were exchanged, compared to its average volume of 12,489,698. Infosys Ltd has a 52-week low of $7.16 and a 52-week high of $10.65. The stock has a market cap of $41.77 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 1.85 and a beta of 0.42.

Infosys (NYSE:INFY) last issued its earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter last year, the company posted $0.13 earnings per share. On average, analysts predict that Infosys Ltd will post 0.52 earnings per share for the current fiscal year.

The firm also recently announced a dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 26th were issued a dividend of $0.085 per share. The ex-dividend date was Thursday, October 25th. Infosys’s dividend payout ratio (DPR) is presently 34.00%.

INFY has been the topic of a number of recent research reports. BMO Capital Markets reiterated a “hold” rating and set a $11.00 price objective on shares of Infosys in a research note on Wednesday, October 17th. ValuEngine upgraded shares of Infosys from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Morgan Stanley downgraded shares of Infosys from an “overweight” rating to a “hold” rating in a research note on Monday, August 20th. Cowen raised their target price on shares of Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Finally, Goldman Sachs Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 target price for the company. in a research note on Wednesday, October 17th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have given a buy rating to the stock. Infosys currently has a consensus rating of “Hold” and an average target price of $15.26.

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Infosys Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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