Goldman Sachs Group Inc. Decreases Holdings in Infosys Limited (NYSE:INFY)

Goldman Sachs Group Inc. cut its stake in Infosys Limited (NYSE:INFYFree Report) by 21.2% during the 4th quarter, HoldingsChannel reports. The firm owned 5,520,993 shares of the technology company’s stock after selling 1,489,760 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Infosys were worth $101,476,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of INFY. GAMMA Investing LLC purchased a new position in shares of Infosys in the fourth quarter valued at $36,000. Planned Solutions Inc. acquired a new stake in shares of Infosys during the fourth quarter valued at about $50,000. Jones Financial Companies Lllp acquired a new stake in shares of Infosys during the fourth quarter valued at about $56,000. EverSource Wealth Advisors LLC lifted its stake in shares of Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Blue Trust Inc. boosted its holdings in Infosys by 61.8% in the fourth quarter. Blue Trust Inc. now owns 9,443 shares of the technology company’s stock valued at $161,000 after purchasing an additional 3,606 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Analyst Ratings Changes

INFY has been the topic of a number of recent analyst reports. HSBC reaffirmed a “hold” rating and issued a $20.10 target price on shares of Infosys in a research report on Friday, April 19th. Susquehanna cut their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, April 19th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. BMO Capital Markets cut their target price on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, April 19th. Finally, Wedbush reiterated an “outperform” rating and issued a $22.00 price target on shares of Infosys in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $19.27.

View Our Latest Stock Report on INFY

Infosys Stock Down 0.9 %

Shares of NYSE:INFY opened at $17.84 on Tuesday. The company has a market cap of $73.86 billion, a PE ratio of 23.47, a P/E/G ratio of 3.32 and a beta of 0.96. Infosys Limited has a fifty-two week low of $15.11 and a fifty-two week high of $20.74. The firm has a 50-day simple moving average of $17.22 and a 200 day simple moving average of $18.38.

Infosys (NYSE:INFYGet Free Report) last posted its earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, research analysts forecast that Infosys Limited will post 0.75 EPS for the current fiscal year.

Infosys Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 31st were given a $0.2035 dividend. This represents a yield of 1.4%. The ex-dividend date was Friday, May 31st. Infosys’s dividend payout ratio is presently 38.16%.

Infosys Company Profile

(Free Report)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.

See Also

Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Limited (NYSE:INFYFree Report).

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.