Mondrian Investment Partners LTD Acquires 3,541,514 Shares of Infosys Limited (INFY)

Mondrian Investment Partners LTD lifted its holdings in shares of Infosys Limited (NYSE:INFY) by 67.4% in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 8,792,515 shares of the technology company’s stock after buying an additional 3,541,514 shares during the period. Infosys Limited accounts for approximately 3.3% of Mondrian Investment Partners LTD’s holdings, making the stock its 9th biggest position. Mondrian Investment Partners LTD owned 0.38% of Infosys Limited worth $128,283,000 as of its most recent SEC filing.

Several other large investors have also made changes to their positions in the stock. The Manufacturers Life Insurance Company grew its position in shares of Infosys Limited by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock valued at $282,000 after buying an additional 395 shares during the last quarter. Wetherby Asset Management Inc. grew its position in shares of Infosys Limited by 1.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 40,994 shares of the technology company’s stock valued at $616,000 after buying an additional 464 shares during the last quarter. Sumitomo Life Insurance Co. grew its position in shares of Infosys Limited by 3.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,040 shares of the technology company’s stock valued at $226,000 after buying an additional 500 shares during the last quarter. Creative Planning grew its position in shares of Infosys Limited by 2.1% during the 2nd quarter. Creative Planning now owns 24,672 shares of the technology company’s stock valued at $371,000 after buying an additional 513 shares during the last quarter. Finally, M&T Bank Corp grew its position in shares of Infosys Limited by 0.9% during the 2nd quarter. M&T Bank Corp now owns 68,760 shares of the technology company’s stock valued at $1,033,000 after buying an additional 590 shares during the last quarter. 19.70% of the stock is owned by institutional investors and hedge funds.

A number of brokerages recently weighed in on INFY. BMO Capital Markets reaffirmed a “hold” rating and set a $16.00 price objective on shares of Infosys Limited in a research report on Friday, August 18th. UBS AG cut shares of Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. BidaskClub cut shares of Infosys Limited from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research upgraded shares of Infosys Limited from a “sell” rating to a “hold” rating and set a $18.00 target price for the company in a research report on Monday, July 17th. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $15.00 target price on shares of Infosys Limited in a research report on Friday, July 14th. Three research analysts have rated the stock with a sell rating, eleven have issued a hold rating and two have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.34.

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Infosys Limited (INFY) traded up $0.17 during trading on Monday, hitting $14.80. 1,359,496 shares of the stock traded hands, compared to its average volume of 5,483,615. The company has a market capitalization of $33,439.48, a PE ratio of 15.08, a PEG ratio of 1.59 and a beta of 0.68. Infosys Limited has a twelve month low of $13.42 and a twelve month high of $16.15.

Infosys Limited (NYSE:INFY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, beating the consensus estimate of $0.24 by $0.01. Infosys Limited had a net margin of 21.04% and a return on equity of 21.05%. The business had revenue of $2.73 billion during the quarter, compared to analyst estimates of $2.78 billion. During the same period in the prior year, the business earned $0.24 earnings per share. analysts expect that Infosys Limited will post 0.98 earnings per share for the current year.

The firm also recently announced a dividend, which was paid on Wednesday, November 1st. Investors of record on Wednesday, November 1st were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Infosys Limited’s dividend payout ratio is presently 42.27%.

Infosys Limited 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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