Regent Peak Wealth Advisors LLC Sells 12,623 Shares of Infosys Limited (NYSE:INFY)

Regent Peak Wealth Advisors LLC lowered its position in Infosys Limited (NYSE:INFY) by 10.1% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 111,940 shares of the technology company’s stock after selling 12,623 shares during the quarter. Regent Peak Wealth Advisors LLC’s holdings in Infosys were worth $2,493,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of INFY. Canada Pension Plan Investment Board increased its position in Infosys by 37.3% in the second quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock worth $401,826,000 after buying an additional 5,862,144 shares during the last quarter. Millennium Management LLC grew its holdings in shares of Infosys by 67.9% during the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock worth $141,532,000 after acquiring an additional 3,074,432 shares during the period. Acadian Asset Management LLC increased its position in Infosys by 106.1% during the 1st quarter. Acadian Asset Management LLC now owns 4,839,764 shares of the technology company’s stock valued at $86,764,000 after buying an additional 2,491,403 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Infosys by 539.8% during the fourth quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company’s stock valued at $36,955,000 after purchasing an additional 1,696,378 shares in the last quarter. Finally, Daiwa Securities Group Inc. increased its position in Infosys by 46.0% during the second quarter. Daiwa Securities Group Inc. now owns 5,234,500 shares of the technology company’s stock valued at $97,467,000 after acquiring an additional 1,648,650 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.

Infosys Trading Down 0.8 %

INFY stock traded down $0.19 during midday trading on Wednesday, reaching $22.83. The company had a trading volume of 2,997,885 shares, compared to its average volume of 9,260,058. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.48. The company has a market capitalization of $94.52 billion, a P/E ratio of 29.99, a PEG ratio of 3.68 and a beta of 0.99. The company has a 50 day moving average of $22.58 and a two-hundred day moving average of $19.89.

Infosys (NYSE:INFY) last released its earnings results on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. Infosys had a net margin of 17.18% and a return on equity of 32.01%. The firm had revenue of $4.71 billion during the quarter, compared to analysts’ expectations of $4.67 billion. During the same period in the prior year, the company earned $0.17 EPS. On average, sell-side analysts anticipate that Infosys Limited will post 0.75 earnings per share for the current year.

Analysts Set New Price Targets

INFY has been the subject of several analyst reports. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, Infosys has an average rating of “Hold” and an average price target of $19.68.

Infosys Company Profile

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.