Allianz Asset Management GmbH Makes New $1.26 Million Investment in Sify Technologies Limited $SIFY

Key Points

• Allianz Asset Management initiated a $1.26 million position in Sify Technologies, acquiring 75,987 shares, while other institutional investors also increased their holdings. Institutional ownership remains low at 0.61%.
• Analyst sentiment is negative: Weiss Ratings downgraded the stock to “sell,” Wall Street Zen moved it to “hold,” and the overall analyst consensus is “Sell.”
• Sify reported quarterly EPS of $0.01, in line with estimates, but revenue of $130.13 million fell well short of the $188.23 million forecast. The company also posted a negative net margin of 1.97% and negative return on equity of 9.65%.

Allianz Asset Management GmbH bought a new stake in shares of Sify Technologies Limited (NASDAQ:SIFY - Free Report) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 75,987 shares of the technology company's stock, valued at approximately $1,262,000. Allianz Asset Management GmbH owned 0.10% of Sify Technologies at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Theleme Partners LLP bought a new stake in shares of Sify Technologies in the 2nd quarter valued at about $21,239,000. GAMMA Investing LLC grew its holdings in shares of Sify Technologies by 59.3% in the 2nd quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company's stock valued at $39,000 after buying an additional 863 shares during the period. Parallel Advisors LLC grew its holdings in shares of Sify Technologies by 969.1% in the 1st quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company's stock valued at $25,000 after buying an additional 1,754 shares during the period. Liontrust Investment Partners LLP increased its position in shares of Sify Technologies by 6.2% in the 1st quarter. Liontrust Investment Partners LLP now owns 135,109 shares of the technology company's stock valued at $1,728,000 after buying an additional 7,850 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC bought a new stake in shares of Sify Technologies in the 4th quarter valued at $400,000. Institutional investors and hedge funds own 0.61% of the company's stock.

Analysts Set New Price Targets

Several research analysts have weighed in on the company. Weiss Ratings lowered Sify Technologies from a "sell (d+)" rating to a "sell (d-)" rating in a report on Monday, June 29th. Wall Street Zen downgraded Sify Technologies from a "buy" rating to a "hold" rating in a report on Saturday, August 8th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the stock has an average rating of "Sell".

Sify Technologies Stock Performance

NASDAQ:SIFY opened at $14.30 on Thursday. Sify Technologies Limited has a twelve month low of $10.09 and a twelve month high of $17.85. The company has a quick ratio of 0.65, a current ratio of 0.74 and a debt-to-equity ratio of 1.23. The business has a 50 day moving average price of $14.84 and a two-hundred day moving average price of $14.98.

Sify Technologies (NASDAQ:SIFY - Get Free Report) last announced its quarterly earnings data on Thursday, July 16th. The technology company reported $0.01 EPS for the quarter, hitting analysts' consensus estimates of $0.01. Sify Technologies had a negative net margin of 1.97% and a negative return on equity of 9.65%. The business had revenue of $130.13 million for the quarter, compared to analyst estimates of $188.23 million. Equities analysts predict that Sify Technologies Limited will post 0.02 earnings per share for the current year.

Sify Technologies Profile

Sify Technologies Limited is an India‐based provider of integrated information and communications technology solutions, catering primarily to enterprise and government clients. The company's core offerings include network services, data center hosting, cloud computing, managed security, unified communications, and digital transformation solutions. Sify's end-to-end portfolio is designed to support critical IT infrastructure, enabling clients to scale operations, improve reliability, and accelerate technology adoption.

In the networking domain, Sify operates a nationwide IP‐MPLS backbone with extensive fiber infrastructure and a global internet peering footprint.

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