Theleme Partners LLP Makes New $21.24 Million Investment in Sify Technologies Limited $SIFY

Key Points

• Theleme Partners LLP acquired 1,278,683 Sify Technologies shares worth approximately $21.24 million, representing a 1.77% stake and 1.3% of the fund’s holdings.
• 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 consensus forecast. The company also posted a negative net margin and return on equity.
• Analyst sentiment is negative: Wall Street Zen downgraded the stock to “hold,” Weiss Ratings lowered it to “sell (d-),” and MarketBeat reports an average “Sell” rating.

Theleme Partners LLP acquired a new stake in Sify Technologies Limited (NASDAQ:SIFY - Free Report) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,278,683 shares of the technology company's stock, valued at approximately $21,239,000. Sify Technologies makes up 1.3% of Theleme Partners LLP's holdings, making the stock its 9th biggest holding. Theleme Partners LLP owned 1.77% of Sify Technologies as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Parallel Advisors LLC raised its position in Sify Technologies by 969.1% during the first quarter. Parallel Advisors LLC now owns 1,935 shares of the technology company's stock worth $25,000 after acquiring an additional 1,754 shares during the period. GAMMA Investing LLC raised its holdings in shares of Sify Technologies by 59.3% during the second quarter. GAMMA Investing LLC now owns 2,319 shares of the technology company's stock valued at $39,000 after acquiring an additional 863 shares during the last quarter. XTX Topco Ltd purchased a new position in shares of Sify Technologies in the second quarter valued at approximately $50,000. Renaissance Technologies LLC boosted its stake in shares of Sify Technologies by 22.2% in the fourth quarter. Renaissance Technologies LLC now owns 19,800 shares of the technology company's stock worth $241,000 after acquiring an additional 3,600 shares during the last quarter. Finally, Lighthouse Investment Partners LLC acquired a new stake in shares of Sify Technologies in the third quarter worth approximately $273,000. 0.61% of the stock is owned by institutional investors and hedge funds.

Sify Technologies Stock Performance

Shares of Sify Technologies stock opened at $14.66 on Monday. The business's 50 day moving average price is $15.17 and its 200 day moving average price is $15.01. The company has a current ratio of 0.74, a quick ratio of 0.65 and a debt-to-equity ratio of 1.23. Sify Technologies Limited has a one year low of $7.98 and a one year high of $17.85.

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

Analyst Upgrades and Downgrades

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

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.

Want to see what other hedge funds are holding SIFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Sify Technologies Limited (NASDAQ:SIFY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source