97,767 Shares in Infosys Limited (NYSE:INFY) Bought by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd bought a new position in shares of Infosys Limited (NYSE:INFY - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 97,767 shares of the technology company's stock, valued at approximately $1,797,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Buckingham Capital Management Inc. lifted its position in Infosys by 0.6% in the 4th quarter. Buckingham Capital Management Inc. now owns 87,324 shares of the technology company's stock valued at $1,605,000 after acquiring an additional 499 shares in the last quarter. HB Wealth Management LLC boosted its position in shares of Infosys by 5.7% during the fourth quarter. HB Wealth Management LLC now owns 10,661 shares of the technology company's stock worth $196,000 after buying an additional 575 shares during the period. Marshall Financial Group LLC grew its holdings in shares of Infosys by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 52,478 shares of the technology company's stock worth $965,000 after buying an additional 622 shares in the last quarter. Knights of Columbus Asset Advisors LLC raised its position in Infosys by 3.2% in the 3rd quarter. Knights of Columbus Asset Advisors LLC now owns 22,100 shares of the technology company's stock valued at $378,000 after buying an additional 680 shares during the last quarter. Finally, Drive Wealth Management LLC raised its position in Infosys by 6.1% in the 4th quarter. Drive Wealth Management LLC now owns 12,354 shares of the technology company's stock valued at $227,000 after buying an additional 707 shares during the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on INFY shares. HSBC reaffirmed a "hold" rating and set a $20.10 price target on shares of Infosys in a research note on Friday, April 19th. Bank of America raised shares of Infosys from a "neutral" rating to a "buy" rating in a research report on Tuesday, April 9th. Guggenheim assumed coverage on shares of Infosys in a research note on Tuesday, March 19th. They set a "neutral" rating and a $20.00 price objective for the company. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research report on Tuesday, March 19th. Finally, Wedbush reissued an "outperform" rating and set a $22.00 price target on shares of Infosys in a research report on Wednesday, March 13th. One investment 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. According to MarketBeat, Infosys presently has an average rating of "Hold" and a consensus price target of $19.27.

Infosys Price Performance

NYSE INFY traded down $0.11 during trading on Friday, reaching $17.13. 7,986,021 shares of the company's stock were exchanged, compared to its average volume of 9,208,716. Infosys Limited has a fifty-two week low of $15.07 and a fifty-two week high of $20.74. The stock has a market capitalization of $70.92 billion, a P/E ratio of 22.54, a PEG ratio of 2.29 and a beta of 0.95. The business has a 50 day moving average price of $17.63 and a 200-day moving average price of $18.35.

Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the previous year, the firm earned $0.18 EPS. On average, analysts forecast that Infosys Limited will post 0.75 earnings per share for the current year.

About Infosys

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.

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