Birch Capital Management LLC Cuts Stake in Infosys Limited (NYSE:INFY)

Birch Capital Management LLC lessened its holdings in Infosys Limited (NYSE:INFY) by 5.4% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 257,218 shares of the technology company’s stock after selling 14,756 shares during the quarter. Infosys accounts for 2.8% of Birch Capital Management LLC’s investment portfolio, making the stock its 11th biggest position. Birch Capital Management LLC’s holdings in Infosys were worth $5,638,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the third quarter valued at approximately $33,000. Wilmington Savings Fund Society FSB purchased a new stake in Infosys in the third quarter worth $57,000. Whittier Trust Co. of Nevada Inc. lifted its position in Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after buying an additional 1,005 shares in the last quarter. Finally, Advisor Resource Council purchased a new stake in shares of Infosys in the 3rd quarter worth about $202,000. 16.20% of the stock is owned by institutional investors.

Infosys Stock Down 0.3 %

NYSE:INFY traded down $0.07 during mid-day trading on Tuesday, hitting $22.68. 3,306,393 shares of the company traded hands, compared to its average volume of 4,612,938. The stock’s fifty day moving average price is $22.31 and its 200-day moving average price is $21.96. Infosys Limited has a one year low of $16.04 and a one year high of $23.63. The firm has a market cap of $93.94 billion, a price-to-earnings ratio of 29.08, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same period in the prior year, the company earned $0.18 EPS. Equities analysts predict that Infosys Limited will post 0.75 EPS for the current year.

Infosys Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were given a dividend of $0.2126 per share. This is a boost from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date was Tuesday, October 29th. This represents a yield of 1.1%. Infosys’s dividend payout ratio is presently 53.85%.

Analyst Ratings Changes

A number of equities research analysts have weighed in on INFY shares. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Friday. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.85.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.