Todays Report: The Infosys Ltd. (INFY) Announces $0.17 Dividend

The Infosys Ltd. (INFY) Announces $0.17 Dividend

Infosys Ltd. (NYSE:INFY) announced a dividend on Friday, October 14th. Stockholders of record on Monday, October 24th will be given a dividend of 0.17 per share on Wednesday, October 26th. The ex-dividend date of this dividend is Thursday, October 20th.

Shares of Infosys (NYSE:INFY) opened at 16.65 on Friday. Infosys has a 52-week low of $15.48 and a 52-week high of $20.47. The stock’s 50 day moving average price is $16.02 and its 200-day moving average price is $17.52. The firm has a market capitalization of $38.06 billion, a PE ratio of 18.30 and a beta of 1.07.

Infosys (NYSE:INFY) last issued its earnings results on Friday, October 14th. The company reported $0.24 EPS for the quarter, hitting analysts’ consensus estimates of $0.24. The firm earned $2.59 billion during the quarter, compared to the consensus estimate of $2.60 billion. Infosys had a net margin of 21.41% and a return on equity of 23.24%. During the same quarter in the previous year, the firm posted $0.23 earnings per share. Equities research analysts anticipate that Infosys will post $0.95 EPS for the current fiscal year.

A number of equities analysts recently commented on INFY shares. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $20.00 target price for the company in a research note on Friday, June 17th. Oppenheimer Holdings Inc. restated a “hold” rating on shares of Infosys in a research note on Friday, July 15th. Wells Fargo & Co. restated a “hold” rating on shares of Infosys in a research note on Tuesday, August 16th. HSBC downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Finally, Cantor Fitzgerald restated a “hold” rating on shares of Infosys in a research note on Monday, August 8th. Thirteen equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average price target of $17.97.

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Peapack Gladstone Financial Corp boosted its position in Infosys by 17.3% in the second quarter. Peapack Gladstone Financial Corp now owns 14,920 shares of the company’s stock valued at $266,000 after buying an additional 2,200 shares in the last quarter. Paloma Partners Management Co boosted its position in Infosys by 60.4% in the second quarter. Paloma Partners Management Co now owns 16,336 shares of the company’s stock valued at $292,000 after buying an additional 6,149 shares in the last quarter. US Bancorp DE boosted its position in Infosys by 14.0% in the second quarter. US Bancorp DE now owns 18,122 shares of the company’s stock valued at $323,000 after buying an additional 2,222 shares in the last quarter. Wetherby Asset Management Inc. boosted its position in Infosys by 5.0% in the second quarter. Wetherby Asset Management Inc. now owns 32,901 shares of the company’s stock valued at $587,000 after buying an additional 1,572 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in Infosys by 15.5% in the second quarter. Mirae Asset Global Investments Co. Ltd. now owns 37,028 shares of the company’s stock valued at $661,000 after buying an additional 4,966 shares in the last quarter. 17.61% of the stock is owned by hedge funds and other institutional investors.

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