12876 Shares in Infosys Limited (NYSE:INFY) Acquired by OLD National Bancorp IN

OLD National Bancorp IN purchased a new position in shares of Infosys Limited (NYSE:INFY – Get Rating) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 12,876 shares of the technology company’s stock, valued at approximately $320,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Professional Financial Advisors LLC grew its position in Infosys by 160.1% during the 1st quarter. Professional Financial Advisors LLC now owns 1,056 shares of the technology company’s stock worth $26,000 after acquiring an additional 650 shares during the last quarter. Prospera Financial Services Inc bought a new stake in shares of Infosys in the 1st quarter worth approximately $26,000. JFS Wealth Advisors LLC bought a new stake in shares of Infosys in the 4th quarter worth approximately $27,000. Bellevue Group AG bought a new stake in shares of Infosys in the 4th quarter worth approximately $29,000. Finally, EverSource Wealth Advisors LLC bought a new stake in shares of Infosys in the 4th quarter worth approximately $49,000. 15.42% of the stock is currently owned by institutional investors.

Infosys Stock Down 0.2 %

Shares of NYSE:INFY opened at $20.11 on Friday. The firm’s 50 day moving average price is $18.87 and its 200-day moving average price is $20.90. Infosys Limited has a twelve month low of $17.52 and a twelve month high of $26.39. The stock has a market capitalization of $84.60 billion, a PE ratio of 29.15, a price-to-earnings-growth ratio of 2.80 and a beta of 0.96.

Infosys Increases Dividend

The firm also recently disclosed a Semi-Annual dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were paid a $0.171 dividend. The ex-dividend date of this dividend was Tuesday, May 31st. This is a boost from Infosys’s previous Semi-Annual dividend of $0.14. Infosys’s dividend payout ratio is 49.28%.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Monday, August 8th. Finally, Wedbush lowered their target price on Infosys from $30.00 to $25.00 and set an “outperform” rating for the company in a research note on Monday, July 25th. Three equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $25.92.

Infosys Company Profile

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Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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