Waverton Investment Management Ltd Boosts Holdings in Infosys Limited NYSE:INFY

November 12, 2024

Waverton Investment Management Ltd increased its stake in Infosys Limited (NYSE:INFY) by 10.7% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 50,889 shares of the technology company's stock after purchasing an additional 4,917 shares during the period. Waverton Investment Management Ltd's holdings in Infosys were worth $1,189,000 as of its most recent filing with the Securities & Exchange Commission. Several other institutional investors and hedge funds also recently made changes to their positions in INFY. Van ECK Associates Corp decreased its stake in Infosys by 0.7% during the first quarter. Van ECK Associates Corp now owns 73,589 shares of the technology company's stock worth $1,721,000 after selling 49,070 shares during the period. Finally, Janney Montgomery Scott LLC increased its position in Infosys by 71.0% during the fourth quarter. Janney Montgomery Scott LLC now owns 19,755 shares of the technology company's stock worth $542,000 after acquiring an additional 8,200 shares during the last quarter. Infosys Limited (NYSE:INFY) shares traded down $0.19 during trading hours on Tuesday, reaching $14.51. The company's stock had a trading volume of 5,896,907 shares, compared to its average volume of 11,042,303. Infosys Limited has a 1-year low of $13.88 and a 1-year high of $16.13. The company has a current ratio of 2.68, a quick ratio of 2.68 and a debt-to-equity ratio of 0.09. The stock has a market cap of $31,933.77, a P/E ratio of 15.75, a P/E/G ratio of 2.09 and a beta of 0.61. The company has a 50 day moving average of $13.82 and a 200-day moving average of $14.86. Infosys Limited (NYSE:INFY) last posted its quarterly earnings results on Wednesday, January 13th. The technology company reported $0.12 EPS for the quarter, meeting analysts' consensus estimates of $0.12. The company had revenue of $3.51 billion for the quarter, compared to the consensus estimate of $3.44 billion. Infosys had a net margin of 18.83% and a return on equity of 26.98%. The firm's revenue for the quarter was up 6.6% on a year-over-year basis. Analysts forecast that Infosys Limited will post 0.53 EPS for the current fiscal year.

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Investor opinions & comments:

This increase in holdings is a sign that Waverton Investment Management Ltd believes in Infosys' ability to deliver solid returns in the future

— from MoneyMiles at 11-16-2024 08:04

I'm interested to know if any other institutional investors will follow Waverton Investment Management Ltd's lead and increase their holdings in Infosys

— from JaxonBarnes at 11-16-2024 04:12

I'm skeptical about this increase in holdings. Infosys has faced challenges in the past and it's unclear if the company has fully turned things around

— from BudgetBobby at 11-15-2024 22:07

This is great news for Infosys, as it shows that Waverton Investment Management Ltd is confident in the company's potential

— from CashCasey at 11-15-2024 21:05

This increase in holdings by Waverton Investment Management Ltd is a vote of confidence for Infosys and its long-term prospects

— from WealthyWalter at 11-15-2024 20:49

This increase in holdings by Waverton Investment Management Ltd is a positive sign for Infosys and its investors

— from MikeWilliams at 11-15-2024 14:43

I'm not convinced that increasing holdings in Infosys is a good move. The technology industry is highly volatile and there are no guarantees of sustained success

— from OwenSullivan at 11-14-2024 12:47

It's always promising to see institutional investors increasing their holdings in a company, especially one with as much potential as Infosys

— from BudgetBrad at 11-14-2024 12:31

Infosys has a strong track record and a solid financial position, so it's no surprise that Waverton Investment Management Ltd has increased its holdings

— from InvestorIsabella at 11-14-2024 11:35

I'm not so sure about the timing of this increase in holdings. With the current market volatility, it might have been wiser for Waverton Investment Management Ltd to wait

— from CalebBishop at 11-14-2024 10:10

I'm curious to see how this increased investment by Waverton Investment Management Ltd will impact Infosys' stock performance in the coming months

— from SavvySusan at 11-14-2024 07:44

This news about Waverton Investment Management Ltd's increased investment in Infosys has caught my attention. I'll be keeping an eye on how this affects the company's stock price

— from SavingsSandy at 11-14-2024 06:04

Infosys has a strong position in the technology industry and has been delivering solid financial results. It's encouraging to see institutional investors like Waverton Investment Management Ltd showing confidence in the company

— from SmartSteve at 11-13-2024 22:51

I'm skeptical about this increase in holdings. Infosys faces stiff competition in the technology industry and it's uncertain if the company can continue its growth

— from FinanceFinn at 11-13-2024 20:38

Infosys has been making strategic moves to drive growth and improve profitability. This increased investment by Waverton Investment Management Ltd shows that they believe in Infosys' future prospects

— from SavingsSamantha at 11-13-2024 16:32

Waverton Investment Management Ltd's increased stake in Infosys is a strong endorsement of the company's growth potential and overall performance

— from WyattRiley at 11-13-2024 12:01

I'm not sure if this increase in holdings is a good move for Waverton Investment Management Ltd. The stock has been relatively stable, and it's unclear if there will be significant growth in the near future

— from RileyHughes at 11-13-2024 01:06

Infosys has been performing well recently, and this increase in holdings by Waverton Investment Management Ltd further validates the company's success

— from BudgetBrad at 11-12-2024 22:19

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