Naples Global Advisors, other investors increase shares in Infosys
NEW YORK, UNITED STATES — Investment advisory company Naples Global Advisors, LLC increased its holdings in shares of IT services and consulting firm Infosys Limited by 2.1% in Q3.
According to Naples’ most recent filing with the U.S. Securities and Exchange Commission (SEC), it now holds 305,496 shares in Infosys worth $5,184,000.
Aside from Naples, several institutional investors and hedge funds bought and sold their shares in Infosys at the end of Q3.
Canada-based investment company Desjardins Global Asset Management Inc. now owns 166,992 shares of the technology giant’s stock valued at $3,090,000 after acquiring an additional 497 shares.
Management consulting firm The Ascent Group, LLC owns 22,168 shares of Infosys valued at $432,000 after acquiring an additional 547 shares.
Financial services firm Raymond James Financial Services Advisors Inc. also acquired 652 shares, raising its stock to 16,735 shares worth $417,000.
Registered Investment Advisor (RIA) Legacy Wealth Asset Management, LLC grew its position in Infosys to 19,991 shares valued at $370,000 after acquiring an additional 684 shares.
Finally, financial advisor Range Financial Group, LLC grew its position in shares of Infosys by 2.3% to 33,624 shares worth $571,000.
Institutional investors and hedge funds own 12.68% of the company’s stock.
As of mid-day trading on Tuesday, December 27, Infosys stock traded up to $18.02. The tech company reported $0.18 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.18.
As for the fourth quarter of 2022, Infosys recorded a revenue of $4.56 billion, a return on equity of 30.67%, and a net margin of 16.90%.
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