Infosys Limited (NYSE:INFY) Short Interest Update
Infosys Limited (NYSE:INFY – Get Free Report) saw a large decrease in short interest in November. As of November 15th, there was short interest totalling 34,440,000 shares, a decrease of 14.2% from the October 31st total of 40,150,000 shares. Approximately 0.8% of the company’s shares are short sold. Based on an average daily volume of 6,820,000 shares, the short-interest ratio is currently 5.0 days.
Institutional Investors Weigh In On Infosys
A number of institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. lifted its stake in Infosys by 14.4% during the second quarter. JPMorgan Chase & Co. now owns 83,099,498 shares of the technology company’s stock worth $1,335,409,000 after purchasing an additional 10,480,541 shares during the last quarter. FMR LLC lifted its position in shares of Infosys by 15.2% in the 3rd quarter. FMR LLC now owns 24,819,637 shares of the technology company’s stock worth $424,664,000 after buying an additional 3,275,485 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Infosys by 7.7% in the 1st quarter. First Trust Advisors LP now owns 22,616,779 shares of the technology company’s stock valued at $394,437,000 after buying an additional 1,617,203 shares during the period. State Street Corp boosted its holdings in shares of Infosys by 9.2% in the 1st quarter. State Street Corp now owns 20,400,397 shares of the technology company’s stock valued at $355,709,000 after buying an additional 1,722,731 shares during the period. Finally, BlackRock Inc. grew its position in shares of Infosys by 11.8% during the 1st quarter. BlackRock Inc. now owns 17,115,250 shares of the technology company’s stock valued at $298,490,000 after buying an additional 1,810,239 shares during the last quarter. Institutional investors and hedge funds own 11.39% of the company’s stock.
Wall Street Analysts Forecast Growth
INFY has been the subject of several recent analyst reports. JPMorgan Chase & Co. upgraded Infosys from an “underweight” rating to a “neutral” rating and lifted their price target for the company from $14.00 to $16.80 in a report on Wednesday, October 4th. The Goldman Sachs Group assumed coverage on shares of Infosys in a research note on Tuesday, August 22nd. They set a “buy” rating on the stock. Nomura raised shares of Infosys from a “reduce” rating to a “neutral” rating in a research note on Friday, September 8th. Wedbush reaffirmed an “outperform” rating and issued a $22.00 target price on shares of Infosys in a research report on Monday, September 18th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Six investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $18.93.
Check Out Our Latest Stock Report on Infosys
Infosys Trading Up 1.0 %
INFY stock traded up $0.18 during trading on Friday, reaching $17.73. The stock had a trading volume of 4,766,044 shares, compared to its average volume of 5,146,161. The firm has a fifty day moving average price of $17.11 and a 200 day moving average price of $16.74. The company has a market capitalization of $73.38 billion, a P/E ratio of 24.63, a PEG ratio of 2.49 and a beta of 0.95. Infosys has a 1-year low of $14.71 and a 1-year high of $20.29.
Infosys (NYSE:INFY – Get Free Report) last released its quarterly earnings results on Thursday, October 12th. The technology company reported $0.18 EPS for the quarter, hitting the consensus estimate of $0.18. Infosys had a return on equity of 32.51% and a net margin of 16.28%. The business had revenue of $4.72 billion for the quarter, compared to analysts’ expectations of $4.55 billion. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Sell-side analysts predict that Infosys will post 0.7 EPS for the current year.
About Infosys (Get Free Report)
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 management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.
Recommended Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Infosys, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Infosys wasn’t on the list.
While Infosys currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
Wondering when you’ll finally be able to invest in SpaceX, StarLink or The Boring Company? Click the link below to learn when Elon Musk will let these companies finally IPO.
Original: MarketBeat News Feed: Infosys Limited (NYSE:INFY) Short Interest Update