Infosys Limited (NYSE:INFY – Get Rating) was the target of a significant growth in short interest in the month of December. As of December 30th, there was short interest totalling 41,010,000 shares, a growth of 10.4% from the December 15th total of 37,150,000 shares. Based on an average daily trading volume, of 8,110,000 shares, the short-interest ratio is presently 5.1 days. Approximately 1.0% of the company's shares are sold short.
Infosys Price Performance
INFY traded up $0.27 during trading hours on Monday, reaching $19.05. 4,306,449 shares of the stock traded hands, compared to its average volume of 8,293,550. The firm's fifty day simple moving average is $18.78 and its two-hundred day simple moving average is $18.60. The company has a market cap of $80.16 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.61 and a beta of 1.01. Infosys has a fifty-two week low of $16.39 and a fifty-two week high of $25.20.
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Infosys (NYSE:INFY – Get Rating) last released its quarterly earnings results on Thursday, January 12th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The business had revenue of $4.66 billion during the quarter, compared to analyst estimates of $4.66 billion. Infosys had a net margin of 16.66% and a return on equity of 31.23%. During the same period last year, the business earned $0.18 EPS. On average, research analysts predict that Infosys will post 0.71 earnings per share for the current year.
Analyst Ratings Changes
A number of equities analysts have weighed in on the stock. Investec raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Friday, October 14th. Cowen cut their price target on shares of Infosys from $19.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday, October 14th. StockNews.com downgraded shares of Infosys from a "buy" rating to a "hold" rating in a research note on Friday. BMO Capital Markets increased their price target on shares of Infosys from $20.00 to $21.00 and gave the stock a "market perform" rating in a research note on Friday, January 13th. Finally, Cowen cut their price target on shares of Infosys from $19.00 to $18.00 and set a "market perform" rating on the stock in a research note on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $21.19.
Institutional Inflows and Outflows
A number of large investors have recently added to or reduced their stakes in the stock. JPMorgan Chase & Co. boosted its stake in Infosys by 2.9% during the 2nd quarter. JPMorgan Chase & Co. now owns 76,676,808 shares of the technology company's stock valued at $1,419,287,000 after acquiring an additional 2,134,934 shares during the last quarter. FMR LLC lifted its position in shares of Infosys by 20.3% in the 2nd quarter. FMR LLC now owns 29,344,087 shares of the technology company's stock worth $543,159,000 after buying an additional 4,956,478 shares during the last quarter. First Trust Advisors LP lifted its position in shares of Infosys by 69.4% in the 3rd quarter. First Trust Advisors LP now owns 23,292,667 shares of the technology company's stock worth $395,276,000 after buying an additional 9,539,373 shares during the last quarter. State Street Corp lifted its position in shares of Infosys by 3.7% in the 2nd quarter. State Street Corp now owns 20,720,955 shares of the technology company's stock worth $383,545,000 after buying an additional 731,456 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position in shares of Infosys by 17.3% in the 3rd quarter. Fisher Asset Management LLC now owns 16,969,677 shares of the technology company's stock worth $287,975,000 after buying an additional 2,504,660 shares during the last quarter. 12.68% of the stock is currently owned by institutional investors.
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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