Infosys Limited (NYSE:INFY) recently had a trading volume of 1.07 million shares, with a beta of 0.95. The company’s share price is currently at $17.69, experiencing a decrease of -$0.08 or -0.45% from the last close. The market valuation of the company stands at $72.61B. INFY is currently trading at a discount to its 52-week high, with a decrease of -16.28% from that amount. However, its share price has risen by an impressive 16.85% since hitting its 52-week low of $14.71.
Infosys Limited has an average daily trading volume of 5.5 million shares over the past 10 days and an average of 9.62 million shares over the past 3 months.
The stock received a consensus recommendation rating of Hold, with a mean score of 2.60. Out of 49 analysts, 8 rate the stock as Sell, 4 rate it as Overweight, 17 recommend it as Hold, 15 deem it a Buy, and 5 rate it as Underweight. The company is expected to report earnings per share of $0.18 for the current quarter.
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Infosys Limited’s Recent Performance and Short Interest
Infosys Limited has shown a decrease of -0.45% in its intraday trading performance. Over the last five days, the stock has remained in the green territory. It reached a weekly high of $17.95, resulting in a daily price increase of 1.45%. Year-to-date, the stock is down -1.78%, but it has gained 1.55% over the last five days. In the 30-day period, Infosys Limited is up 5.42%. Short interest data reveals that 39.36 million shares have been sold with a short interest cover period of 3.32 days.
Analyst Projections and Price Target
Wall Street analysts assign a consensus price target of $17.43 to Infosys Limited. This indicates that bulls would need to decrease the stock price by -1.49% from its current value. Analyst projections suggest a potential low of $13.00 and a high of $22.00 for the stock. In order to reach the forecasted high, the stock would need to decrease by -24.36%, while it would need to decrease by 26.51% to reach the projected low.
Infosys Limited’s Estimates and Forecasts
The company’s shares have fallen -2.91% over the past six months, with an annual growth rate of 0.00% that is below the industry average of 6.10%. The year-over-year growth rate is expected to be 2.70%, which is an improvement from the previous year. Consensus estimates predict that Infosys Limited will generate an average of $4.66 billion in revenue for the current quarter. For the quarter ending Dec 2023, analysts expect the company to make $4.76 billion in revenue. Current quarter sales are projected to increase by 2.60%.
INFY Dividends and Major Holders
Infosys Limited’s next quarterly earnings report is due in October. The stock has an annual dividend yield of 2.34% with an annual dividend per share of 0.41. It’s important to consider other factors before making any investment decisions, as the dividend yield ratio should be regarded as a guide only.
Insiders hold 0.00% of Infosys Limited shares, while institutional investors hold 13.28% of the company’s shares. The largest institutional investor is JP Morgan Chase & Company, which owns 2.00% of the shares. First Trust Advisors LP holds the second-largest percentage of outstanding shares with 0.62%. The top two Mutual Funds are iShares Core MSCI Emerging Markets ETF and First Trust NASDAQ Cybersecurity ETF, holding 0.73% and 0.44% of the shares outstanding, respectively.
Sources:
– Infosys Limited article on MarketBeat (no URL)
– Grand View Research: “Artificial Intelligence (AI) Market Size, Share & Trends Analysis Report By Offering (Hardware, Software, Services), By Technology (Machine Learning, Natural Language Processing), By End-use, By Region, And Segment Forecasts, 2023 – 2030” (no URL)
