Infosys Ltd. (INFY) Short Interest Update
Infosys Ltd. (NYSE:INFY) was the recipient of a significant growth in short interest in October. As of October 31st, there was short interest totalling 46,332,352 shares, a growth of 12.8% from the October 14th total of 41,075,325 shares. Based on an average daily trading volume, of 4,210,533 shares, the short-interest ratio is presently 11.0 days.
Several hedge funds have recently added to or reduced their stakes in the company. Fisher Asset Management LLC increased its stake in Infosys by 2.6% in the third quarter. Fisher Asset Management LLC now owns 24,292,422 shares of the company’s stock worth $383,334,000 after buying an additional 624,769 shares in the last quarter. Nordea Investment Management AB increased its stake in Infosys by 19.0% in the third quarter. Nordea Investment Management AB now owns 22,531,592 shares of the company’s stock worth $355,549,000 after buying an additional 3,595,433 shares in the last quarter. AQR Capital Management LLC increased its stake in Infosys by 0.4% in the second quarter. AQR Capital Management LLC now owns 13,394,490 shares of the company’s stock worth $239,092,000 after buying an additional 56,103 shares in the last quarter. UBS Asset Management Americas Inc. increased its stake in Infosys by 6.9% in the third quarter. UBS Asset Management Americas Inc. now owns 13,348,690 shares of the company’s stock worth $210,643,000 after buying an additional 862,201 shares in the last quarter. Finally, FIL Ltd increased its stake in Infosys by 0.9% in the second quarter. FIL Ltd now owns 13,016,912 shares of the company’s stock worth $232,352,000 after buying an additional 120,127 shares in the last quarter. 17.57% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Infosys (NYSE:INFY) opened at 14.11 on Thursday. The firm has a 50-day moving average of $15.43 and a 200 day moving average of $16.88. The company has a market cap of $32.25 billion, a price-to-earnings ratio of 15.34 and a beta of 1.00. Infosys has a 12 month low of $13.91 and a 12 month high of $20.47.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, October 14th. The company reported $0.24 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.24. The business had revenue of $2.59 billion for the quarter. Infosys had a net margin of 21.19% and a return on equity of 22.84%. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.23 earnings per share. On average, analysts expect that Infosys will post $0.94 earnings per share for the current year.
The firm also recently announced a dividend, which was paid on Wednesday, October 26th. Stockholders of record on Monday, October 24th were given a $0.17 dividend. The ex-dividend date was Thursday, October 20th. Infosys’s dividend payout ratio is presently 36.96%.
INFY has been the topic of a number of recent research reports. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Infosys in a research note on Monday, August 8th. HSBC lowered shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, August 9th. Wells Fargo & Co. reaffirmed a “hold” rating on shares of Infosys in a research note on Tuesday, August 16th. Zacks Investment Research raised shares of Infosys from a “sell” rating to a “hold” rating in a research report on Wednesday, August 17th. Finally, Wedbush initiated coverage on shares of Infosys in a research report on Thursday, September 8th. They set a “neutral” rating and a $18.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average price target of $17.83.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
Receive News & Stock Ratings for Infosys Ltd. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys Ltd. and related stocks with our FREE daily email newsletter.