Infosys Ltd (NYSE:INFY) was the recipient of a large growth in short interest during the month of February. As of February 15th, there was short interest totalling 86,901,684 shares, a growth of 3.4% from the January 31st total of 84,061,145 shares. Approximately 2.0% of the company’s shares are sold short. Based on an average daily trading volume, of 7,018,155 shares, the short-interest ratio is currently 12.4 days.
INFY has been the topic of a number of analyst reports. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research report on Friday, January 4th. ValuEngine upgraded Infosys from a “sell” rating to a “hold” rating in a research report on Wednesday, January 2nd. Wells Fargo & Co set a $11.00 target price on Infosys and gave the company a “hold” rating in a research report on Friday, January 11th. Cantor Fitzgerald restated a “hold” rating and set a $10.00 target price on shares of Infosys in a research report on Friday, January 11th. Finally, Nomura upgraded Infosys from a “reduce” rating to a “neutral” rating in a research report on Monday, January 14th. Three analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $12.75.
Shares of Infosys stock opened at $10.71 on Thursday. Infosys has a one year low of $8.24 and a one year high of $10.94. The stock has a market cap of $46.59 billion, a P/E ratio of 21.42, a price-to-earnings-growth ratio of 2.07 and a beta of 0.57.
Infosys (NYSE:INFY) last announced its earnings results on Friday, January 11th. The technology company reported $0.14 EPS for the quarter, beating the consensus estimate of $0.13 by $0.01. Infosys had a return on equity of 24.93% and a net margin of 18.95%. The company had revenue of $2.99 billion for the quarter, compared to analyst estimates of $2.95 billion. On average, research analysts forecast that Infosys will post 0.52 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Nkcfo LLC acquired a new position in Infosys during the 4th quarter worth approximately $25,000. We Are One Seven LLC acquired a new position in Infosys during the 4th quarter worth approximately $28,000. Financial Gravity Companies Inc. acquired a new position in Infosys during the 4th quarter worth approximately $44,000. Advisory Services Network LLC raised its stake in Infosys by 303.8% during the 4th quarter. Advisory Services Network LLC now owns 4,228 shares of the technology company’s stock worth $40,000 after buying an additional 3,181 shares during the period. Finally, Guinness Asset Management Ltd raised its stake in Infosys by 29.8% during the 4th quarter. Guinness Asset Management Ltd now owns 5,320 shares of the technology company’s stock worth $51,000 after buying an additional 1,220 shares during the period. 17.66% of the stock is currently owned by institutional investors and hedge funds.
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Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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