Infosys Limited (NYSE:INFY) Short Interest Update

Infosys Limited (NYSE:INFYGet Rating) was the target of a significant growth in short interest during 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 days-to-cover ratio is currently 5.1 days. Currently, 1.0% of the shares of the company are sold short.

Analyst Ratings Changes

A number of research analysts have weighed in on INFY shares. Investec raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Friday, October 14th. BMO Capital Markets increased their target price on Infosys from $20.00 to $21.00 and gave the company a “market perform” rating in a research note on Friday, January 13th. Cowen dropped their price target on Infosys from $19.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, October 14th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Friday. Finally, Cowen reduced their price objective on Infosys from $19.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, October 14th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $21.19.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of INFY. Schubert & Co bought a new position in shares of Infosys during the second quarter valued at $31,000. Guardian Wealth Advisors LLC bought a new position in shares of Infosys during the third quarter valued at $38,000. JFS Wealth Advisors LLC lifted its holdings in shares of Infosys by 86.0% during the third quarter. JFS Wealth Advisors LLC now owns 2,797 shares of the technology company’s stock valued at $47,000 after acquiring an additional 1,293 shares during the period. Benjamin F. Edwards & Company Inc. lifted its holdings in shares of Infosys by 478.5% during the third quarter. Benjamin F. Edwards & Company Inc. now owns 5,785 shares of the technology company’s stock valued at $98,000 after acquiring an additional 4,785 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in shares of Infosys by 24.4% during the second quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company’s stock valued at $121,000 after acquiring an additional 1,286 shares during the period. 12.68% of the stock is owned by institutional investors.

Infosys Price Performance

Shares of INFY stock opened at $19.05 on Tuesday. The stock has a market cap of $80.16 billion, a P/E ratio of 26.83, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. Infosys has a one year low of $16.39 and a one year high of $25.20. The stock has a fifty day moving average price of $18.77 and a 200 day moving average price of $18.60.

Infosys (NYSE:INFYGet Rating) last issued its earnings results on Thursday, January 12th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. The firm had revenue of $4.66 billion during the quarter, compared to analysts’ expectations of $4.66 billion. Infosys had a return on equity of 31.23% and a net margin of 16.66%. During the same period last year, the business earned $0.18 earnings per share. Equities research analysts anticipate that Infosys will post 0.71 EPS for the current year.

Infosys Company Profile

(Get Rating)

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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