In last trading session, Infosys Limited (NYSE:INFY) saw 10,083,233 shares changing hands with its beta currently measuring 0.29. Company’s recent per share price level of $9.53 trading at $0.2 or 2.53% at recent trade assigns it a market valuation of $40.08 Billion. That current price of INFY’s stock is at a discount of -26.76% from its 52-week high price of $12.08 and is indicating a premium of 29.07% from its 52-week low price of $6.76. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 10.68 Million shares which gives us an average trading volume of 11.13 Million if we extend that period to 3-months.
For Infosys Limited (INFY), analysts’ consensus is at an average recommendation of Overweight while assigning it a mean rating of 2.5. Splitting up the data highlights that, out of 52 analysts covering the stock, 1 rated the stock as a Sell while 7 recommended an Overweight rating for the stock. 16 suggested the stock as a Hold whereas 27 see the stock as a Buy. 1 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.12 in the current quarter.
Infosys Limited (NYSE:INFY) trade information
Upright in the green today for gaining 2.58%, in the last five days INFY remained trading in the green while hitting it’s week-highest on Friday, Jun 26 when the stock touched $9.72-1 price level, adding 1.75% to its value on the day. Infosys Limited’s shares saw a change of -7.46% in year-to-date performance and have moved 4.26% in past 5-day. Infosys Limited (NYSE:INFY) showed a performance of 5.29% in past 30-days. Number of shares sold short was 69.84 Million shares which calculate 6.27 days to cover the short interests.
Wall Street analysts have assigned a consensus price target of $9.61 to the stock, which implies a rise of 0.84% to its current value. Analysts have been projecting $7.09 as a low price target for the stock while placing it at a high target of $13. It follows that stock’s current price would jump +36.41% in reaching the projected high whereas dropping to the targeted low would mean a loss of -25.6% for stock’s current value.
Infosys Limited (INFY) estimates and forecasts
Statistics highlight that Infosys Limited is scoring comparatively lower than the scores of other players of the relevant industry. The company lessened -9.28% of value to its shares in past 6 months, showing an annual growth rate of -9.09% while that of industry is -2.4. Apart from that, the company came lowering its revenue forecast for fiscal year 2020. The company is estimating its revenue growth to decline by -7.7% in the current quarter and calculating -7.7% decline in the next quarter. This year revenue growth is estimated to drop -2.9% from the last financial year’s standing.
9 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $2.94 Billion for the same. And 9 analysts are in estimates of company making revenue of $3.05 Billion in the next quarter that will end in September 01, 2020. Company posted $3.13 Billion and $3.21 Billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to drop by -6% while estimating it to be -5.1% for the next quarter.
Weighing up company’s earnings over the past 5-year and in the next 5-year periods, we find the company posting an annual earnings growth rate of 145% during past 5 years. In 2020, company’s earnings growth rate is likely to be around 10% while estimates for its earnings growth in next 5 years are of 8%
Infosys Limited is more likely release its next earnings report in July, and investors are confident in the company announcing better current-quarter dividends despite the fact that it has been facing issues arising out of mounting debt. With an annual yield of 2.73%, the share has a forward dividend of 0.25 which implies that company’s dividend yield remained growing in trailing twelve months while having a 5 year average dividend yield of 2.58%.
Infosys Limited (NYSE:INFY)’s Major holders
Insiders are in possession of 0% of company’s total shares while institution are holding 17.8% percent of that, with stock having share float percentage of 17.8%. Investors also watch the number of corporate investors in a company very closely, which is 564 institutions for Infosys Limited that are currently holding shares of the company. JP Morgan Chase & Company is the top institutional holder at INFY for having 61.28 Million shares of worth $503.15 Million. And as of March 30, 2020, it was holding 16.86% of the company’s outstanding shares.
The second largest institutional holder is Lazard Asset Management LLC, which was holding about 43.72 Million shares on March 30, 2020. The number of shares represents firm’s hold over 12.03% of outstanding shares, having a total worth of $358.97 Million.
On the other hand, Lazard Emerging Markets Equity Portfolio and MFS International Growth Fund are the top two Mutual Funds which own company’s shares. As of March 30, 2020, the former fund manager was holding 8281327 shares of worth $67.99 Million or 2.28% of the total outstanding shares. The later fund manager was in possession of 8.04 Million shares on February 28, 2020, making its stake of worth around $80.93 Million in the company or a holder of 2.21% of company’s stock.