Infosys Limited (NYSE:INFY) has a beta value of 0.86 and has seen 3,881,179 shares traded in the recent trading session. The company, currently valued at $53.6 Billion, closed the recent trade at $12.65 per share which meant it gained $0.02 on the day or 0.16% during that session. The INFY stock price is -2.69% off its 52-week high price of $12.99 and 46.56% above the 52-week low of $6.76. If we look at the company’s 10-day average daily trading volume, we find that it stood at 8.76 Million shares traded. The 3-month trading volume is 11.44 Million shares.
Infosys Limited (NYSE:INFY) trade information
Sporting 0.16% in the green today, the stock has traded in the green over the last five days, with the highest price hit on Thursday, Aug 06 when the INFY stock price touched $12.94- or saw a rise of 2.16%. Year-to-date, Infosys Limited shares have moved 22.63%, while the 5-day performance has seen it change 0.04%. Over the past 30 days, the shares of Infosys Limited (NYSE:INFY) have changed 21.8%. Short interest in the company has seen 73.76 Million shares shorted with days to cover at 6.45.
Infosys Limited (INFY) estimates and forecasts
Figures show that Infosys Limited shares have outperformed across the wider relevant industry. The company’s shares have gained +15.34% over the past 6 months, with this year growth rate of -1.82%, compared to -2.2% for the industry. Other than that, the company has, however, increased its growth outlook for the 2020 fiscal year revenue. Growth estimates for the current quarter are 7.7% and -6.7% for the next quarter. Revenue growth from the last financial year stood is estimated to be +1.5%.
9 analysts offering their estimates for the company have set an average revenue estimate of $3.21 Billion for the current quarter. 9 have an estimated revenue figure of $3.28 Billion for the next quarter concluding in December 01, 2020. Year-ago sales stood $3.21 Billion and $3.24 Billion respectively for this quarter and the next, and analysts expect sales will grow by 0% for the current quarter and 1.2% for the next.
If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was +145% over the past 5 years. Earnings growth for 2020 is a modest +10% while over the next 5 years, the company’s earnings are expected to increase by 8%.
Infosys Limited is expected to release its next earnings report in Aug, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.25 at a share yield of 2%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.58%.
Infosys Limited (NYSE:INFY)’s Major holders
Insiders own 0% of the company shares, while shares held by institutions stand at 17.8% with a share float percentage of 17.8%. Investors are also buoyed by the number of investors in a company, with Infosys Limited having a total of 564 institutions that hold shares in the company. The top two institutional holders are JP Morgan Chase & Company with over 47.05 Million shares worth more than $454.46 Million. As of June 29, 2020, JP Morgan Chase & Company held 12.94% of shares outstanding.
The other major institutional holder is Lazard Asset Management LLC, with the holding of over 43.72 Million shares as of March 30, 2020. The firm’s total holdings are worth over $358.97 Million and represent 12.03% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are MFS International Growth Fund and Lazard Emerging Markets Equity Portfolio. As of May 30, 2020, the former fund manager holds about 2.34% shares in the company for having 8500813 shares of worth $77.36 Million while later fund manager owns 7.94 Million shares of worth $76.66 Million as of June 29, 2020, which makes it owner of about 2.18% of company’s outstanding stock.