In today’s recent session, 2,696,074 shares of the Infosys Limited (NYSE:INFY) have been traded, and its beta is 0.89. Most recently the company’s share price was $19.2, and it changed around -$0.14 or -0.01% from the last close, which brings the market valuation of the company to $81.18 Billion. INFY at last check was trading at a discount to its 52-week high of $19.41, offering almost -1.09% off that amount. The share price’s 52-week low was $8.09, which indicates that the recent value has risen by an impressive 57.86% since then. We note from Infosys Limited’s average daily trading volume that its 10-day average is 7.28 Million shares, with the 3-month average coming to 8.82 Million.
Infosys Limited stock received a consensus recommendation rating of Overweight, based on a mean score of 2.4. If we narrow it down even further, the data shows that 1 out of 51 analysts rate the stock as a Sell; another 8 rate it as Overweight. Among the rest, 7 recommended INFY as a Hold, whereas 34 deemed it a Buy, and 1 rated it as Underweight. Infosys Limited is expected to report earnings per share of $0.16 for the current quarter.
Infosys Limited (NYSE:INFY): Trading Information Today
Although INFY has been showing red trend so far today with a performance of -0.7% at the end of last trading. The performance over the last five days has remained in the green territory. The rise to weekly highs of $19.41 on Tuesday, Apr 06 increased the stock’s daily price by 1%. The company’s shares are currently up 0.13% year-to-date, but still up 0.0221 over the last five days. On the other hand, Infosys Limited (NYSE:INFY) is 0.05% up in the 30-day period. We can see from the shorts that 23.25 Million shares have been sold at a short interest cover period of 2.64 day (s).
The consensus price target as assigned by Wall Street analysts is $21.75, which translates to bears needing to increase their stock price by 13.28% from its current value. Analyst projections state that INFY is forecast to be at a low of $17 and a high of $28.95. In order for the stock price to hit the forecast high, the stock would need to surge +50.78% from its current level, while the stock would need to crash -11.46% from its current level to reach the projected low.
Infosys Limited (INFY) projections and forecasts
Infosys Limited share prices are performing particularly well compared to other companies within the same industry. As is evident from the statistics, the company’s shares have risen +41.48 percent over the past six months and at a 12.73% annual growth rate that is well above the industry average of 3.3%. Moreover, analysts have decided to roll up on their fiscal year 2021 revenue estimates. The rating firms predict that it will gain +14.3% in revenue this quarter, and will report an increase of 15.4% in the next quarter. The year-over-year growth rate is expected to be 5.9%, up from the previous year.
Consensus estimates provided by 8 financial analysts predict the company will bring in an average of $3.56 Billion in revenue for the current quarter. 7 analysts expect Infosys Limited to make $3.61 Billion in revenue for the quarter ending June 01, 2021. The company’s sales for the same quarters a year ago were $3.2 Billion and $2.94 Billion respectively. Analysts predict that the company’s current quarter sales will jump, forecast at 11.4%. Forecasts for the next quarter put sales growth at 22.7%.
Looking at the company’s year-over-year earnings, the past five years showed a positive earnings growth rate of 145%. Infosys Limited earnings are expected to increase by 10% in 2021, but the outlook is positive 8% per year for the next five years.
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INFY Dividend Yield
The annual dividend yield of the stock is 1.66 percent and its annual dividend per share was $0.32. It is important to note, however, that the 1.66% dividend yield ratio should be regarded as a guide only, as many other factors should be taken into consideration before making any investment decision. The average dividend yield for the past five years averaged 2.53% per year.
Infosys Limited (NYSE:INFY)’s Biggest Investors
Upon looking at major shareholders, it appears that insiders hold 0% of Infosys Limited shares, and 17.63% of them are in the hands of institutional investors. The stock currently has a share float of 17.63%. Infosys Limited stock is held by 632 institutions, with JP Morgan Chase & Company being the largest institutional investor. By Dec 30, 2020, it held 1.23% of the shares, which is about 52.46 Million shares worth $889.22 Million.
GQG Partners LLC, with 0.98% or 41.74 Million shares worth $707.53 Million as of Dec 30, 2020, holds the second largest percentage of outstanding shares.
Advisors Inner Circle Fund III-GQG Partners Emerging Markets Equity Fd and MFS International Growth Fund were the top two Mutual Funds as of Jan 30, 2021. The former held 12940456 shares worth $218.43 Million, making up 0.3% of all outstanding shares. On the other hand, MFS International Growth Fund held roughly 10.06 Million shares worth around $153.14 Million, which represents about 0.24% of the total shares outstanding.