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Infosys Limited (NYSE:INFY) Has Recovered 17.13% So Far, But Another -23.94% Loss Cannot Be Ruled Out

In last trading session, Infosys Limited (NYSE:INFY) saw 16.97 million shares changing hands with its beta currently measuring 0.95. Company’s recent per share price level of $17.75 trading at -$0.36 or -1.99% at ring of the bell on the day assigns it a market valuation of $72.94B. That closing price of INFY’s stock is at a discount of -15.89% from its 52-week high price of $20.57 and is indicating a premium of 17.13% from its 52-week low price of $14.71. Taking a look at company’s average trading volume for last 10-days demonstrates a volume of 5.32 million shares which gives us an average trading volume of 9.08 million if we extend that period to 3-months.

For Infosys Limited (INFY), analysts’ consensus is at an average recommendation of a Hold while assigning it a mean rating of 2.60. Splitting up the data highlights that, out of 49 analysts covering the stock, 8 rated the stock as a Sell while 4 recommended an Overweight rating for the stock. 17 suggested the stock as a Hold whereas 15 see the stock as a Buy. 5 analyst(s) advised it as an Underweight. The company is expected to be making an EPS of $0.18 in the current quarter.

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Infosys Limited (NYSE:INFY) trade information

Upright in the red during last session for losing -1.99%, in the last five days INFY hitting it’s week-highest on Tuesday, 09/12/23 when the stock touched $17.75 price level, adding 2.37% to its value on the day. Infosys Limited’s shares saw a change of -1.44% in year-to-date performance and have moved 0.00% in past 5-day. Infosys Limited (NYSE:INFY) showed a performance of 3.62% in past 30-days. Number of shares sold short was 45.33 million shares which calculate 6.44 days to cover the short interests.

Wall Street analysts have assigned a consensus price target of $17.43 to the stock, which implies a fall of -1.84% to its current value. Analysts have been projecting $13.00 as a low price target for the stock while placing it at a high target of $22.00. It follows that stock’s current price would drop -23.94% in reaching the projected high whereas dropping to the targeted low would mean a gain of 26.76% 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 added 3.26% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 7.90. This year revenue growth is estimated to rise 2.70% from the last financial year’s standing.

8 industry analysts have given their estimates about the company’s current quarter revenue by setting an average figure of $4.66 billion for the same. And 8 analysts are in estimates of company making revenue of $4.75 billion in the next quarter that will end on Dec 2023.

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 10.10% during past 5 years. In 2023, company’s earnings growth rate is likely to be around 9.80% while estimates for its earnings growth in next 5 years are of 14.80%.

INFY Dividends

Infosys Limited is more likely to be releasing its next quarterly report in October 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.

Infosys Limited (NYSE:INFY)’s Major holders

Insiders are in possession of 0.00% of company’s total shares while institution are holding 13.28 percent of that, with stock having share float percentage of 13.28%. Investors also watch the number of corporate investors in a company very closely, which is 13.28% 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 83.1 million shares of worth $1.34 billion. And as of Jun 29, 2023, it was holding 2.00% of the company’s outstanding shares.

The second largest institutional holder is First Trust Advisors LP, which was holding about 25.61 million shares on Jun 29, 2023. The number of shares represents firm’s hold over 0.62% of outstanding shares, having a total worth of $411.56 million.

On the other hand, iShares Core MSCI Emerging Markets ETF and iShares MSCI India ETF are the top two Mutual Funds which own company’s shares. As of Jul 30, 2023, the former fund manager was holding 30.23 million shares of worth $503.64 million or 0.73% of the total outstanding shares. The later fund manager was in possession of 19.91 million shares on Jul 30, 2023, making its stake of worth around $331.72 million in the company or a holder of 0.48% of company’s stock.

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