In last trading session, Infosys Ltd ADR (NYSE:INFY) saw 22.9 million shares changing hands with its beta currently measuring 0.93. Company’s recent per share price level of $18.21 trading at -$0.72 or -3.80% at ring of the bell on the day assigns it a market valuation of $75.58B. That closing price of INFY’s stock is at a discount of -13.89% from its 52-week high price of $20.74 and is indicating a premium of 19.22% 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 10.56 million shares which gives us an average trading volume of 7.76 million if we extend that period to 3-months.
Infosys Ltd ADR (NYSE:INFY) trade information
Upright in the red during last session for losing -3.80%, in the last five days INFY remained trading in the red while hitting it’s week-highest on Friday, 03/15/24 when the stock touched $18.21 price level, adding 7.38% to its value on the day. Infosys Ltd ADR’s shares saw a change of -0.92% in year-to-date performance and have moved -7.38% in past 5-day. Infosys Ltd ADR (NYSE:INFY) showed a performance of -7.94% in past 30-days. Number of shares sold short was 43.89 million shares which calculate 7.48 days to cover the short interests.
Infosys Ltd ADR (INFY) estimates and forecasts
Statistics highlight that Infosys Ltd ADR is scoring comparatively lower than the scores of other players of the relevant industry. The company added 1.79% of value to its shares in past 6 months, showing an annual growth rate of 0.00% while that of industry is 6.20. This year revenue growth is estimated to rise 1.90% 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 $4.56 billion for the same. And 5 analysts are in estimates of company making revenue of $4.67 billion in the next quarter that will end on Jun 2024. Company posted $4.55 billion and $4.58 billion of sales in current and next quarters respectively a year earlier. Analysts are expecting this quarter sales to grow by 0.20% while estimating it to be 1.90% 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 5.40% during past 5 years. In 2024, company’s earnings growth rate is likely to be around 0.63% while estimates for its earnings growth in next 5 years are of 14.80%.
INFY Dividends
Infosys Ltd ADR is more likely to be releasing its next quarterly report in April 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 Ltd ADR (NYSE:INFY)’s Major holders
Insiders are in possession of 0.00% of company’s total shares while institution are holding 12.19 percent of that, with stock having share float percentage of 12.19%. Investors also watch the number of corporate investors in a company very closely, which is 12.19% institutions for Infosys Ltd ADR 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 Aug 30, 2023, the former fund manager was holding 30.18 million shares of worth $524.18 million or 0.73% of the total outstanding shares. The later fund manager was in possession of 19.47 million shares on Aug 30, 2023, making its stake of worth around $338.13 million in the company or a holder of 0.47% of company’s stock.
