Infosys Ltd ADR (NYSE:INFY) has a beta value of 0.93 and has seen 8.56 million shares traded in the last trading session. The company, currently valued at $74.13B, closed the last trade at $17.86 per share which meant it gained $0.03 on the day or 0.17% during that session. The INFY stock price is -16.13% off its 52-week high price of $20.74 and 17.64% above the 52-week low of $14.71. If we look at the company’s 10-day average daily trading volume, we find that it stood at 9.95 million shares traded. The 3-month trading volume is 8.62 million shares.
Infosys Ltd ADR (NYSE:INFY) trade information
Sporting 0.17% in the green in last session, the stock has traded in the green over the last five days, when the INFY stock price touched $17.86 or saw a rise of 0.89%. Year-to-date, Infosys Ltd ADR shares have moved -2.83%, while the 5-day performance has seen it change 1.59%. Over the past 30 days, the shares of Infosys Ltd ADR (NYSE:INFY) have changed -7.89%. Short interest in the company has seen 42.32 million shares shorted with days to cover at 5.86.
Infosys Ltd ADR (INFY) estimates and forecasts
Figures show that Infosys Ltd ADR shares have underperformed across the wider relevant industry. The company’s shares have gained 1.42% over the past 6 months, with this year growth rate of -1.41%, compared to 10.40% for the industry. Other than that, the company has, however, lowered its growth outlook for the 2024 fiscal year revenue. Growth estimates for the current quarter are -5.60% and 5.90% for the next quarter. Revenue growth from the last financial year stood is estimated to be 1.80%.
9 analysts offering their estimates for the company have set an average revenue estimate of $4.55 billion for the current quarter. 5 have an estimated revenue figure of $4.67 billion for the next quarter concluding in Jun 2024.
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 5.40% over the past 5 years. Earnings growth for 2024 is a modest 0.07% while over the next 5 years, the company’s earnings are expected to increase by 14.80%.
INFY Dividends
Infosys Ltd ADR is expected to release its next earnings report in May this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.43 at a share yield of 2.40%. The company’s dividend yield has gone up over the past 12 months.
Infosys Ltd ADR (NYSE:INFY)’s Major holders
Insiders own 0.00% of the company shares, while shares held by institutions stand at 12.12% with a share float percentage of 12.12%. Investors are also buoyed by the number of investors in a company, with Infosys Ltd ADR having a total of 713 institutions that hold shares in the company. The top two institutional holders are JP Morgan Chase & Company with over 83.1 million shares worth more than $1.34 billion. As of Jun 29, 2023, JP Morgan Chase & Company held 2.00% of shares outstanding.
The other major institutional holder is First Trust Advisors LP, with the holding of over 25.61 million shares as of Jun 29, 2023. The firm’s total holdings are worth over $411.56 million and represent 0.62% of shares outstanding.
Also the top two Mutual Funds that are holding company’s shares are iShares Core MSCI Emerging Markets ETF and iShares MSCI India ETF. As of Aug 30, 2023, the former fund manager holds about 0.73% shares in the company for having 30.18 million shares of worth $524.18 million while later fund manager owns 19.47 million shares of worth $338.13 million as of Aug 30, 2023, which makes it owner of about 0.47% of company’s outstanding stock.
