Infosys Ltd ADR (NYSE:INFY) has a beta value of 0.99 and has seen 7.1 million shares traded in the last trading session. The company, currently valued at $96.99B, closed the last trade at $23.36 per share which meant it gained $0.43 on the day or 1.88% during that session. The INFY stock price is -0.51% off its 52-week high price of $23.48 and 31.72% above the 52-week low of $15.95. If we look at the company’s 10-day average daily trading volume, we find that it stood at 7.01 million shares traded. The 3-month trading volume is 8.91 million shares.
The consensus among analysts is that Infosys Ltd ADR (INFY) is Hold stock at the moment, with a recommendation rating of 2.14. 1 analysts rate the stock as a Sell, while 0 rate it as Overweight. 4 out of 8 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight. The expected earnings per share for the stock is 0.19.
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Infosys Ltd ADR (NYSE:INFY) trade information
Sporting 1.88% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the INFY stock price touched $23.36 or saw a rise of 0.38%. Year-to-date, Infosys Ltd ADR shares have moved 27.82%, while the 5-day performance has seen it change 1.96%. Over the past 30 days, the shares of Infosys Ltd ADR (NYSE:INFY) have changed 0.69%. Short interest in the company has seen 77.26 million shares shorted with days to cover at 9.85.
Wall Street analysts have a consensus price target for the stock at $20.05, which means that the shares’ value could drop -16.51% from current levels. The projected low price target is $14.0 while the price target rests at a high of $23.6. In that case, then, we find that the current price level is -1.03% off the targeted high while a plunge would see the stock lose 40.07% from current levels.
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 36.04% over the past 6 months, with this year growth rate of -1.32%, compared to 14.40% for the industry. Revenue growth from the last financial year stood is estimated to be 3.70%.
8 analysts offering their estimates for the company have set an average revenue estimate of 4.85B for the current quarter. 7 have an estimated revenue figure of 4.87B for the next ending quarter.
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 8.61% over the past 5 years. Earnings growth for 2024 is a modest 1.33% while over the next 5 years, the company’s earnings are expected to increase by 8.38%.
INFY Dividends
Infosys Ltd ADR is expected to release its next earnings report in November this year, and investors are excited at the prospect of better dividends despite the company’s debt issue. The forward dividend is 0.55 at a share yield of 2.36%. The company’s dividend yield has gone up over the past 12 months, with a 5 Year Average Dividend Yield of 2.2%.
Infosys Ltd ADR (NYSE:INFY)’s Major holders
The top two institutional holders are JPMORGAN CHASE & CO with over 66.65 million shares worth more than $1.24 billion. As of 2024-06-30, JPMORGAN CHASE & CO held 1.6101% of shares outstanding.
The other major institutional holder is FIRST TRUST ADVISORS LP, with the holding of over 35.4 million shares as of 2024-06-30. The firm’s total holdings are worth over $659.11 million and represent 0.8551% 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 31, 2024 , the former fund manager holds about 0.70% shares in the company for having 29.17 shares of worth $681.42 million while later fund manager owns 24.17 shares of worth $564.58 million as of Aug 31, 2024 , which makes it owner of about 0.58% of company’s outstanding stock.
