Infosys Ltd ADR (NYSE:INFY)’s traded shares stood at 6.35 million during the last session, with the company’s beta value hitting 0.99. At the close of trading, the stock’s price was $21.89, to imply a decrease of -0.73% or -$0.16 in intraday trading. The INFY share’s 52-week high remains $23.48, putting it -7.26% down since that peak but still an impressive 27.14% since price per share fell to its 52-week low of $15.95. The company has a valuation of $90.89B, with an average of 9.23 million shares in intraday trading volume over the past 10 days and average of 8.28 million shares over the past 3 months.
Analysts have given a consensus recommendation of Hold for Infosys Ltd ADR (INFY), translating to a mean rating of 2.16. Of 8 analyst(s) looking at the stock, 1 analyst(s) give INFY a Sell rating. 0 of those analysts rate the stock as Overweight while 4 advise Hold as 3 recommend it as a Buy. 0 analyst(s) have given it an Underweight rating. Estimates put the company’s current-quarter earnings per share at 0.19.
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Infosys Ltd ADR (NYSE:INFY) trade information
After registering a -0.73% downside in the last session, Infosys Ltd ADR (INFY) has traded red over the past five days. The 5-day price performance for the stock is -2.75%, and -4.66% over 30 days. With these gigs, the year-to-date price performance is 19.78%. Short interest in Infosys Ltd ADR (NYSE:INFY) saw shorts transact 77.26 million shares and set a 9.85 days time to cover.
The extremes give us $14 and $25 for target low and target high price respectively. As such, INFY has been trading -14.21% off suggested target high and 36.04% from its likely low.
Infosys Ltd ADR (INFY) estimates and forecasts
Looking at statistics comparing Infosys Ltd ADR share performance against respective industry, we note that the company has underperformed competitors. Infosys Ltd ADR (INFY) shares are 29.96% up over the last 6 months, with its year-to-date growth rate lower than industry average at -1.32% against 13.70%. Revenue is forecast to grow 5.60% this quarter before falling -17.40% for the next one. The rating firms project that company’s revenue will grow 4.50% compared to the previous financial year.
Revenue forecast for the current quarter as set by 8 analysts is 4.9B. Meanwhile, for the current quarter, a total of 7 analyst(s) estimate revenue growth to 4.87B.
An assessment of the company’s 5-year growth patterns shows that annual earnings grew an estimated 8.61% for the past 5-year period. While 2024 is set for a 0.06% return in earnings, projections for the next 5 years are at 8.23% annually.
INFY Dividends
Infosys Ltd ADR has its next earnings report out on 2025-Jan-09. However, it is important to take into account that this dividend yield ratio is just an indicator to only serve the purpose of guidance. Investors interested to invest in the stock should ponder company’s other fundamental and operations related aspects too. Infosys Ltd ADR has a forward dividend ratio of 0.55, with the share yield ticking at 2.52% to continue the rising pattern observed over the past year. The company’s average dividend yield trailing the past 5-year period is 2.2%.
The next major institution holding the largest number of shares is FIRST TRUST ADVISORS LP with 35.4 million shares, or about 0.8551% of shares outstanding. As of the market price on 2024-06-30, these shares were worth $659.11 million.
We also have iShares Core MSCI Emerging Markets ETF and iShares MSCI India ETF as the top two Mutual Funds with the largest holdings of the Infosys Ltd ADR (INFY) shares. Going by data provided on Sep 30, 2024 , iShares Core MSCI Emerging Markets ETF holds roughly 29.33 shares. This is just over 0.71% of the total shares, with a market valuation of $641.94 million. Data from the same date shows that the other fund manager holds a little less at 23.96, or 0.58% of the shares, all valued at about 524.57 million.