Infosys Ltd (INFY) Short Interest Update

Infosys Ltd (NYSE:INFY) was the target of a significant decrease in short interest in the month of January. As of January 31st, there was short interest totalling 84,061,145 shares, a decrease of 12.1% from the January 15th total of 95,647,852 shares. Approximately 1.9% of the company’s shares are sold short. Based on an average daily volume of 8,786,808 shares, the short-interest ratio is currently 9.6 days.

NYSE INFY opened at $10.80 on Thursday. The firm has a market capitalization of $47.20 billion, a P/E ratio of 21.60, a P/E/G ratio of 2.11 and a beta of 0.57. Infosys has a twelve month low of $8.24 and a twelve month high of $10.94.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, January 11th. The technology company reported $0.14 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.13 by $0.01. The business had revenue of $2.99 billion during the quarter, compared to the consensus estimate of $2.95 billion. Infosys had a return on equity of 24.93% and a net margin of 18.95%. Equities analysts anticipate that Infosys will post 0.52 EPS for the current fiscal year.

The company also recently declared a dividend, which was paid on Friday, January 25th. Shareholders of record on Friday, January 25th were given a dividend of $0.047 per share. The ex-dividend date of this dividend was Thursday, January 24th. Infosys’s dividend payout ratio (DPR) is currently 34.00%.

Institutional investors and hedge funds have recently modified their holdings of the business. Verition Fund Management LLC bought a new stake in Infosys during the third quarter valued at $656,000. CWM LLC boosted its position in Infosys by 60,225.0% during the fourth quarter. CWM LLC now owns 120,650 shares of the technology company’s stock valued at $1,149,000 after acquiring an additional 120,450 shares during the last quarter. Thomas White International Ltd. boosted its position in Infosys by 102.0% during the third quarter. Thomas White International Ltd. now owns 573,636 shares of the technology company’s stock valued at $5,834,000 after acquiring an additional 289,693 shares during the last quarter. Bank of New York Mellon Corp boosted its position in Infosys by 1,119,378.1% during the third quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock valued at $346,449,000 after acquiring an additional 34,062,676 shares during the last quarter. Finally, Mondrian Investment Partners LTD boosted its position in Infosys by 43.5% during the third quarter. Mondrian Investment Partners LTD now owns 3,454,027 shares of the technology company’s stock valued at $35,127,000 after acquiring an additional 1,046,894 shares during the last quarter. 18.09% of the stock is currently owned by institutional investors and hedge funds.

INFY has been the subject of a number of recent research reports. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. Wells Fargo & Co set a $11.00 price objective on Infosys and gave the company a “hold” rating in a report on Friday, January 11th. Morgan Stanley upgraded Infosys from an “equal weight” rating to an “overweight” rating in a report on Monday, January 14th. Cantor Fitzgerald restated a “hold” rating and issued a $10.00 price objective on shares of Infosys in a report on Friday, January 11th. Finally, Goldman Sachs Group downgraded Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price objective for the company. in a report on Wednesday, October 17th. Three investment analysts have rated the stock with a sell rating, eleven have issued a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $12.75.

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Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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