The price of Infosys Limited (NYSE:INFY) shares last traded on Wall Street rose 0.56% to $17.89.
Based on available information, 48 analysts follow Infosys Limited (NYSE:INFY). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.00 and a low of $13.00, we find $17.57. Given the previous closing price of $17.79, this indicates a potential downside of -1.24 percent. INFY stock price is now 4.69% away from the 50-day moving average and 4.50% away from the 200-day moving average. The market capitalization of the company currently stands at $75.79B.
Among analysts, 17 rate the stock a hold while 15 rate it a buy. Brokers who have rated the stock have averaged $17.55 as their price target over the next twelve months.
A total of 18.20% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in INFY stock. A new stake in Infosys Limited shares was purchased by OAKTREE CAPITAL MANAGEMENT LP during the first quarter worth $66,217,000. CHARLES-LIM CAPITAL LTD invested $26,835,000 in shares of INFY during the first quarter. In the first quarter, RHUMBLINE ADVISERS acquired a new stake in Infosys Limited valued at approximately $15,780,000. CIBC ASSET MANAGEMENT INC acquired a new stake in INFY for approximately $15,751,000. SQUAREPOINT OPS LLC purchased a new stake in INFY valued at around $10,477,000 in the second quarter. In total, there are 711 active investors with 14.10% ownership of the company’s stock.
A candlestick chart of Infosys Limited (NYSE: INFY) showed a price of $17.96 on Wednesday morning. During the past 12 months, Infosys Limited has had a low of $14.71 and a high of $20.57. As of last week, the company has a debt-to-equity ratio of 0.11, a current ratio of 1.70, and a quick ratio of 1.70. According to the stock market information, the enterprise value for the company is $72.92B, which is based on a 25.13 price-to-earnings ratio, a 1.70 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for INFY is $17.12 and a two-hundred day moving average price translates $17.11 for the stock.
The latest earnings results from Infosys Limited (NYSE: INFY) was released for Jun, 2023. According to the Information Technology Services Company, earnings per share came in at $0.17, missing analysts’ expectations of $0.18 by -0.01. This compares to $0.16 EPS in the same period last year. The net profit margin was 16.40% and return on equity was 32.50% for INFY. The company reported revenue of $4.62 billion for the quarter, compared to $4.44 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.89 percent. For the current quarter, analysts expect INFY to generate $4.66B in revenue.
Investors who held shares on 06/02/2023 were paid a $0.213349 dividend. On an annualized basis, this represents a $0.41 dividend and a 2.31% percent yield. There was an ex-dividend date of 06/01/2023 for this dividend. In terms of dividend payout ratio, INFY is presently at 58.95%.
Infosys Limited(INFY) Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services. The company’s products and platforms include Finacle, a core banking solution; Edge suite of products; Panaya platform, Infosys Equinox, Infosys Helix, Infosys Applied AI, Infosys Cortex, and Stater digital platforms; and Infosys McCamish, an insurance platform. It serves enterprises in the financial services and insurance, manufacturing, retail, consumer packaged goods, logistics, energy, utilities, resources, services, communications, telecom OEM, media, hi-tech, and life sciences and healthcare industries. The company was formerly known as Infosys Technologies Limited and changed its name to Infosys Limited in June 2011. Infosys Limited was incorporated in 1981 and is headquartered in Bengaluru, India.
