The stock of Infosys Ltd ADR (NYSE:INFY) last traded at $16.44, up 0.74% from the previous session.
Data from the available sources indicates that Infosys Ltd ADR (NYSE:INFY) is covered by 45 analysts. The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $22.07 and a low of $13.00, we find $18.19. Given the previous closing price of $16.32, this indicates a potential upside of 11.46 percent. INFY stock price is now -5.28% away from the 50-day moving average and -3.02% away from the 200-day moving average. The market capitalization of the company currently stands at $68.23B.
In total, 20 analysts have assigned it a hold rating, and 15 have given it a buy rating. Brokers who have rated the stock have averaged $18.08 as their price target over the next twelve months.
With the price target enhanced from $14 to $16.80, JP Morgan Upgraded its rating from Underweight to Neutral for Infosys Ltd ADR (NYSE: INFY).
A total of 0.00% 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 Ltd ADR shares was purchased by OAKTREE CAPITAL MANAGEMENT LP during the first quarter worth $60,850,000. CHARLES-LIM CAPITAL LTD invested $24,660,000 in shares of INFY during the first quarter. In the first quarter, RHUMBLINE ADVISERS acquired a new stake in Infosys Ltd ADR valued at approximately $14,501,000. CIBC ASSET MANAGEMENT INC acquired a new stake in INFY for approximately $14,475,000. SQUAREPOINT OPS LLC purchased a new stake in INFY valued at around $9,627,000 in the second quarter. In total, there are 711 active investors with 12.17% ownership of the company’s stock.
With an opening price of $16.51 on Friday morning, Infosys Ltd ADR (NYSE: INFY) set off the trading day. During the past 12 months, Infosys Ltd ADR 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 1.96, and a quick ratio of 1.96. According to the stock market information, the enterprise value for the company is $67.36B, which is based on a 22.63 price-to-earnings ratio, a 1.53 price-to-earnings-growth ratio, and a beta of 0.95. The fifty day moving average price for INFY is $17.35 and a two-hundred day moving average price translates $16.94 for the stock.
The latest earnings results from Infosys Ltd ADR (NYSE: INFY) was released for Sep, 2023. According to the Information Technology Services Company, earnings per share came in at $0.18, inline with analysts’ expectations of $0.18. This compares to $0.18 EPS in the same period last year. The net profit margin was 16.29% and return on equity was 30.89% for INFY. The company reported revenue of $4.72 billion for the quarter, compared to $4.55 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 3.58 percent. For the current quarter, analysts expect INFY to generate $4.63B in revenue.
Investors who held shares on 10/25/2023 were paid a $0.216295 dividend. On an annualized basis, this represents a $0.51 dividend and a 3.11% percent yield. There was an ex-dividend date of 10/24/2023 for this dividend. In terms of dividend payout ratio, INFY is presently at 48.69%.
Infosys Ltd ADR(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 has a collaboration with Microsoft to accelerate and democratize industry-wide adoption of generative AI. 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.
