Infosys Limited (NYSE:INFY) Short Interest Update

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Infosys Limited (NYSE:INFY) saw a significant decrease in short interest in October. As of October 30th, there was short interest totalling 38,480,000 shares, a decrease of 17.2% from the October 15th total of 46,470,000 shares. Based on an average trading volume of 9,240,000 shares, the days-to-cover ratio is presently 4.2 days. Approximately 0.9% of the company’s shares are short sold.

Institutional investors have recently added to or reduced their stakes in the company. RMR Wealth Builders bought a new position in shares of Infosys in the second quarter worth $29,000. Balentine LLC bought a new position in Infosys in the second quarter valued at $41,000. James Investment Research Inc. increased its stake in Infosys by 877.6% in the third quarter. James Investment Research Inc. now owns 3,187 shares of the technology company’s stock valued at $44,000 after acquiring an additional 2,861 shares during the last quarter. CI Investments Inc. bought a new position in Infosys in the third quarter valued at $77,000. Finally, Jeppson Wealth Management LLC bought a new position in Infosys in the third quarter valued at $82,000. 17.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE:INFY traded up $0.08 during trading on Friday, hitting $14.91. 4,171,966 shares of the company were exchanged, compared to its average volume of 11,828,426. The company has a market cap of $63.26 billion, a PE ratio of 26.16, a P/E/G ratio of 2.48 and a beta of 0.87. The stock has a 50 day moving average of $14.88 and a 200 day moving average of $12.08. Infosys has a 52-week low of $6.76 and a 52-week high of $16.62.

Infosys (NYSE:INFY) last posted its earnings results on Wednesday, October 14th. The technology company reported $0.15 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.01. The firm had revenue of $3.31 billion for the quarter, compared to the consensus estimate of $3.23 billion. Infosys had a return on equity of 27.14% and a net margin of 18.85%. During the same quarter in the prior year, the business posted $0.13 earnings per share. On average, analysts anticipate that Infosys will post 0.59 earnings per share for the current fiscal year.

The company also recently declared a semi-annual dividend, which was paid on Friday, October 23rd. Stockholders of record on Friday, January 1st were issued a $0.1359 dividend. The ex-dividend date of this dividend was Friday, October 23rd. This represents a dividend yield of 1.6%. This is a boost from Infosys’s previous semi-annual dividend of $0.10. Infosys’s dividend payout ratio is presently 49.09%.

INFY has been the subject of several recent research reports. Zacks Investment Research cut Infosys from a “buy” rating to a “hold” rating and set a $16.00 price objective for the company. in a research report on Friday, October 16th. Robert W. Baird cut Infosys from a “neutral” rating to an “underperform” rating in a research report on Thursday, October 15th. William Blair reiterated a “market perform” rating on shares of Infosys in a research note on Wednesday, October 14th. Finally, BMO Capital Markets increased their target price on Infosys from $13.00 to $18.00 and gave the stock a “market perform” rating in a research note on Thursday, October 15th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, seven have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $13.34.

Infosys 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 development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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