Infosys Ltd (INFY) Sees Significant Growth in Short Interest

Infosys Ltd (NYSE:INFY) was the target of a significant increase in short interest in December. As of December 29th, there was short interest totalling 82,584,877 shares, an increase of 5.2% from the December 15th total of 78,510,937 shares. Based on an average daily trading volume, of 3,418,560 shares, the days-to-cover ratio is presently 24.2 days.

A number of equities research analysts have recently issued reports on INFY shares. Robert W. Baird reiterated a “hold” rating and issued a $16.00 target price on shares of Infosys in a research note on Wednesday, October 4th. Zacks Investment Research lowered Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Cowen reiterated a “hold” rating and issued a $15.00 target price on shares of Infosys in a research note on Thursday, October 12th. Oppenheimer reiterated a “hold” rating on shares of Infosys in a research note on Tuesday, October 24th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Infosys in a research note on Thursday, October 26th. Two research analysts have rated the stock with a sell rating, ten have given a hold rating and four have issued a buy rating to the stock. Infosys currently has a consensus rating of “Hold” and an average target price of $15.77.

Shares of Infosys (NYSE:INFY) opened at $17.99 on Friday. Infosys has a 12 month low of $13.42 and a 12 month high of $18.25. The firm has a market capitalization of $39,370.00, a P/E ratio of 16.50, a price-to-earnings-growth ratio of 1.99 and a beta of 0.73.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, January 12th. The technology company reported $0.25 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.25. Infosys had a return on equity of 21.31% and a net margin of 22.97%. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. During the same quarter last year, the firm earned $0.24 EPS. research analysts forecast that Infosys will post 1 earnings per share for the current year.

A number of hedge funds and other institutional investors have recently modified their holdings of INFY. Tower Research Capital LLC TRC grew its stake in Infosys by 198.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,295 shares in the last quarter. Foster & Motley Inc. acquired a new stake in Infosys during the 3rd quarter valued at approximately $166,000. Northwestern Mutual Wealth Management Co. grew its stake in Infosys by 4.7% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after purchasing an additional 605 shares in the last quarter. High Pointe Capital Management LLC acquired a new stake in Infosys during the 3rd quarter valued at approximately $203,000. Finally, Equity Investment Corp grew its stake in Infosys by 50.2% during the 3rd quarter. Equity Investment Corp now owns 15,100 shares of the technology company’s stock valued at $220,000 after purchasing an additional 5,050 shares in the last quarter. Hedge funds and other institutional investors own 18.85% of the company’s stock.

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Infosys Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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