Infosys Limited (INFY) Performance and Fundamentals Dashboard tells a completely different story

Infosys Limited (NYSE: INFY) stock fell -2.00% on Friday to $16.68 against a previous-day closing price of $17.02. With 17.84 million shares changed hands, the volume of the stock remained heavier than its average volume of 9.16 million shares. During the session, the Information Technology Services company that operates in wider Technology sector, reached to the highest price of $16.98 whereas the lowest price it dropped to was $16.59. The 52-week range on INFY shows that it touched its highest point at $26.39 and its lowest point at $16.95 during that stretch. It currently has a 1-year price target of $20.57. With its current market cap of 72.62 billion, INFY has annualized dividend of $0.40 while the current yield stands at 2.42%. Beta for the stock currently stands at 0.98.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of INFY was down-trending over the past week, with a drop of -6.24%, but this was down by -13.35% over a month. Three-month performance dropped to -9.54% while six-month performance fell -31.39%. The stock lost -28.32% in the past year, while it has lost -34.10% so far this year. A look at the trailing 12-month EPS for INFY yields 0.66 with Next year EPS estimates of 0.83. For the next quarter, that number is 0.18. This implies an EPS growth rate of 15.10% for this year and 13.84% for next year. EPS is expected to grow by 14.80% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 10.80%.

Float and Shares Shorts:

At present, 4.19 billion INFY shares are outstanding with a float of 3.56 billion shares on hand for trading. On Jul 14, 2022, short shares totaled 27.31 million, which was 0.65% higher than short shares on Jun 14, 2022. In addition to Mr. Nandan M. Nilekani as the firm’s Co-Founder & Chairman, Mr. Salil Satish Parekh serves as its MD, CEO & Director.

Institutional Ownership:

Through their ownership of 16.47% of INFY’s outstanding shares, institutional investors have minority control over the company. Other institutions hold 7.68% of INFY, in contrast to 6.56% held by mutual funds. Shares owned by individuals account for –. As the largest shareholder in INFY with 0.71% of the stake, JPMorgan Investment Management, I holds 29,827,277 shares worth 29,827,277. A second-largest stockholder of INFY, Fidelity Management & Research Co, holds 27,475,214 shares, controlling over 0.65% of the firm’s shares. GQG Partners LLC is the third largest shareholder in INFY, holding 24,010,219 shares or 0.57% stake. With a 0.39% stake in INFY, the Fidelity Inv. Trust – Emerging Ma is the largest stakeholder. A total of 16,594,026 shares are owned by the mutual fund manager. The GQG Partners Emerging Markets Equ, which owns about 0.21% of INFY stock, is the second-largest Mutual Fund holder. It holds 8,783,413 shares valued at 160.74 million. First Trust NASDAQ Cybersecurity holds 0.20% of the stake in INFY, owning 8,188,178 shares worth 149.84 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for INFY since 47 analysts follow the stock currently. There are 25 analysts who recommend BUY ratings, while 3 suggest SELL ratings. Of the remaining analysts, 12 believe that the stock is worth HOLDING, 7 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With INFY analysts setting a high price target of $25.99 and a low target of $14.32, the average target price over the next 12 months is $21.14. Based on these targets, INFY could surge 55.82% to reach the target high and fall by -14.15% to reach the target low. Reaching the average price target will result in a growth of 26.74% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. INFY will report FY 2023 earnings on 04/14/2023. Analysts have provided yearly estimates in a range of $0.76 being high and $0.69 being low. For INFY, this leads to a yearly average estimate of $0.72. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Infosys Limited surprised analysts by -$0.01 when it reported $0.16 EPS against a consensus estimate of $0.17. The surprise factor in the prior quarter was -$0.01. Based on analyst estimates, the high estimate for the next quarter is $0.19 and the low estimate is $0.17. The average estimate for the next quarter is thus $0.18.

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