Infosys Limited (NYSE:INFY) Short Interest Down 7.4% in September

Infosys Limited (NYSE:INFY) was the target of a large decrease in short interest in the month of September. As of September 15th, there was short interest totalling 75,160,000 shares, a decrease of 7.4% from the August 31st total of 81,180,000 shares. Based on an average trading volume of 9,310,000 shares, the short-interest ratio is presently 8.1 days. Approximately 1.8% of the shares of the stock are short sold.

Infosys Stock Performance

NYSE INFY traded up $0.09 during mid-day trading on Tuesday, reaching $22.36. 2,595,774 shares of the stock were exchanged, compared to its average volume of 9,365,777. The stock has a market capitalization of $92.57 billion, a PE ratio of 29.29, a PEG ratio of 3.59 and a beta of 0.99. Infosys has a 1-year low of $16.04 and a 1-year high of $23.48. The business’s fifty day simple moving average is $22.39 and its 200 day simple moving average is $19.54.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, meeting analysts’ consensus estimates of $0.18. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The business had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.67 billion. During the same quarter in the previous year, the business earned $0.17 earnings per share. On average, analysts anticipate that Infosys will post 0.75 EPS for the current year.

Wall Street Analyst Weigh In

INFY has been the subject of a number of research analyst reports. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Finally, Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.27.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Baader Bank Aktiengesellschaft purchased a new position in Infosys during the second quarter worth approximately $529,000. BNP Paribas acquired a new stake in Infosys during the first quarter worth about $1,169,000. FIL Ltd increased its stake in Infosys by 5.9% during the fourth quarter. FIL Ltd now owns 18,459,935 shares of the technology company’s stock worth $339,294,000 after acquiring an additional 1,031,371 shares during the last quarter. Capstone Investment Advisors LLC acquired a new position in shares of Infosys in the 1st quarter valued at about $862,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Infosys by 6.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,857,531 shares of the technology company’s stock valued at $33,306,000 after purchasing an additional 112,790 shares in the last quarter. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

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 digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.