Infosys Limited (NYSE:INFY) went up to recover about 21.34% since recording its record low price of $8.8. The stock experienced -0.37% slump, arriving at $10.68 on 6/24/2019. During the day, the stock price traveled from $10.65 to $10.77. This company shares are 1.03% off its target price of $10.79 and the current market capitalization stands at $46.32B. The recent change has given its price a 1.81% lead over SMA 50 and -6.15% deficit over its 52-week high. The stock witnessed 5.12% gains, -1.29% declines and 15.71% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found INFY’s volatility during a week at 1.23% and during a month it has been found around 1.35%.
What Does Infosys Limited (INFY) Do?
The company describes itself in regulatory filings as, “Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services; Retail; Communication; Energy, Utilities, Resources, and Services; Manufacturing; Hi-Tech; Life Sciences; and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Nandan M. Nilekani, Raghavan N. S., Ashok Arora, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.” [Text can be found here: https://www.marketwatch.com/investing/stock/INFY/profile under company description.]Infosys Limited (INFY) Top Holders
Institutional investors currently hold around $8.29 billion or 18.8% in INFY stock. Look at its top three institutional owners: Investec Asset Management Ltd owns $461.46 million in Infosys Limited, which represents roughly 1% of the company’s market cap and approximately 5.57% of the institutional ownership. Similar statistics are true for the second largest owner, Jpmorgan Chase & Co, which owns 40,080,259 shares of the stock are valued at $429.66 million. The third largest holder is Fisher Asset Management, Llc, which currently holds $429.62 million worth of this stock and that ownership represents nearly 0.93% of its market capitalization.
At the end of March reporting period, 173 institutional holders increased their position in Infosys Limited (NYSE:INFY) by some 76,481,116 shares, 185 decreased positions by 77,620,233 and 71 held positions by 618,949,978. That puts total institutional holdings at 773,051,327 shares, according to SEC filings. The stock grabbed 51 new institutional investments totaling 5,990,222 shares while 41 institutional investors sold out their entire positions totaling 9,255,434 shares.Infosys Limited (INFY) Analyst Guide
Several analysts have released their opinion on Infosys Limited (NYSE:INFY), with 1 analysts believing it is a strong buy. Whereas 13 of them predict the stock is a hold. Also, there are 0 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.86 average brokerage recommendation [T1].