The company's existing price is 15.05 with a change in volume of 3118846. Coronation Fund Managers Ltd.'s holdings in Infosys were worth $246,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in INFY. Guggenheim Capital LLC now owns 264,288 shares of the technology company's stock worth $3,919,000 after buying an additional 28,796 shares during the last quarter. 3267623 shares were traded on Infosys Limited's last session. Franklin Resources Inc. boosted its position in Infosys by 926.3% in the fourth quarter. For the past 5 years, the stock's EPS growth has been almost -18.60%. Bank of Montreal Can boosted its position in Infosys by 30.0% in the first quarter.
Commonwealth Bank Of Australia, which manages about $8.17 billion US Long portfolio, upped its stake in Compania Cervecerias Unidas Sa (NYSE:CCU) by 388,784 shares to 3.33M shares, valued at $69.95 million in 2016Q4, according to the filing.
Investors who are keeping close eye on Infosys Limited (INFY) stock; watched recent volatility movements, they can see that shares have been recorded at 1.22% for the week, and 1.30% for the last month. Wetherby Asset Management Inc. now owns 40,530 shares of the technology company's stock valued at $640,000 after buying an additional 1,230 shares in the last quarter. The stock has a market cap of $34.24 billion, a price-to-earnings ratio of 16.00 and a beta of 0.90.
Stock is now moving with a positive distance from the 200 day simple moving average of approximately 0.24%, and has a solid year to date (YTD) performance of 2.49% which means the stock is constantly adding to its value from the previous fiscal year end price. The stock touched 52-week High of $82.66 on 05/24/17 and 52-week Low of $56.69 on 06/27/16. Infosys also saw unusually large options trading on Monday. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. This is an increase of approximately 1,428% compared to the typical volume of 744 put options.
The company has mean EPS estimate of 0.25 reported by 12 number of analyst for the quarter.More news: Glu Mobile Inc. (GLUU) Given Average Recommendation of "Hold" by Brokerages
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Infosys Ltd (NYSE:INFY)'s revenue estimates for the current quarter are $2.65 Billion according to 12 number of analysts, for the current quarter the company has high revenue estimates of $2.73 Billion in contradiction of low revenue estimates of $2.62 Billion.
Bunge Limited (BG) now has P/E (Price to Earnings) ratio of 21.46 while the company's industry has 22.72 P/E and the sector P/E is 41.84. Segantii Capital Management Ltd now owns 1,564,573 shares of the technology company's stock worth $24,996,000 after buying an additional 1,254,573 shares in the last quarter. Equities research analysts forecast that Infosys Ltd will post $0.97 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Friday, June 2nd. The ex-dividend date of this dividend is Wednesday, May 31st.
The current ratio for Infosys Limited (NYSE:INFY) shows a rate of 3.8 with its quick ratio of *TBA.
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Several analysts have recently commented on the stock. Nomura downgraded the stock to "Neutral" rating in Monday, July 18 report. William Blair downgraded shares of Infosys from a "market perform" rating to an "underperform" rating in a report on Thursday, April 13th. BMO Capital Markets reissued a "hold" rating and set a $15.00 price objective on shares of Infosys in a report on Thursday, March 23rd. Cowen and Company set a $15.00 price target on Infosys and gave the company a "hold" rating in a report on Thursday, April 13th. PNC Financial Services Group Inc. now owns 6,702 shares of the technology company's stock valued at $107,000 after buying an additional 1,000 shares during the last quarter. The stock presently has an average rating of "Hold" and an average price target of $16.47.