Short Interest in Infosys Limited (NYSE:INFY) Grows By 8.2%

Infosys Limited (NYSE:INFY - Get Free Report) was the target of a significant increase in short interest in the month of January. As of January 31st, there was short interest totalling 100,590,000 shares, an increase of 8.2% from the January 15th total of 92,980,000 shares. Based on an average daily volume of 8,060,000 shares, the short-interest ratio is currently 12.5 days. Approximately 2.4% of the shares of the company are short sold.

Infosys Stock Down 0.9 %

NYSE:INFY traded down $0.19 during trading hours on Friday, reaching $21.17. The company had a trading volume of 13,778,220 shares, compared to its average volume of 9,915,374. The stock has a 50-day moving average of $22.13 and a two-hundred day moving average of $22.29. Infosys has a one year low of $16.04 and a one year high of $23.63. The firm has a market capitalization of $87.67 billion, a PE ratio of 26.79, a PEG ratio of 3.48 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period last year, the company earned $0.18 EPS. As a group, sell-side analysts expect that Infosys will post 0.74 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on INFY. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Guggenheim restated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $20.22.

Hedge Funds Weigh In On Infosys

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Mackenzie Financial Corp boosted its stake in Infosys by 159.1% in the fourth quarter. Mackenzie Financial Corp now owns 463,502 shares of the technology company's stock worth $10,160,000 after purchasing an additional 284,599 shares in the last quarter. Public Employees Retirement System of Ohio boosted its stake in Infosys by 27.9% in the fourth quarter. Public Employees Retirement System of Ohio now owns 2,069,502 shares of the technology company's stock worth $45,363,000 after purchasing an additional 451,245 shares in the last quarter. Vise Technologies Inc. boosted its stake in Infosys by 748.6% in the fourth quarter. Vise Technologies Inc. now owns 127,534 shares of the technology company's stock worth $2,796,000 after purchasing an additional 112,505 shares in the last quarter. Novem Group acquired a new position in shares of Infosys during the fourth quarter valued at $816,000. Finally, Focus Partners Advisor Solutions LLC acquired a new position in shares of Infosys during the fourth quarter valued at $326,000. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Company Profile

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.