Infosys Limited American Deposi (NYSE:INFY).
Genesis Asset Managers, Llp reports that it bought 2,145,698 shares in quarter ending 06/30/2017 increasing its holdings in Infosys Limited American Deposi by 15.6%. Its position was worth $238,604,000 an increase of 9.9% as of quarter end.
These firms have also modified their investment in INFY. As of the end of the quarter Hexavest Inc. had bought 46,073 shares growing its holdings by 6.1%. The value of the investment in (INFY) increased from $11,960,000 to $12,062,000 a change of 0.9% since the last quarter. Capstone Asset Management Co downsized its holdings by selling 2,340 shares a decrease of 1.9% in the quarter. Capstone Asset Management Co owns 119,335 shares worth $1,792,000. The value of the position overall is down by 6.8%.
As of quarter end Causeway Capital Management LLC had disposed of a total of 76,100 shares trimming its position 4.8%. The value of the company’s investment in Infosys Limited American Deposi went from $23,999,000 to $24,315,000 increasing 1.3% quarter to quarter.
On December 1 the company was downgraded from “” to “Neutral” in a report issued by Bank of America. Equity analyst Wedbush started covering INFY giving it an initial rating of “Neutral” and price target of $18.00.
On July 18 the stock rating was downgraded to “Neutral” from “” in an announcement from Nomura. On July 18 the company was set at “Buy” by Credit Suisse which was a cut from the previous “Outperform” rating.
On May 26 the company was upgraded from “” to “Buy” in a statement from Goldman Sachs. On February 19 analysts at Cowen & Company released its first research report on the stock with an initial rating of “Market Perform” and setting a price target of $18.00.
The company is so far trading up by 0.74% since yesterday’s close of $15.47. Infosys Limited American Deposi also announced a dividend which was paid on Thursday the 29th of June 2017. The dividend payment was $0.115 per share for the quarter which is $0.46 annualized. The dividend yield was $3.06. The ex-dividend date was Wednesday the 31st of May 2017.
Shares are trading at $15.59 which is a tad above $15.10, the 50 day moving average and just above the 200 day moving average of $14.93. The 50 day moving average moved up $0.49 whereas the 200 day moving average was up $0.66 or +4.44%.
The company’s P/E ratio is 16.66 and market capitalization is 35.63B. As of the latest earnings report the EPS was $0.94 and is expected to be $0.97 for the current year with 2,285,655,000 shares currently outstanding. Next quarter’s EPS is estimated at $0.24 and the next full year EPS is anticipated to be $1.05.