Infosys Ltd (NYSE:INFY):
Infosys Partners With Udacity to Offer Self-Driving Car Engineer Nanodegree Program to Prepare Future Workforce for Jobs in the Autonomous Vehicle Engineering Space.
The company is up since yesterday’s close of 14.91.
Infosys Limited, launched on July 2, 1981, is involved in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology (IT) services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. The Business’s segments are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Company operates in North America, Europe, India and Rest of the World..
The P/E ratio is 15.38 and market cap is 33.20B. In the latest earnings report the EPS was $0.97 with 2.29B shares now outstanding.
Traders are a little more bearish on the company lately if you take a look at the change in short interest. The company realized a rise in short interest of 3.70% as of October 31, 2017 from the last reporting period. Short interest grew from 69,560,608 to 72,132,226 over that period. With short interest at 72,132,226 and short average daily volume at 6,901,702, the short-interest ratio is 10.0 and the short interest percentage is 0.03% as of October 31.
Ratings firms have issued ratings on the company recently. On October 26, 2017 Stifel Nicolaus reiterated a “Hold” rating on the company. October 24 investment analysts at Oppenheimer Holdings maintained a “Hold” rating on the company.
On October 12 Cowen and Company maintained a company rating of “Hold” targeting a price of $15.00. October 4 investment analysts at Robert W. Baird made no change to the stock rating of “Hold” projecting a price of $16.00.
On September 3 Robert W. Baird made no change to the company rating of “Hold” with a current price target of $16.00.