Sunday, June 26, 2022

Investing in Infosys Limited (INFY) Is Getting More Attractive

HSBC Securities upgraded its Infosys Limited [INFY] rating to a Buy from a a Hold in a research note published on Tuesday. A number of analysts have revised their coverage, including Macquarie’s analysts, who began to cover the stock in mid April with a ‘”an Outperform”‘ rating. BofA Securities also remained covering INFY and has decreased its forecast on February 24, 2022 with a “Neutral” recommendation from previously “Buy” rating. Susquehanna revised its rating on January 10, 2022. It rated INFY as “a Positive” which previously was an “a Neutral”.


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Price Performance Review of INFY

On Tuesday, Infosys Limited [NYSE:INFY] saw its stock jump 5.69% to $18.77. On the same session, the stock had its day’s lowest price of $18.46, but rose to a high of $18.95. Over the last five days, the stock has gained 5.15%. Infosys Limited shares have fallen nearly -25.84% since the year began. Nevertheless, the stocks have fallen -8.57% over the past one year. While a 52-week high of $26.39 was reached on 01/12/22, a 52-week low of $17.52 was recorded on 06/17/22. SMA at 50 days reached $19.63, while 200 days put it at $22.49. A total of 14.78 million shares were traded, compared to the trading of 5.81 million shares in the previous session.

Levels Of Support And Resistance For INFY Stock

The 24-hour chart illustrates a support level at 18.50, which if violated will result in even more drops to 18.24. On the upside, there is a resistance level at 18.99. A further resistance level may holdings at 19.22. The Relative Strength Index (RSI) on the 14-day chart is 48.15, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.62, which suggests price will go down in the next trading period. Percent R suggests that price movement has been low at 41.09%. Stochastics %K at 27.18% indicates the stock is a holding.

Infosys Limited [INFY] – Who Are The Largest Shareholders?

In filings from GQG Partners LLC, it is revealed that the company now owns 45,091,842 shares, or roughly 1.07% of the outstanding INFY shares. In other words, the investor’s shares have fallen by -20,420,380 from its previous 13-F filing of 65512222.0. Additionally, JPMorgan Investment Management, I increased 28.19% of its stake after which the total value it holdings stand at $571,221,854, while Fidelity Management & Research Co added 97.18% of its stake to hold $418.15 million in the firm. Over the last quarter, JPMorgan Asset Management purchased 1,000,900 shares of Infosys Limited, while SSgA Funds Management, Inc. bought 5,143,124 shares. At present, Capital Research & Management Co is holding 17,935,758 shares valued at $338.27 million. FIL Investment Advisors owned 17,793,089 shares of the company at the time of its most recent 13F filing, worth $335.58 million.

According to FactSet, Infosys Limited’s share price will average $24.87 in the next year, based on opinions of analysts polled by the firm. This is up nearly 40.82 percent from its previous closing price of $17.76. Analysts expect Infosys Limited stock to reach the higher price of $30.00, while the lowest price estimate is $16.55. However, 49 analysts have rated INFY stock as an Overweight in their predictions for 2022.

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