After this morning's -2.9% drop to $22.07 per share, Infosys might just keep moving past its target price of $23.12. With an average analyst rating of buy, and target prices from $17.0 to $27.1, the stock's next move is anyone's guess.
Infosys's short interest — meaning the percentage of the share float that is being shorted — is lower than average at 2.2%. The stock's short ratio is 9.83. At 0.0%, the company's rate of insider ownership does not indicate that management is heavily invested in the corporation.
Another number to watch is the company's rate of institutional share ownership, which now stands at 12.2%. In conclusion, we believe there is mixed market sentiment regarding Infosys.
Institutions Invested in Infosys
| Date Reported | Holder | Percentage | Shares | Value |
|---|---|---|---|---|
| 2024-09-30 | JP Morgan Chase & Company | 1% | 60,856,068 | $1,343,093,402 |
| 2024-09-30 | First Trust Advisors LP | 1% | 28,301,205 | $624,607,585 |
| 2024-09-30 | Robeco Institutional Asset Management B.V. | 1% | 24,339,983 | $537,183,417 |
| 2024-09-30 | State Street Corporation | 0% | 17,992,940 | $397,104,180 |
| 2024-09-30 | Deutsche Bank Aktiengesellschaft | 0% | 16,706,122 | $368,704,107 |
| 2024-09-30 | Blackrock Inc. | 0% | 15,427,603 | $340,487,193 |
| 2024-09-30 | Fisher Asset Management, LLC | 0% | 14,415,018 | $318,139,442 |
| 2024-09-30 | Canada Pension Plan Investment Board | 0% | 13,374,340 | $295,171,679 |
| 2024-09-30 | HSBC Holdings PLC | 0% | 13,292,679 | $293,369,421 |
| 2024-09-30 | Acadian Asset Management. LLC | 0% | 11,638,405 | $256,859,594 |
