Headlines about Infosys (NYSE:INFY) have trended neutral this week, according to InfoTrie. The research firm ranks the sentiment of press coverage by monitoring more than 6,000 blog and news sources in real time. The firm ranks coverage of public companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Infosys earned a media sentiment score of 0.48 on their scale. InfoTrie also assigned news stories about the technology company an news buzz score of 10 out of 10, meaning that recent press coverage is extremely likely to have an effect on the company’s share price in the immediate future.
Here are some of the news headlines that may have impacted Infosys’ analysis:
- Tech-services firm Infosys bringing innovation hub to DFW with plans to hire 500 in Texas (bizjournals.com)
- Infosys to Open Technology and Innovation Hub in Texas and Hire 500 American Workers by 2020 (finance.yahoo.com)
- Two Scientists from IISc were among the 6 Scientists selected for Infosys Prize 2018 (news.webindia123.com)
- Six researchers awarded USD 100k Infosys prize (ptinews.com)
- Six Professors Win Infosys Prize 2018 For Science And Research (ndtv.com)
INFY stock traded up $0.06 on Tuesday, reaching $9.40. The company’s stock had a trading volume of 5,937,774 shares, compared to its average volume of 11,541,696. Infosys has a 52 week low of $7.16 and a 52 week high of $10.65. The firm has a market capitalization of $41.25 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 1.82 and a beta of 0.42.
The firm also recently disclosed a dividend, which was paid on Friday, October 26th. Investors of record on Friday, October 26th were issued a $0.085 dividend. The ex-dividend date was Thursday, October 25th. Infosys’s dividend payout ratio (DPR) is 34.00%.
Several equities analysts have recently commented on the company. ValuEngine lowered Infosys from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. Cantor Fitzgerald upped their target price on Infosys from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Cowen increased their price objective on Infosys from $16.00 to $17.00 and gave the stock a “market perform” rating in a report on Monday, July 16th. BMO Capital Markets reissued a “hold” rating and issued a $11.00 price objective on shares of Infosys in a report on Wednesday, October 17th. Finally, Robert W. Baird increased their price objective on Infosys from $9.00 to $10.00 and gave the stock a “neutral” rating in a report on Friday, September 14th. Five investment analysts have rated the stock with a sell rating, eight have issued a hold rating and three have issued a buy rating to the company. Infosys currently has an average rating of “Hold” and an average target price of $15.26.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
Recommended Story: How is a Moving Average Calculated?
Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.