Infosys Ltd (INFY) Holds Negative Momentum As Price is Below the Cloud

Shares of Infosys Ltd (INFY) recently touched 11.05, which places the stock below the Ichimoku cloud, indicating bearish momentum and a potential …

Shares of Infosys Ltd (INFY) recently touched 11.05, which places the stock below the Ichimoku cloud, indicating bearish momentum and a potential sell signal for the equity. Shares of Infosys Ltd opened the last session at 10.87, touching a high of 11.05 and a low of 10.77 , yielding a change of 0.14.

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Ichimoku Kinko Hyo is a technical trend trading charting system that has been used by Japanese commodity and stock market traders for decades and is gaining increasing popularity amongst western stock market traders, being commonly referred to as Ichimoku Cloud charts. Ichimoku Kinko Hyo, which translates to “equilibrium at a glance chart”, was developed to allow a trader to quickly and easily appraise the trend, momentum, and support and resistance levels of an asset, from a single chart.

Many traders use technical analysis to make stock trading decisions. One of the most popular technical indicators is the moving average. Moving averages are versatile and can be used to smooth out stock price fluctuations. Moving averages can be used to help determine underlying trends and to spot early stage directional changes. Moving averages can be observed from various time periods. Depending on the time frame used when monitoring moving averages, investors may look to identify buy and sell signals based on stock price crossovers of a particular MA. Many traders will use MA indicators alongside other technical indicators to help spot the best positions for entry and exit points.Another popular indicator among technical analysts that can help to measure the strength of market momentum is the Average Directional Index or ADX. The ADX was created by J. Welles Wilder to help determine how strong a trend is. In general, a rising ADX line means that an existing trend is gaining strength. The opposite would be the case for a falling ADX line. At the time of writing, the 14-day ADX for Infosys Ltd (INFY) is standing at 19.87. Many chart analysts believe that an ADX reading over 25 would suggest a strong trend. A reading under 20 would suggest no trend, and a reading from 20-25 would suggest that there is no clear trend signal.

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Infosys Ltd (INFY)’s Williams Percent Range or 14 day Williams %R is sitting at -79.49. Typically, if the value heads above -20, the stock may be considered to be overbought. On the flip side, if the indicator goes under -80, this may signal that the stock is oversold. The RSI, or Relative Strength Index, is a commonly used technical momentum indicator that compares price movement over time. The RSI was created by J. Welles Wilder who was striving to measure whether or not a stock was overbought or oversold. The RSI may be useful for spotting abnormal price activity and volatility. The RSI oscillates on a scale from 0 to 100. The normal reading of a stock will fall in the range of 30 to 70. A reading over 70 would indicate that the stock is overbought, and possibly overvalued. A reading under 30 may indicate that the stock is oversold, and possibly undervalued. After a recent check, the 14-day RSI is currently at 44.23, the 7-day stands at 39.07, and the 3-day is sitting at 41.25.

Taking a look at another technical level, Infosys Ltd (INFY) presently has a 14-day Commodity Channel Index (CCI) of -87.70. Typically, the CCI oscillates above and below a zero line. Normal oscillations tend to stay in the range of -100 to +100. A CCI reading of +100 may represent overbought conditions, while readings near -100 may indicate oversold territory. Although the CCI indicator was developed for commodities, it has become a popular tool for equity evaluation as well. Moving average indicators are used widely for stock analysis. Many traders will use a combination of moving averages with different time frames to help review stock trend direction. One of the more popular combinations is to use the 50-day and 200-day moving averages. Investors may use the 200-day MA to help smooth out the data a get a clearer long-term picture. They may look to the 50-day or 20-day to get a better grasp of what is going on with the stock in the near-term. Presently, the 200-day moving average is at 10.43 and the 50-day is 10.98.

Investors may have to periodically remind themselves that they don’t have to be locked in to any given trade. Sometimes, even the best researched trade may go sour. Doubling down on losses can be a dangerous game even for the experienced investor. Investors may hold out exiting a certain trade with the hope that eventually the stock will bounce back and they can at least break even. Of course this may occasionally be the case, but there is also the chance that a stock may continue to spiral downward. Investors who are able to control their emotions and logically manage their positions may give themselves a slight advantage when tough decisions need to be made. Nobody can say for sure which way the market momentum will swing on any given day, but being prepared for those swings can help the trader or investor make the best possible decisions at any given moment.

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DNB Asset Management AS Cuts Stock Holdings in Infosys Ltd (NYSE:INFY)

DNB Asset Management AS trimmed its holdings in Infosys Ltd (NYSE:INFY) by 7.8% during the 2nd quarter, according to its most recent Form 13F …

Infosys logoDNB Asset Management AS trimmed its holdings in Infosys Ltd (NYSE:INFY) by 7.8% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 49,683 shares of the technology company’s stock after selling 4,200 shares during the period. DNB Asset Management AS’s holdings in Infosys were worth $532,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently bought and sold shares of INFY. FMR LLC lifted its holdings in Infosys by 46,711,314.8% during the first quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock worth $275,699,000 after buying an additional 25,224,110 shares during the period. Lazard Asset Management LLC lifted its holdings in Infosys by 32.0% during the first quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock worth $413,599,000 after buying an additional 9,169,543 shares during the period. FIL Ltd lifted its holdings in Infosys by 77.4% during the first quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock worth $211,333,000 after buying an additional 8,433,557 shares during the period. GQG Partners LLC lifted its holdings in Infosys by 16.7% during the first quarter. GQG Partners LLC now owns 24,689,394 shares of the technology company’s stock worth $269,535,000 after buying an additional 3,541,726 shares during the period. Finally, Investec Asset Management LTD lifted its holdings in shares of Infosys by 8.6% during the 1st quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock valued at $470,503,000 after purchasing an additional 3,418,796 shares during the last quarter. Institutional investors own 17.83% of the company’s stock.

Several brokerages have recently commented on INFY. Wells Fargo & Co set a $12.00 price objective on Infosys and gave the company a “hold” rating in a report on Friday, May 31st. Investec lowered Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Credit Suisse Group lowered Infosys from a “neutral” rating to an “underperform” rating in a report on Monday, April 15th. BMO Capital Markets set a $13.00 price objective on Infosys and gave the company a “hold” rating in a report on Monday, July 15th. Finally, Deutsche Bank lowered Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Two analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has given a buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $10.96.

Shares of NYSE:INFY traded down $0.05 during trading on Monday, reaching $11.08. 4,498,490 shares of the company’s stock traded hands, compared to its average volume of 11,304,526. Infosys Ltd has a fifty-two week low of $8.85 and a fifty-two week high of $11.64. The stock has a market cap of $48.90 billion, a price-to-earnings ratio of 20.52, a PEG ratio of 2.15 and a beta of 0.53. The stock has a 50-day simple moving average of $11.08.

Infosys (NYSE:INFY) last posted its earnings results on Friday, July 12th. The technology company reported $0.13 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.13. The firm had revenue of $218.03 billion for the quarter, compared to analysts’ expectations of $216.51 billion. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The company’s quarterly revenue was up 14.0% on a year-over-year basis. During the same period last year, the firm earned $0.13 EPS. Equities research analysts anticipate that Infosys Ltd will post 0.55 EPS for the current year.

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.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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Infosys Ltd (NYSE:INFY) Stock Position Decreased by Genesis Asset Managers LLP

Genesis Asset Managers LLP cut its position in shares of Infosys Ltd (NYSE:INFY) by 10.4% in the second quarter, according to its most recent 13F …

Infosys logoGenesis Asset Managers LLP cut its position in shares of Infosys Ltd (NYSE:INFY) by 10.4% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,844,307 shares of the technology company’s stock after selling 215,046 shares during the period. Infosys accounts for about 0.6% of Genesis Asset Managers LLP’s investment portfolio, making the stock its 16th largest position. Genesis Asset Managers LLP’s holdings in Infosys were worth $19,734,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Advisor Group Inc. grew its holdings in Infosys by 21.8% in the 2nd quarter. Advisor Group Inc. now owns 46,116 shares of the technology company’s stock valued at $494,000 after buying an additional 8,245 shares during the last quarter. Aperio Group LLC grew its holdings in Infosys by 4.9% in the 2nd quarter. Aperio Group LLC now owns 4,558,357 shares of the technology company’s stock valued at $48,774,000 after buying an additional 214,825 shares during the last quarter. BNP Paribas Arbitrage SA grew its holdings in Infosys by 370.3% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,323,528 shares of the technology company’s stock valued at $67,662,000 after buying an additional 4,978,991 shares during the last quarter. Stack Financial Management Inc grew its holdings in Infosys by 1.3% in the 2nd quarter. Stack Financial Management Inc now owns 906,761 shares of the technology company’s stock valued at $9,702,000 after buying an additional 11,916 shares during the last quarter. Finally, First Trust Advisors LP grew its holdings in Infosys by 7.7% in the 2nd quarter. First Trust Advisors LP now owns 4,533,226 shares of the technology company’s stock valued at $48,506,000 after buying an additional 323,228 shares during the last quarter. 17.83% of the stock is owned by institutional investors.

Shares of NYSE:INFY opened at $11.07 on Monday. Infosys Ltd has a 1-year low of $8.85 and a 1-year high of $11.64. The firm has a market cap of $48.90 billion, a price-to-earnings ratio of 20.50, a PEG ratio of 2.15 and a beta of 0.53. The stock’s 50 day moving average price is $11.06.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The company had revenue of $218.03 billion for the quarter, compared to analyst estimates of $216.51 billion. During the same quarter last year, the firm earned $0.13 EPS. Infosys’s revenue for the quarter was up 14.0% compared to the same quarter last year. Sell-side analysts anticipate that Infosys Ltd will post 0.55 EPS for the current fiscal year.

A number of analysts have issued reports on INFY shares. Deutsche Bank lowered Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Zacks Investment Research raised Infosys from a “sell” rating to a “hold” rating in a report on Friday, May 17th. ValuEngine lowered Infosys from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Wedbush reissued a “neutral” rating on shares of Infosys in a report on Friday, July 12th. Finally, Wells Fargo & Co set a $12.00 price objective on Infosys and gave the stock a “hold” rating in a report on Friday, May 31st. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has issued a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $10.96.

Infosys 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.

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Want to see what other hedge funds are holding INFY?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Ltd (NYSE:INFY).

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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Genesis Asset Managers LLP Has $19.73 Million Holdings in Infosys Ltd (NYSE:INFY)

Genesis Asset Managers LLP cut its stake in shares of Infosys Ltd (NYSE:INFY) by 10.4% in the second quarter, according to the company in its most …

Infosys logoGenesis Asset Managers LLP cut its stake in shares of Infosys Ltd (NYSE:INFY) by 10.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,844,307 shares of the technology company’s stock after selling 215,046 shares during the period. Infosys makes up approximately 0.6% of Genesis Asset Managers LLP’s investment portfolio, making the stock its 16th largest holding. Genesis Asset Managers LLP’s holdings in Infosys were worth $19,734,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in INFY. Next Capital Management LLC bought a new stake in Infosys during the first quarter worth about $26,000. Financial Gravity Wealth Inc. bought a new stake in Infosys during the first quarter worth about $27,000. NEXT Financial Group Inc raised its holdings in Infosys by 85.7% during the second quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,150 shares in the last quarter. Asahi Life Asset Management CO. LTD. bought a new stake in Infosys during the first quarter worth about $31,000. Finally, American Beacon Advisors Inc. raised its holdings in Infosys by 56.2% during the first quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock worth $34,000 after acquiring an additional 1,129 shares in the last quarter. 17.83% of the stock is owned by institutional investors and hedge funds.

NYSE:INFY opened at $11.07 on Monday. The company has a 50 day simple moving average of $11.06. The company has a market capitalization of $48.90 billion, a price-to-earnings ratio of 20.50, a price-to-earnings-growth ratio of 2.15 and a beta of 0.53. Infosys Ltd has a 12-month low of $8.85 and a 12-month high of $11.64.

Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.13. The firm had revenue of $218.03 billion for the quarter, compared to analyst estimates of $216.51 billion. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The business’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.13 earnings per share. On average, equities analysts anticipate that Infosys Ltd will post 0.55 earnings per share for the current year.

Several research firms recently issued reports on INFY. Deutsche Bank lowered Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Credit Suisse Group lowered Infosys from a “neutral” rating to an “underperform” rating in a research note on Monday, April 15th. BMO Capital Markets set a $13.00 price objective on Infosys and gave the company a “hold” rating in a research note on Monday, July 15th. Zacks Investment Research upgraded Infosys from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Finally, Wedbush restated a “neutral” rating on shares of Infosys in a research note on Friday, July 12th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has given a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of $10.96.

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.

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Want to see what other hedge funds are holding INFY?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Ltd (NYSE:INFY).

Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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NEXT Financial Group Inc Has $27000 Position in Infosys Ltd (NYSE:INFY)

NEXT Financial Group Inc increased its holdings in shares of Infosys Ltd (NYSE:INFY) by 85.7% during the 2nd quarter, according to the company in …

Infosys logoNEXT Financial Group Inc increased its holdings in shares of Infosys Ltd (NYSE:INFY) by 85.7% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,492 shares of the technology company’s stock after acquiring an additional 1,150 shares during the period. NEXT Financial Group Inc’s holdings in Infosys were worth $27,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Pennsylvania Trust Co bought a new position in shares of Infosys in the first quarter valued at about $1,502,000. Butensky & Cohen Financial Security Inc. boosted its position in shares of Infosys by 5.4% during the second quarter. Butensky & Cohen Financial Security Inc. now owns 232,950 shares of the technology company’s stock valued at $2,493,000 after buying an additional 11,915 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in shares of Infosys by 1,019.7% during the first quarter. Nomura Asset Management Co. Ltd. now owns 694,200 shares of the technology company’s stock valued at $7,587,000 after buying an additional 632,200 shares during the last quarter. Advisory Services Network LLC boosted its position in shares of Infosys by 491.3% during the first quarter. Advisory Services Network LLC now owns 24,999 shares of the technology company’s stock valued at $273,000 after buying an additional 20,771 shares during the last quarter. Finally, Commonwealth Bank of Australia boosted its position in shares of Infosys by 15.2% during the first quarter. Commonwealth Bank of Australia now owns 1,412,719 shares of the technology company’s stock valued at $15,435,000 after buying an additional 186,396 shares during the last quarter. Institutional investors and hedge funds own 17.83% of the company’s stock.

Several research firms recently commented on INFY. Deutsche Bank cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Credit Suisse Group cut Infosys from a “neutral” rating to an “underperform” rating in a research report on Monday, April 15th. Wedbush reissued a “neutral” rating on shares of Infosys in a research report on Friday, July 12th. Nomura raised Infosys from a “reduce” rating to a “neutral” rating in a research report on Monday, July 15th. Finally, Investec cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the stock. The stock presently has an average rating of “Hold” and an average target price of $10.96.

Shares of Infosys stock opened at $11.13 on Monday. The stock has a market cap of $48.90 billion, a PE ratio of 20.61, a price-to-earnings-growth ratio of 2.15 and a beta of 0.53. The business has a 50 day moving average of $11.06. Infosys Ltd has a one year low of $8.85 and a one year high of $11.64.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The company had revenue of $218.03 billion during the quarter, compared to analysts’ expectations of $216.51 billion. Infosys had a return on equity of 25.55% and a net margin of 18.26%. Infosys’s revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.13 EPS. As a group, equities analysts anticipate that Infosys Ltd will post 0.55 earnings per share for the current fiscal year.

Infosys 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.

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Institutional Ownership by Quarter for Infosys (NYSE:INFY)

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