A director at Infosys Ltd sold 25,000 shares at 18.480USD and the significance rating of the trade was 85/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sho...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
SPX 4400 Target In Sight; Constructive Outlook Intact Our weight of the evidence approach continues to lead us to our view that the market remains mixed-yet-constructive overall. We explain our outlook below. S&P 500. The S&P 500 remains bullish, progressing past our first target of 4350 and now on its way to our next target of 4400-4406. As long as 4257-4275 support holds, we expect to see 4400 followed by 4460. Should 4257 fail to hold, our next support levels to watch would be 4164 followed...
Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.
We were surprised by the strength of Infosys’ first-quarter performance with the firm posting healthy low-teens revenue growth and recording its highest ever large deal with a total contract value of $2.7 billion. The first quarter was a validation of Infosys’ improving position within the digital services market as the company signed 13 key large deals across multiple industries while announcing industry-leading digital services growth of 41.9% year over year in constant currency. To that e...
We were surprised by the strength of Infosys’ first-quarter performance with the firm posting healthy low-teens revenue growth and recording its highest ever large deal with a total contract value of $2.7 billion. The first quarter was a validation of Infosys’ improving position within the digital services market as the company signed 13 key large deals across multiple industries while announcing industry-leading digital services growth of 41.9% year over year in constant currency. To that e...
Infosys is one of India’s most pre-eminent providers of IT services. However, the company has suffered from its slow-moving legacy past (smaller, more discretionary projects) and out-of-date go-to-market strategy, resulting in low revenue growth relative to peers, margin compression, leadership churn, and high employee attrition. In light of these issues, Infosys has launched a number of initiatives to improve its performance. The company has some way to go before rectifying its position, but ...
Infosys reported nice results for the fourth quarter. Highlights included the doubling of large-deal total contract value and hefty growth in digital-related revenue. However, employee attrition continues to be a problem for its employee base of three to five years’ tenure. Nonetheless, we think Infosys is continuing to obliterate its perception as a slow-moving legacy business with its digital strategy and new go-to-market approach. We’re maintaining our $8.80 fair value estimate and narrow...
Market rangebound; Upgrading Services In last week's Compass we made several observations which led us to be cautious. All of the concerning observations have since reversed as the market found support: the U.S. dollar weakened, defensive areas underperformed, cyclical areas held at logical support, high yield spreads narrowed, and the 10-year Treasury yield found support. These positive developments are encouraging, however we believe the market remains rangebound. • S&P 500 levels. We beli...
Caution warranted; Downgrading Materials We continue to believe that caution is warranted and we are concerned that key support levels we have been monitoring may not hold -- notably 2,800 and the 200-day MA on the S&P 500 and 4,125 and the 200-day MA on the equal-weighted S&P 500. Below we highlight several negative developments which increase the likelihood of a breakdown below these key S&P 500 support levels. • Cyclicals are deteriorating. We are downgrading Materials (XLB, RTM) to under...
Infosys is one of India’s most pre-eminent providers of IT services. However, the company has suffered from its slow-moving legacy past (smaller, more discretionary projects) and out-of-date go-to-market strategy, resulting in low revenue growth relative to peers, margin compression, leadership churn, and high employee attrition. In light of these issues, Infosys has launched a number of initiatives to improve its performance. The company has some way to go before rectifying its position, but ...
Infosys reported nice results for the fourth quarter. Highlights included the doubling of large-deal total contract value and hefty growth in digital-related revenue. However, employee attrition continues to be a problem for its employee base of three to five years’ tenure. Nonetheless, we think Infosys is continuing to obliterate its perception as a slow-moving legacy business with its digital strategy and new go-to-market approach. We’re maintaining our $8.80 fair value estimate and narrow...
Infosys reported nice results for the fourth quarter. Highlights included the doubling of large-deal total contract value and hefty growth in digital-related revenue. However, employee attrition continues to be a problem for its employee base of three to five years’ tenure. Nonetheless, we think Infosys is continuing to obliterate its perception as a slow-moving legacy business with its digital strategy and new go-to-market approach. We’re maintaining our $8.80 fair value estimate and narrow...
Infosys reported nice results for the fourth quarter. Highlights included the doubling of large-deal total contract value and hefty growth in digital-related revenue. However, employee attrition continues to be a problem for its employee base of three to five years’ tenure. Nonetheless, we think Infosys is continuing to obliterate its perception as a slow-moving legacy business with its digital strategy and new go-to-market approach. We’re maintaining our $8.80 fair value estimate and narrow...
MTZ currently trades above recent averages relative to UAFRS-based (Uniform) Earnings, with a 16.8x Uniform P/E. However, even at these levels, the market is pricing in expectations for Uniform ROA to compress from 10% in 2018 to 5% in 2023, accompanied by 10% Uniform Asset growth going forward. Analysts have slightly less bearish expectations, projecting Uniform ROA to maintain 10% levels in 2020, accompanied by 5% Uniform Asset growth. Meanwhile, management is confident about their long-term o...
Market activity, both bonds and stocks, has been all about realigning expectations. Wednesday's Fed announcement was more dovish than expected, and the market is now pricing in roughly 25bps of cuts by the end of 2019. Stocks reacted positively on Thursday, but then reversed (and then some) on Friday as global growth concerns became a little more serious. We continue to maintain our positive outlook and highlight below several observations which lead us to this conclusion. • Broadening yield ...
Infosys Limited (INFY:USA) currently trades below historical averages relative to UAFRS-based Earnings, with a 19.5x Uniform P/E, implying bearish expectations for the firm. Moreover, management appears concerned about their revenue and margin guidance, digital consulting capabilities, and momentum in account acquisitions. Specifically, management may lack confidence in their ability to meet revenue and margin guidance, and their ability to maintain operating and free cash flow levels. In addit...
Like peer TCS on Jan. 10, Infosys recorded a good third fiscal quarter with the firm posting double-digit constant currency revenue growth. The performance underlies better momentum for the overall IT services industry and signifies an improvement in some of Infosys’ key business segments such as financial services. The firm’s digital business grew 33.1% in constant currency on a year-over-year basis and constituted 31.5% of Infosys’ total revenue. The digital performance continues to driv...
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