11.21 0.00 (0.00%)
After hours: 4:44PM EST
|Bid||11.19 x 47300|
|Ask||11.24 x 34100|
|Day's Range||11.14 - 11.27|
|52 Week Range||8.76 - 12.08|
|Beta (5Y Monthly)||0.01|
|PE Ratio (TTM)||20.68|
|Forward Dividend & Yield||0.22 (2.04%)|
|Ex-Dividend Date||Oct 21, 2019|
|1y Target Est||N/A|
Infosys is a huge consulting organization based in India, which works with clients as they implement complex software integrations. Today, the company announced it was buying Simplus, a Salesforce integration consultant, for $250 million. It brings a wide range of Salesforce consulting, training and integration services along with general Salesforce expertise, which Infosys hopes to put to work.
India is the world's largest democracy, and its economy has been growing rapidly over the past few decades. Not surprisingly, India has produced a number of billionaire businessmen and businesswomen. Although there are still many who live in poverty due to India's high levels of income inequality, the country has maintained a long tradition of entrepreneurship and wealth creation.
Noted financial-accounting expert Bob Willens highlights several tax issues of growing importance to his clientele, as well as recent changes in the tax code that could confound—or reward—investors.
Moody's Investors Service, ("Moody's") placed Unisys Corporation's ("Unisys") B2 Corporate Family Rating ("CFR"), B2-PD Probability of Default rating, and B3 senior unsecured rating on review for upgrade. This rating action follows Unisys's announcement that the company has agreed to sell its US Federal business to Science Applications International Corp. ("SAIC") for $1.2 billion in an all-cash transaction (the "Divestiture"). Unisys plans to use the net proceeds for the principal and premium required to redeem all of its $440 million of 10.75% Senior Secured Notes and to make a pension contribution of $600 million.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged in 2019. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 57%. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. That's why we weren't […]
A less-than-stellar jobs reports caused stocks to take a breather on Friday. Let's take a look at a few top stock trades for next week: Top Stock Trades for Tomorrow 1: Disney (DIS)Source: Chart courtesy of StockCharts.comWhile the broader market continues to churn its way to new highs, Disney (NYSE:DIS) stock is not whistling the same tune. To be fair, the stock is still up big, but after peaking in late-November, it's been unable to garner much upside action.It sits on key support, as investors wonder whether this will give DIS a much-needed boost or if it will fail and trigger more declines.InvestorPlace - Stock Market News, Stock Advice & Trading TipsThe stock was trading in a descending triangle pattern, as downtrend resistance (blue line) squeezed shares lower against a static level of support (black line). However, rather than break down -- which DIS almost did -- shares broke out over downtrend resistance.Almost right away though, shares were back under pressure, selling back down to $144.50. Now sitting near short-term support, the backside of prior downtrend support and the 50-day moving average, this is make-or-break territory in the short term. * The 7 Most Important Companies That Didn't Survive the 2010s On a bounce, see if DIS can take out its recent high at $148. If support fails, a test of the 200-day may be in order. Six Flags (SIX)Source: Chart courtesy of StockCharts.comSix Flags (NYSE:SIX) was decimated on Friday after warning on revenue. Shares blew through downtrend support (blue line) and right through the $40 mark, which has been a notable level over the past five years.Now just under $36, SIX is definitely in no man's land.If it continues lower, look to see if the $32.50 to $33 area buoys the name. If it begins to rally, see if the stock can reclaim prior downtrend support, then $40. Citigroup (C)Source: Chart courtesy of StockCharts.comCitigroup (NYSE:C) was the "pick of the decade" by Bank of America analysts the other day, but shares are looking tired ahead of its earnings report on Tuesday.In the event that we see more selling next week, either ahead of or after earnings, this one may be a solid buy-the-dip candidate. Specifically, I'm looking for a pullback to the $76 area, which was a big multi-year breakout level.Even though that would put it below uptrend support (blue line) and the 10-week moving average, that level would represent a good spot to nibble a long position -- provided its earnings results are not dramatically worse than expected. * 7 Earnings Reports to Watch Next Week Below that, and the $70 to $72 area may be a good spot to buy as well. Over last week's high of $81.26 and C can keep on running. Infosys (INFY)Source: Chart courtesy of StockCharts.comFor a $45 billion company, Infosys (NYSE:INFY) really does fly under the radar. The company rallied hard on Friday after reporting earnings, but has since given up most of those gains.It could not penetrate the $11.20 level and is being sold into the close. From here, bulls will want to see the $10.40 to $10.50 level hold as support. The former has been significant over the past year, while the latter marks the 200-day moving average.On a rebound, see if INFY can take out $11.20.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long DIS. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * The Top 15 Stocks to Buy in 2020 * The 7 Most Important Companies That Didn't Survive the 2010s * 4 Mega-Tech Stocks Reaching for the Sky The post 4 Top Stock Trades for Monday: DIS, SIX, C and INFY appeared first on InvestorPlace.
India's second-biggest IT company, Infosys Ltd , said it found no evidence of financial misconduct by its executives following a investigation into whistleblower complaints. Bengaluru-headquartered Infosys, which earlier on Friday raised its revenue forecasts due to upbeat demand from Western clients, said an audit committee report exonerated Chief Executive Officer Salil Parekh and Chief Financial Officer Nilanjan Roy of all allegations, including accusations that the duo prevented employees from presenting data on large deals. "I'm very happy that CEO Salil Parekh and CFO Nilanjan Roy have emerged from this stronger," Infosys Chairman Nandan Nilekani told reporters.
Infosys, a massive IT corporation with more than 200,000 employees worldwide, has leased more than 60,000 square feet at a 300-acre business park in North Austin, according to multiple sources.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through the end of November. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 54% and 51% respectively. Our research shows that most of the stocks that smart money likes historically generate strong […]
Johnson Fistel, LLP announces that class action lawsuits have been commenced on behalf of shareholders of the publicly-traded companies listed below. The Private Securities Litigation Reform Act of 1995 permits any investor who purchased a common stock during the Class Period to seek appointment as lead plaintiff. A lead plaintiff acts on behalf of all other class members in directing the litigation. The lead plaintiff can select a law firm of its choice. An investor's ability to share in any potential future recovery is not dependent upon serving as lead plaintiff. If you wish to serve as lead plaintiff, you must move the Court no later than the dates listed below. If you wish to discuss this action or have any questions concerning this notice or your rights or interests, please contact Jim Baker (firstname.lastname@example.org) at 619-814-4471. If emailing, please include a phone number.
Infosys (NYSE: INFY) has been named as a leader in the IDC MarketScape: Worldwide Intelligent Automation Services 2019 Vendor Assessment* for its worldwide Intelligent Automation (IA) services. The IDC MarketScape recognized Infosys' marketing and skills strategies, end-to-end life cycle of IA services portfolio, and the size of its dedicated IA sales and delivery resources.
Malaysia's sovereign wealth fund Khazanah Nasional Bhd has sold stakes worth 5.66 billion ringgit ($1.36 billion) in seven foreign firms including Alibaba Group Holding Ltd in the first 16 months of the current government, a minister said. Khazanah, which made its first loss in a decade last year, has been under pressure to raise funds for the debt-laden government of Prime Minister Mahathir Mohamad who took office in May last year. The fund has sold an undisclosed portion of its stake in Chinese e-commerce giant Alibaba worth 2.23 billion ringgit.