Infosys Limited (INFY) Reaches $19.30 52-Week High; Stadium Capital Management Has Upped Ascena Retail Group (ASNA) Position By $3.32 Million

Infosys Limited (NYSE:INFY) Logo

The stock of Infosys Limited (NYSE:INFY) hit a new 52-week high and has $20.84 target or 8.00% above today’s $19.30 share price. The 7 months bullish chart indicates low risk for the $41.80 billion company. The 1-year high was reported on Jun, 29 by Barchart.com. If the $20.84 price target is reached, the company will be worth $3.34 billion more. The stock increased 1.58% or $0.3 during the last trading session, reaching $19.3. About 2.21 million shares traded. Infosys Limited (NYSE:INFY) has risen 18.12% since June 29, 2017 and is uptrending. It has outperformed by 5.55% the S&P500. Some Historical INFY News: 13/04/2018 – INDIA’S INFOSYS’ EXEC SAYS CO EXPLORING POTENTIAL BUYERS FOR SUBSIDIARIES INCLUDING SKAVA AND PANAYA; 13/04/2018 – INFOSYS LTD INFY.NS – MARCH QTR ANNUALIZED CONSOLIDATED EMPLOYEE ATTRITION AT 19.5 PCT VS 17.1 PCT; 13/04/2018 – INFOSYS 4Q DIV/SHR 20.50 RUPEES; 13/04/2018 – Infosys expects revenue to raise 6%-8% this year as new CEO charts fresh plans; 30/05/2018 – INFOSYS LTD INFY.NS – COMPLETES ACQUISITION OF WONGDOODY; 06/03/2018 – Infosys Opens Indianapolis Technology and Innovation Hub; 08/04/2018 – Mint: With new CEO in place, Nandan Nilekani takes a step back at Infosys; 15/03/2018 – INFOSYS: / MEDIA RELEASE (REVISED); 13/04/2018 – Infosys’ new CEO to sell 3 subsidiaries bought by predecessor; 13/04/2018 – INFOSYS- ANTICIPATES COMPLETION OF SALE OF KALLIDUS, SKAVA, PANAYA BY MARCH 2019

Stadium Capital Management Llc increased Ascena Retail Group Inc (ASNA) stake by 9.45% reported in 2018Q1 SEC filing. Stadium Capital Management Llc acquired 1.66M shares as Ascena Retail Group Inc (ASNA)’s stock rose 34.75%. The Stadium Capital Management Llc holds 19.23 million shares with $38.66 million value, up from 17.57M last quarter. Ascena Retail Group Inc now has $789.73 million valuation. The stock decreased 2.02% or $0.085 during the last trading session, reaching $4.115. About 325,396 shares traded. Ascena Retail Group, Inc. (NASDAQ:ASNA) has risen 84.88% since June 29, 2017 and is uptrending. It has outperformed by 72.31% the S&P500. Some Historical ASNA News: 05/03/2018 ASCENA RETAIL 2Q ADJ LOSS/SHR 12C, EST. LOSS/SHR 9.0C; 05/03/2018 – Ascena Retail Quarterly Loss Wider Than Expected — MarketWatch; 05/03/2018 – Ascena Retail Sees 3Q Adj Loss/Shr 12c-Adj Loss/Shr 7c; 08/03/2018 – ascena retail group Celebrates International Women’s Day; 05/03/2018 – RPT-ASCENA RETAIL GROUP INC – FOR THREE MONTHS ENDED JANUARY 27, 2018, RECORDED TAX BENEFIT OF $22 MLN ON PRE-TAX LOSS OF $61 MLN; 14/03/2018 – S&P REVISES ASCENA RETAIL GROUP INC. TO RATING ‘B’ FROM ‘B+’; OUTLOOK ‘NEGATIVE’; 20/03/2018 – Ascena Retail General Counsel Duane D. Holloway Resigning to Join Another Public Company; 14/03/2018 – S&PGR Lowers Ascena Retail Grp Rtg To ‘B’; Otlk Negative; 15/05/2018 – Sterling Capital Management LLC Exits Position in Ascena Retail; 05/03/2018 – ASCENA RETAIL GROUP INC – FOR THREE MONTHS ENDED JANUARY 27, 2018, RECORDED TAX BENEFIT OF $22 MLN ON PRE-TAX LOSS OF $61 MLN

Analysts await Infosys Limited (NYSE:INFY) to report earnings on July, 13. They expect $0.25 earnings per share, up 4.17% or $0.01 from last year’s $0.24 per share. INFY’s profit will be $541.45M for 19.30 P/E if the $0.25 EPS becomes a reality. After $0.26 actual earnings per share reported by Infosys Limited for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

Among 8 analysts covering Infosys Limited (NYSE:INFY), 2 have Buy rating, 2 Sell and 4 Hold. Therefore 25% are positive. Infosys Limited has $20.3000 highest and $1400 lowest target. $16.61’s average target is -13.94% below currents $19.3 stock price. Infosys Limited had 10 analyst reports since January 4, 2018 according to SRatingsIntel. As per Tuesday, April 3, the company rating was maintained by Robert W. Baird. The rating was maintained by Jefferies on Monday, April 16 with “Buy”. The stock has “Negative” rating by Susquehanna on Monday, February 5. BMO Capital Markets maintained Infosys Limited (NYSE:INFY) rating on Friday, January 12. BMO Capital Markets has “Hold” rating and $18.0 target. The firm earned “Hold” rating on Friday, April 13 by Stifel Nicolaus. The company was maintained on Monday, January 15 by Cowen & Co. On Thursday, January 4 the stock rating was maintained by Robert W. Baird with “Hold”. The stock of Infosys Limited (NYSE:INFY) earned “Buy” rating by Goldman Sachs on Monday, February 5. Susquehanna maintained it with “Sell” rating and $1400 target in Monday, April 16 report.

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. The company has market cap of $41.80 billion. 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. It has a 17.55 P/E ratio. The companyÂ’s products include Finacle, a banking solution that provides analytics, core banking, consumer e-banking, corporate e-banking, Islamic banking, mobile banking, origination, payments, SME enable, treasury, wealth management, and youth banking solutions.

Among 3 analysts covering Ascena Retail Group (NASDAQ:ASNA), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. Ascena Retail Group had 3 analyst reports since March 6, 2018 according to SRatingsIntel. As per Tuesday, March 6, the company rating was maintained by B. Riley & Co. The rating was maintained by FBR Capital with “Hold” on Tuesday, March 6.

Investors sentiment decreased to 1.09 in 2018 Q1. Its down 0.09, from 1.18 in 2017Q4. It turned negative, as 28 investors sold ASNA shares while 38 reduced holdings. 21 funds opened positions while 51 raised stakes. 189.24 million shares or 9.56% more from 172.72 million shares in 2017Q4 were reported. Mackay Shields Ltd Company holds 412,900 shares. Public Sector Pension Inv Board has 107,354 shares for 0% of their portfolio. Pnc Svcs Group Inc Inc invested in 4,998 shares. Evergreen Capital Mgmt Limited Com stated it has 27,896 shares or 0.01% of all its holdings. Metropolitan Life Insurance Ny invested 0% of its portfolio in Ascena Retail Group, Inc. (NASDAQ:ASNA). Peak6 Lp owns 27,500 shares. New York State Common Retirement Fund invested in 0% or 175,659 shares. Great West Life Assurance Can owns 211,903 shares or 0% of their US portfolio. Alphamark Advisors, Kentucky-based fund reported 190 shares. Quantitative Investment Mgmt Ltd Liability Corporation holds 161,800 shares or 0.01% of its portfolio. Geode Cap Ltd Liability Com has invested 0% in Ascena Retail Group, Inc. (NASDAQ:ASNA). Teacher Retirement System Of Texas, Texas-based fund reported 33,078 shares. Price T Rowe Assoc Md has 87,934 shares. National Asset Mngmt Inc has invested 0.01% in Ascena Retail Group, Inc. (NASDAQ:ASNA). Credit Suisse Ag reported 144,697 shares.

Ascena Retail Group, Inc. (NASDAQ:ASNA) Ratings Chart