Infosys’ (INFY) Underperform Rating Reiterated at William Blair

William Blair reissued their underperform rating on shares of Infosys (NYSE:INFY) in a research report released on Friday.

Several other analysts also recently commented on INFY. Zacks Investment Research upgraded shares of Infosys from a hold rating to a buy rating and set a $18.00 price objective on the stock in a research report on Tuesday, December 26th. Cantor Fitzgerald restated a hold rating and set a $14.00 price objective on shares of Infosys in a research report on Sunday, January 7th. Morgan Stanley upgraded shares of Infosys from an equal weight rating to an overweight rating in a research report on Tuesday, January 16th. UBS upgraded shares of Infosys from a neutral rating to a buy rating in a research report on Monday, January 22nd. Finally, ValuEngine upgraded shares of Infosys from a hold rating to a buy rating in a research report on Friday, February 2nd. Four investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $16.35.

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INFY opened at $16.99 on Friday. Infosys has a 1-year low of $13.88 and a 1-year high of $18.71. The company has a market capitalization of $36,117.64, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.57.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. The firm had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. Infosys had a net margin of 22.73% and a return on equity of 21.69%. During the same period last year, the firm earned $0.24 EPS. sell-side analysts predict that Infosys will post 1.06 EPS for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. grew its stake in Infosys by 3.5% during the fourth quarter. BlackRock Inc. now owns 11,826,350 shares of the technology company’s stock valued at $191,823,000 after acquiring an additional 399,254 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Infosys by 358.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,679,711 shares of the technology company’s stock valued at $75,905,000 after acquiring an additional 3,658,003 shares in the last quarter. Maple Brown Abbott Ltd grew its stake in Infosys by 71.2% during the fourth quarter. Maple Brown Abbott Ltd now owns 4,103,548 shares of the technology company’s stock valued at $66,560,000 after acquiring an additional 1,706,482 shares in the last quarter. Aperio Group LLC grew its stake in Infosys by 27.6% during the fourth quarter. Aperio Group LLC now owns 1,104,950 shares of the technology company’s stock valued at $17,922,000 after acquiring an additional 239,285 shares in the last quarter. Finally, First Allied Advisory Services Inc. purchased a new position in Infosys during the fourth quarter valued at $388,000. 19.51% of the stock is owned by institutional investors.

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About Infosys

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.

Analyst Recommendations for Infosys (NYSE:INFY)

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