Infosys (NYSE:INFY) Price Target Cut to $14.00 by Analysts at Susquehanna

Infosys (NYSE:INFY) had its target price lowered by Susquehanna from $15.00 to $14.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a negative rating on the technology company’s stock.

Other equities research analysts have also recently issued research reports about the stock. UBS Group upgraded shares of Infosys from a neutral rating to a buy rating in a research note on Wednesday, January 3rd. BNP Paribas started coverage on shares of Infosys in a research note on Wednesday, January 17th. They issued an outperform rating and a $24.00 target price for the company. Bank of America upgraded shares of Infosys from a neutral rating to a buy rating in a research note on Tuesday, April 9th. Guggenheim initiated coverage on shares of Infosys in a research note on Tuesday, March 19th. They set a neutral rating and a $20.00 price target for the company. Finally, Wedbush restated an outperform rating and set a $22.00 price target on shares of Infosys in a research note on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of Hold and a consensus price target of $19.27.

Infosys Price Performance

Infosys stock opened at $16.81 on Friday. The company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.18 and a beta of 0.93. The company’s fifty day moving average price is $18.80 and its two-hundred day moving average price is $18.34. Infosys has a one year low of $14.71 and a one year high of $20.74.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 33.26% and a net margin of 17.06%. During the same period last year, the business posted $0.18 earnings per share. As a group, sell-side analysts anticipate that Infosys will post 0.76 earnings per share for the current year.

Institutional Investors Weigh In On Infosys

Institutional investors have recently added to or reduced their stakes in the stock. Teacher Retirement System of Texas bought a new stake in Infosys in the 3rd quarter valued at $5,047,000. Vanguard Group Inc. lifted its position in Infosys by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock valued at $139,327,000 after acquiring an additional 180,888 shares in the last quarter. Rhumbline Advisers lifted its position in Infosys by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 908,911 shares of the technology company’s stock valued at $15,551,000 after acquiring an additional 26,833 shares in the last quarter. Baillie Gifford & Co. lifted its position in Infosys by 3.3% in the 4th quarter. Baillie Gifford & Co. now owns 3,190,513 shares of the technology company’s stock valued at $58,642,000 after acquiring an additional 102,273 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC lifted its position in Infosys by 39.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,744,741 shares of the technology company’s stock valued at $32,068,000 after acquiring an additional 491,350 shares in the last quarter. 10.89% of the stock is owned by institutional investors.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.