Infosys Limited (NYSE:INFY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Infosys Limited (NYSE:INFY) have received an average rating of “Hold” from the eleven research firms that are covering the company, MarketBeat reports. One investment analyst has rated the stock with a sell rating, four have given a hold rating and six have assigned a buy rating to the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $19.27.

Several research firms have recently commented on INFY. HSBC reiterated a “hold” rating and set a $20.10 target price on shares of Infosys in a research note on Friday, April 19th. Wedbush reissued an “outperform” rating and set a $22.00 price target on shares of Infosys in a research report on Wednesday, March 13th. Susquehanna dropped their price target on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a research report on Friday, April 19th. Guggenheim assumed coverage on Infosys in a research report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price target on the stock. Finally, JPMorgan Chase & Co. raised Infosys from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd.

Infosys Stock Down 0.7 %

NYSE INFY opened at $17.04 on Friday. The stock has a market cap of $70.51 billion, a PE ratio of 22.41, a P/E/G ratio of 2.32 and a beta of 0.93. The business has a 50 day moving average price of $18.63 and a two-hundred day moving average price of $18.34. Infosys has a fifty-two week low of $14.78 and a fifty-two week high of $20.74.

Infosys (NYSE:INFY) last released its earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The company had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same period in the prior year, the business posted $0.18 EPS. Sell-side analysts anticipate that Infosys will post 0.75 EPS for the current fiscal year.

Institutional Investors Weigh In On Infosys

Several large investors have recently added to or reduced their stakes in INFY. Vontobel Holding Ltd. increased its position in Infosys by 52.1% in the third quarter. Vontobel Holding Ltd. now owns 30,320 shares of the technology company’s stock worth $519,000 after buying an additional 10,388 shares during the period. Ritholtz Wealth Management increased its position in Infosys by 113.6% in the third quarter. Ritholtz Wealth Management now owns 45,634 shares of the technology company’s stock worth $781,000 after buying an additional 24,268 shares during the period. SG Americas Securities LLC increased its position in Infosys by 362.2% in the third quarter. SG Americas Securities LLC now owns 457,510 shares of the technology company’s stock worth $7,828,000 after buying an additional 358,528 shares during the period. Artemis Investment Management LLP increased its holdings in shares of Infosys by 6.4% during the third quarter. Artemis Investment Management LLP now owns 66,693 shares of the technology company’s stock valued at $1,141,000 after purchasing an additional 4,000 shares during the period. Finally, GAM Holding AG increased its holdings in shares of Infosys by 0.3% during the third quarter. GAM Holding AG now owns 471,040 shares of the technology company’s stock valued at $8,059,000 after purchasing an additional 1,200 shares during the period. 10.89% of the stock is owned by institutional investors and hedge funds.

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.