BMO Capital Markets Lowers Infosys (NYSE:INFY) Price Target to $15.00

Infosys (NYSE:INFYGet Free Report) had its target price lowered by investment analysts at BMO Capital Markets from $20.00 to $15.00 in a research report issued to clients and investors on Friday,Benzinga reports. The firm presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ price target indicates a potential upside of 19.66% from the company’s current price.

INFY has been the subject of a number of other reports. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Infosys in a research note on Monday, December 29th. Jefferies Financial Group cut shares of Infosys from a “buy” rating to a “hold” rating and set a $14.31 price target for the company. in a research note on Monday, February 23rd. Susquehanna decreased their price objective on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday. Stifel Nicolaus set a $15.00 price objective on shares of Infosys in a report on Thursday. Finally, TD Cowen decreased their price objective on shares of Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a report on Monday, April 6th. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Infosys currently has a consensus rating of “Reduce” and an average price target of $14.22.

Get Our Latest Stock Report on INFY

Infosys Stock Performance

Shares of NYSE:INFY traded down $0.41 on Friday, reaching $12.54. The company’s stock had a trading volume of 3,126,084 shares, compared to its average volume of 16,919,570. Infosys has a 52-week low of $12.46 and a 52-week high of $30.00. The company has a market cap of $50.71 billion, a P/E ratio of 16.28, a PEG ratio of 1.72 and a beta of 1.00. The company has a 50-day simple moving average of $13.87 and a 200 day simple moving average of $16.23.

Infosys (NYSE:INFYGet Free Report) last released its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Infosys had a net margin of 16.16% and a return on equity of 30.60%. The firm had revenue of $5.04 billion during the quarter, compared to analysts’ expectations of $5.02 billion. On average, equities research analysts forecast that Infosys will post 0.78 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Trinity Street Asset Management LLP increased its position in Infosys by 45.5% in the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock worth $201,820,000 after purchasing an additional 4,674,742 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in Infosys by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after purchasing an additional 3,804 shares in the last quarter. NewEdge Advisors LLC raised its holdings in Infosys by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock worth $1,003,000 after buying an additional 24,426 shares during the period. Finally, Dynamic Technology Lab Private Ltd bought a new stake in Infosys in the 1st quarter valued at approximately $239,000. 16.20% of the stock is owned by institutional investors.

Infosys News Summary

Here are the key news stories impacting Infosys this week:

Infosys Company Profile

(Get Free Report)

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

Featured Stories

Analyst Recommendations for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.