Infosys Ltd. (INFY) Given Consensus Recommendation of “Hold” by Brokerages
Infosys Ltd. (NYSE:INFY) has been given a consensus rating of “Hold” by the fifteen analysts that are covering the stock. Thirteen investment analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $17.45.
Several brokerages have commented on INFY. Nomura lowered shares of Infosys from a “buy” rating to a “neutral” rating in a research report on Monday, July 18th. Pacific Crest reaffirmed a “hold” rating on shares of Infosys in a research report on Monday, October 10th. Credit Suisse Group AG lowered shares of Infosys from an “outperform” rating to a “neutral” rating and lifted their price objective for the stock from $15.71 to $16.81 in a research report on Monday, July 18th. Cantor Fitzgerald reaffirmed a “hold” rating on shares of Infosys in a research report on Monday, August 8th. Finally, Zacks Investment Research raised shares of Infosys from a “sell” rating to a “hold” rating in a research report on Wednesday, September 21st.
Shares of Infosys (NYSE:INFY) traded up 1.34% on Tuesday, hitting $15.91. 2,498,152 shares of the company’s stock were exchanged. The stock’s 50 day moving average is $16.00 and its 200 day moving average is $17.46. The firm has a market cap of $36.36 billion, a P/E ratio of 17.48 and a beta of 1.07. Infosys has a 12 month low of $15.48 and a 12 month high of $20.47.
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Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, October 14th. The company reported $0.24 earnings per share for the quarter, hitting the consensus estimate of $0.24. Infosys had a net margin of 21.19% and a return on equity of 23.26%. The business had revenue of $2.59 billion for the quarter. During the same quarter last year, the firm posted $0.23 earnings per share. The firm’s revenue for the quarter was up 10.7% compared to the same quarter last year. On average, equities analysts predict that Infosys will post $0.95 earnings per share for the current year.
The company also recently announced a dividend, which will be paid on Wednesday, October 26th. Investors of record on Monday, October 24th will be issued a dividend of $0.17 per share. The ex-dividend date is Thursday, October 20th. Infosys’s dividend payout ratio (DPR) is presently 20.65%.
Hedge funds have recently bought and sold shares of the company. UBS Asset Management Americas Inc. raised its stake in Infosys by 114.1% in the second quarter. UBS Asset Management Americas Inc. now owns 12,486,489 shares of the company’s stock worth $222,885,000 after buying an additional 6,653,266 shares during the period. Genesis Asset Managers LLP raised its stake in Infosys by 37.7% in the third quarter. Genesis Asset Managers LLP now owns 12,715,422 shares of the company’s stock worth $202,811,000 after buying an additional 3,481,819 shares during the period. Prudential PLC raised its stake in Infosys by 496.8% in the first quarter. Prudential PLC now owns 3,958,400 shares of the company’s stock worth $75,289,000 after buying an additional 3,295,100 shares during the period. Emerald Acquisition Ltd. purchased a new stake in Infosys during the second quarter worth $48,849,000. Finally, Credit Agricole S A raised its stake in Infosys by 326.1% in the first quarter. Credit Agricole S A now owns 2,444,178 shares of the company’s stock worth $46,488,000 after buying an additional 1,870,619 shares during the period. 17.22% of the stock is currently owned by institutional investors and hedge funds.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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