Infosys Ltd. (INFY) Stock Rating Reaffirmed by Morgan Stanley
Infosys Ltd. (NYSE:INFY)‘s stock had its “overweight” rating reaffirmed by Morgan Stanley in a research note issued on Tuesday.
Several other research firms also recently issued reports on INFY. Zacks Investment Research downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, June 21st. Oppenheimer Holdings Inc. reiterated a “hold” rating on shares of Infosys in a research note on Friday, July 15th. Pacific Crest began coverage on shares of Infosys in a research note on Tuesday, July 12th. They set a “sector weight” rating for the company. Cantor Fitzgerald reiterated a “hold” rating and set a $17.00 price objective on shares of Infosys in a research note on Monday, July 18th. Finally, BMO Capital Markets reiterated a “hold” rating on shares of Infosys in a research note on Monday, July 18th. Thirteen research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus target price of $17.97.
Infosys (NYSE:INFY) traded up 1.306% during trading on Tuesday, hitting $15.905. 2,140,099 shares of the stock were exchanged. The firm’s 50 day moving average price is $16.00 and its 200-day moving average price is $17.46. Infosys has a 1-year low of $15.48 and a 1-year high of $20.47. The stock has a market cap of $36.35 billion, a price-to-earnings ratio of 17.478 and a beta of 1.07.
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Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, October 14th. The company reported $0.24 EPS 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 firm earned $2.59 billion during the quarter. During the same period last year, the company posted $0.23 EPS. The business’s revenue for the quarter was up 10.7% on a year-over-year basis. On average, analysts anticipate that Infosys will post $0.95 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Wednesday, October 26th. Shareholders of record on Monday, October 24th will be paid a dividend of $0.17 per share. The ex-dividend date of this dividend is Thursday, October 20th. Infosys’s dividend payout ratio (DPR) is 20.65%.
A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Hexavest Inc. boosted its stake in shares of Infosys by 25.0% in the third quarter. Hexavest Inc. now owns 758,331 shares of the company’s stock worth $11,966,000 after buying an additional 151,853 shares during the period. Creative Planning boosted its stake in shares of Infosys by 24.4% in the third quarter. Creative Planning now owns 26,402 shares of the company’s stock worth $417,000 after buying an additional 5,179 shares during the period. Fisher Asset Management LLC boosted its stake in shares of Infosys by 2.6% in the third quarter. Fisher Asset Management LLC now owns 24,292,422 shares of the company’s stock worth $383,334,000 after buying an additional 624,769 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Infosys by 7.6% in the third quarter. Naples Global Advisors LLC now owns 81,275 shares of the company’s stock worth $1,283,000 after buying an additional 5,760 shares during the period. Finally, Genesis Asset Managers LLP boosted its stake in shares of 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. Hedge funds and other institutional investors own 17.22% of the company’s stock.
Infosys Company Profile
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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