Infosys Ltd (INFY) Given Average Rating of “Hold” by Analysts
Infosys Ltd (NYSE:INFY) has been assigned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the company. Four analysts have rated the stock with a sell rating, twelve have given a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $16.22.
Several equities analysts recently weighed in on the stock. Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, April 11th. Cowen and Company set a $15.00 target price on shares of Infosys and gave the company a “hold” rating in a report on Thursday, April 13th. William Blair lowered shares of Infosys from a “market perform” rating to an “underperform” rating in a report on Thursday, April 13th. Stifel Nicolaus restated a “hold” rating and set a $15.50 target price on shares of Infosys in a report on Tuesday, April 18th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Infosys in a research note on Tuesday, April 18th.
Large investors have recently made changes to their positions in the stock. Summit Global Investments acquired a new stake in shares of Infosys during the first quarter worth $514,000. OLD Mutual Customised Solutions Proprietary Ltd. increased its stake in shares of Infosys by 40.1% in the first quarter. OLD Mutual Customised Solutions Proprietary Ltd. now owns 63,023 shares of the technology company’s stock worth $996,000 after buying an additional 18,023 shares in the last quarter. Credit Suisse AG increased its stake in shares of Infosys by 26.9% in the first quarter. Credit Suisse AG now owns 4,156,373 shares of the technology company’s stock worth $65,672,000 after buying an additional 880,044 shares in the last quarter. Jane Street Group LLC increased its stake in shares of Infosys by 746.3% in the first quarter. Jane Street Group LLC now owns 1,405,192 shares of the technology company’s stock worth $22,202,000 after buying an additional 1,239,146 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Infosys by 1.7% in the first quarter. AQR Capital Management LLC now owns 14,228,590 shares of the technology company’s stock worth $224,812,000 after buying an additional 231,710 shares in the last quarter. 17.71% of the stock is owned by institutional investors and hedge funds.
Shares of Infosys (NYSE:INFY) opened at 15.16 on Monday. Infosys has a 52-week low of $13.42 and a 52-week high of $19.76. The stock has a market cap of $34.65 billion, a price-to-earnings ratio of 16.20 and a beta of 0.90. The stock’s 50 day moving average price is $14.90 and its 200-day moving average price is $14.81.
Infosys (NYSE:INFY) last posted its earnings results on Thursday, April 13th. The technology company reported $0.24 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.24. The business had revenue of $171.20 billion for the quarter, compared to analyst estimates of $172.14 billion. Infosys had a net margin of 21.12% and a return on equity of 22.56%. The business’s quarterly revenue was up 3.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.23 EPS. On average, analysts predict that Infosys will post $0.97 earnings per share for the current fiscal year.
The firm also recently disclosed a dividend, which will be paid on Friday, June 2nd. Investors of record on Friday, June 2nd will be given a dividend of $0.21 per share. The ex-dividend date of this dividend is Wednesday, May 31st. This is an increase from Infosys’s previous dividend of $0.17. Infosys’s dividend payout ratio is currently 36.56%.
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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