Infosys Limited’s (INFY) Hold Rating Reiterated at Stifel Nicolaus
Infosys Limited (NYSE:INFY)‘s stock had its “hold” rating reaffirmed by equities research analysts at Stifel Nicolaus in a research report issued on Friday. They currently have a $15.50 target price on the technology company’s stock. Stifel Nicolaus’ target price suggests a potential upside of 4.80% from the stock’s previous close.
Several other research firms have also recently commented on INFY. BMO Capital Markets reaffirmed a “hold” rating and issued a $16.00 target price on shares of Infosys Limited in a research note on Friday. UBS AG cut shares of Infosys Limited from a “buy” rating to a “hold” rating in a research note on Friday. BidaskClub cut shares of Infosys Limited from a “buy” rating to a “hold” rating in a research note on Monday, July 31st. Zacks Investment Research raised shares of Infosys Limited from a “sell” rating to a “hold” rating and set a $18.00 target price for the company in a research note on Monday, July 17th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and issued a $15.00 target price on shares of Infosys Limited in a research note on Friday, July 14th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $16.25.
Infosys Limited (NYSE INFY) traded down 7.16% during midday trading on Friday, hitting $14.79. The stock had a trading volume of 33,592,328 shares. Infosys Limited has a 12-month low of $13.42 and a 12-month high of $16.71. The stock has a 50-day moving average price of $15.52 and a 200 day moving average price of $15.13. The firm has a market cap of $33.81 billion, a P/E ratio of 15.58 and a beta of 0.79.
Infosys Limited (NYSE:INFY) last released its earnings results on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.01. The firm had revenue of $170.78 billion during the quarter, compared to analysts’ expectations of $170.51 billion. Infosys Limited had a net margin of 20.95% and a return on equity of 21.37%. Infosys Limited’s revenue for the quarter was up 1.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.22 EPS. On average, equities analysts anticipate that Infosys Limited will post $0.98 earnings per share for the current fiscal year.
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Several hedge funds have recently made changes to their positions in the stock. Kernodle & Katon Asset Management Group LLC bought a new stake in shares of Infosys Limited during the first quarter valued at about $100,000. PNC Financial Services Group Inc. boosted its stake in shares of Infosys Limited by 82.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock valued at $120,000 after buying an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC boosted its stake in shares of Infosys Limited by 198.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after buying an additional 5,295 shares in the last quarter. Equity Investment Corp Acquisition Inc bought a new stake in shares of Infosys Limited during the second quarter valued at about $151,000. Finally, Personal Capital Advisors Corp bought a new stake in shares of Infosys Limited during the second quarter valued at about $166,000. 20.54% of the stock is owned by institutional investors.
Infosys Limited 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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