Infosys Ltd ADR (INFY) Stock Rating Lowered by BidaskClub
Infosys Ltd ADR (NYSE:INFY) was downgraded by investment analysts at BidaskClub from a “sell” rating to a “strong sell” rating in a report released on Saturday.
Several other equities research analysts also recently weighed in on the company. Stifel Nicolaus restated a “hold” rating on shares of Infosys Ltd ADR in a report on Thursday, October 26th. Oppenheimer Holdings, Inc. reiterated a “hold” rating on shares of Infosys Ltd ADR in a report on Tuesday, October 24th. Cowen and Company reiterated a “hold” rating and issued a $15.00 price objective on shares of Infosys Ltd ADR in a report on Thursday, October 12th. Zacks Investment Research downgraded Infosys Ltd ADR from a “buy” rating to a “hold” rating in a report on Thursday, October 5th. Finally, Robert W. Baird reiterated a “hold” rating and issued a $16.00 price objective on shares of Infosys Ltd ADR in a report on Wednesday, October 4th. Three analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.34.
Shares of Infosys Ltd ADR (NYSE:INFY) traded up $0.04 during midday trading on Friday, reaching $14.63. The company’s stock had a trading volume of 2,350,000 shares, compared to its average volume of 5,330,000. Infosys Ltd ADR has a 12 month low of $13.42 and a 12 month high of $16.15. The stock has a market cap of $32,800.00, a P/E ratio of 15.04, a price-to-earnings-growth ratio of 1.58 and a beta of 0.72.
Infosys Ltd ADR (NYSE:INFY) last issued its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Infosys Ltd ADR had a return on equity of 21.05% and a net margin of 21.04%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the business earned $0.24 EPS. research analysts anticipate that Infosys Ltd ADR will post 0.98 EPS for the current fiscal year.
Several hedge funds and other institutional investors have recently made changes to their positions in INFY. Yacktman Asset Management LP acquired a new stake in shares of Infosys Ltd ADR in the 2nd quarter valued at about $57,772,000. Mondrian Investment Partners LTD boosted its position in shares of Infosys Ltd ADR by 67.4% in the 3rd quarter. Mondrian Investment Partners LTD now owns 8,792,515 shares of the technology company’s stock valued at $128,283,000 after purchasing an additional 3,541,514 shares during the period. Sustainable Growth Advisers LP boosted its position in shares of Infosys Ltd ADR by 104.0% in the 2nd quarter. Sustainable Growth Advisers LP now owns 5,361,595 shares of the technology company’s stock valued at $80,531,000 after purchasing an additional 2,733,992 shares during the period. Seafarer Capital Partners LLC boosted its position in shares of Infosys Ltd ADR by 29.1% in the 2nd quarter. Seafarer Capital Partners LLC now owns 9,655,000 shares of the technology company’s stock valued at $145,018,000 after purchasing an additional 2,177,500 shares during the period. Finally, Renaissance Technologies LLC acquired a new stake in shares of Infosys Ltd ADR in the 2nd quarter valued at about $32,433,000. 19.71% of the stock is owned by hedge funds and other institutional investors.
About Infosys Ltd ADR
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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