Infosys Ltd (NYSE:INFY) has been assigned a consensus recommendation of “Hold” from the eighteen analysts that are currently covering the company, MarketBeat reports. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have given a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $12.93.
Several analysts have recently issued reports on the company. ValuEngine upgraded Infosys from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Cantor Fitzgerald reiterated a “hold” rating and set a $10.00 price target on shares of Infosys in a research note on Friday. Wells Fargo & Co set a $11.00 price target on Infosys and gave the stock a “hold” rating in a research note on Friday. Zacks Investment Research downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. Finally, Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th.
A number of large investors have recently made changes to their positions in INFY. Capital Fund Management S.A. bought a new stake in Infosys during the 2nd quarter valued at approximately $285,000. Cubist Systematic Strategies LLC bought a new stake in shares of Infosys in the 2nd quarter worth approximately $222,000. Putnam Investments LLC bought a new stake in shares of Infosys in the 2nd quarter worth approximately $814,000. Nomura Holdings Inc. lifted its position in shares of Infosys by 321.2% in the 2nd quarter. Nomura Holdings Inc. now owns 40,724 shares of the technology company’s stock worth $643,000 after acquiring an additional 59,131 shares during the period. Finally, Advisors Asset Management Inc. lifted its position in shares of Infosys by 10.2% in the 2nd quarter. Advisors Asset Management Inc. now owns 66,850 shares of the technology company’s stock worth $1,299,000 after acquiring an additional 6,200 shares during the period. Hedge funds and other institutional investors own 18.18% of the company’s stock.
INFY opened at $10.41 on Friday. The stock has a market cap of $42.90 billion, a PE ratio of 20.82, a P/E/G ratio of 1.85 and a beta of 0.42. Infosys has a 52-week low of $8.24 and a 52-week high of $10.68.
Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $2.92 billion during the quarter, compared to the consensus estimate of $2.89 billion. Infosys had a return on equity of 24.56% and a net margin of 21.94%. During the same quarter in the prior year, the company posted $0.13 EPS. On average, research analysts expect that Infosys will post 0.52 earnings per share for the current year.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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