A number of other equities research analysts have also issued reports on the stock. Morgan Stanley reduced their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a report on Monday, April 15th. Nomura lowered shares of Infosys from a “neutral” rating to a “reduce” rating in a report on Monday, April 15th. Credit Suisse Group increased their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a report on Monday, April 15th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Finally, ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a report on Tuesday, July 2nd. Three equities research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $11.36.
Infosys stock traded up $0.70 during mid-day trading on Friday, reaching $11.42. 27,019,243 shares of the company’s stock were exchanged, compared to its average volume of 9,953,350. The firm has a market capitalization of $45.55 billion, a P/E ratio of 21.15, a P/E/G ratio of 2.02 and a beta of 0.52. Infosys has a twelve month low of $8.85 and a twelve month high of $11.38. The stock’s fifty day simple moving average is $10.58.
Infosys (NYSE:INFY) last released its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same period in the prior year, the business earned $0.13 EPS. On average, equities research analysts predict that Infosys will post 0.55 earnings per share for the current year.
Institutional investors and hedge funds have recently made changes to their positions in the company. Next Capital Management LLC acquired a new stake in shares of Infosys in the 1st quarter valued at $26,000. Financial Gravity Wealth Inc. acquired a new stake in shares of Infosys in the 1st quarter valued at $27,000. Asahi Life Asset Management CO. LTD. acquired a new stake in shares of Infosys in the 1st quarter valued at $31,000. American Beacon Advisors Inc. raised its holdings in shares of Infosys by 56.2% in the 1st quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock valued at $34,000 after purchasing an additional 1,129 shares in the last quarter. Finally, Rational Advisors LLC raised its holdings in shares of Infosys by 50.0% in the 1st quarter. Rational Advisors LLC now owns 3,662 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors and hedge funds own 17.77% of the company’s stock.
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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