Infosys Limited (NYSE:INFY) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Infosys Limited (NYSE:INFY) have been assigned a consensus recommendation of “Moderate Buy” from the eleven research firms that are presently covering the firm, MarketBeat.com reports. Six equities research analysts have rated the stock with a hold recommendation, four have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month target price among brokerages that have issued a report on the stock in the last year is $17.48.

INFY has been the topic of several research analyst reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Stifel Nicolaus decreased their target price on shares of Infosys from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, April 21st. BMO Capital Markets decreased their price target on Infosys from $25.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Finally, Investec upgraded shares of Infosys from a “sell” rating to a “buy” rating in a research note on Friday, April 18th.

Infosys Trading Up 1.4 %

Infosys stock opened at $17.58 on Wednesday. Infosys has a 1 year low of $15.82 and a 1 year high of $23.63. The company’s 50-day moving average is $18.25 and its two-hundred day moving average is $20.82. The company has a market cap of $72.82 billion, a PE ratio of 22.25, a PEG ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The business had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm earned $0.23 earnings per share. Research analysts forecast that Infosys will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Infosys

Large investors have recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in Infosys in the 4th quarter valued at about $29,000. Rakuten Securities Inc. increased its stake in shares of Infosys by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. lifted its holdings in Infosys by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company’s stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new stake in Infosys in the 1st quarter valued at $32,000. Finally, Brooklyn Investment Group acquired a new position in Infosys in the 4th quarter valued at $52,000. 16.20% of the stock is owned by institutional investors.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.