Infosys Limited (NYSE:INFY) Given Consensus Rating of “Hold” by Analysts

Infosys Limited (NYSE:INFY) has been given a consensus recommendation of “Hold” by the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have assigned 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 $19.27.

A number of brokerages have recently weighed in on INFY. Susquehanna cut their target price on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a research note on Friday. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. UBS Group upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Wedbush reiterated an “outperform” rating and issued a $22.00 price objective on shares of Infosys in a research note on Wednesday, March 13th. Finally, BMO Capital Markets dropped their price objective on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday.

Infosys Price Performance

Shares of Infosys stock opened at $16.81 on Friday. Infosys has a one year low of $14.71 and a one year high of $20.74. The firm has a market capitalization of $69.58 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.24 and a beta of 0.93. The business has a 50-day simple moving average of $18.80 and a 200 day simple moving average of $18.34.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 31.25% and a net margin of 15.91%. During the same quarter in the previous year, the business earned $0.18 EPS. On average, sell-side analysts expect that Infosys will post 0.7 EPS for the current year.

Hedge Funds Weigh In On Infosys

A number of institutional investors have recently made changes to their positions in INFY. Teacher Retirement System of Texas bought a new position in shares of Infosys during the 3rd quarter valued at $5,047,000. Vanguard Group Inc. boosted its position in Infosys by 2.3% during the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock valued at $139,327,000 after buying an additional 180,888 shares during the period. Rhumbline Advisers boosted its position in Infosys by 3.0% during the 3rd quarter. Rhumbline Advisers now owns 908,911 shares of the technology company’s stock valued at $15,551,000 after buying an additional 26,833 shares during the period. Baillie Gifford & Co. boosted its position in Infosys by 3.3% during the 4th quarter. Baillie Gifford & Co. now owns 3,190,513 shares of the technology company’s stock valued at $58,642,000 after buying an additional 102,273 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its position in Infosys by 39.2% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,744,741 shares of the technology company’s stock valued at $32,068,000 after buying an additional 491,350 shares during the period. Institutional investors own 10.89% of the company’s stock.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.