Infosys Ltd. (NYSE:INFY) Given Average Rating of “Hold” by Brokerages

Infosys Ltd. (NYSE:INFY) has been given an average rating of “Hold” by the nine ratings firms that are presently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a hold recommendation and one has given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $13.6263.

A number of research analysts have recently commented on INFY shares. JPMorgan Chase & Co. reduced their target price on shares of Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research report on Wednesday, June 24th. Susquehanna cut their price target on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a report on Friday, April 24th. TD Cowen cut their price target on shares of Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Wells Fargo & Company set a $11.00 price target on shares of Infosys and gave the company an “equal weight” rating in a report on Friday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Infosys in a report on Monday, June 8th.

Infosys Trading Up 0.2%

NYSE INFY opened at $10.81 on Monday. The company’s fifty day simple moving average is $12.32 and its 200-day simple moving average is $14.70. Infosys has a 52 week low of $10.46 and a 52 week high of $30.00. The stock has a market cap of $43.73 billion, a P/E ratio of 13.51, a PEG ratio of 1.40 and a beta of 0.89.

Infosys (NYSE:INFY) last posted its earnings results on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. The business had revenue of $5.04 billion for the quarter. On average, research analysts expect that Infosys will post 0.83 EPS for the current fiscal year.

Institutional Trading of Infosys

Several institutional investors have recently added to or reduced their stakes in the stock. Lazard Asset Management LLC raised its holdings in Infosys by 17.0% in the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock valued at $361,750,000 after acquiring an additional 3,893,801 shares in the last quarter. Trinity Street Asset Management LLP raised its holdings in Infosys by 45.5% in the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after acquiring an additional 4,674,742 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in Infosys by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company’s stock valued at $105,206,000 after acquiring an additional 52,393 shares in the last quarter. Bank of America Corp DE raised its holdings in Infosys by 7.4% in the first quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company’s stock valued at $91,742,000 after acquiring an additional 469,843 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Infosys by 8.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company’s stock worth $87,685,000 after purchasing an additional 521,169 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Company Profile

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.