Brokerages Set Infosys Ltd (NYSE:INFY) Target Price at $11.29

Infosys Ltd (NYSE:INFY) has received a consensus rating of “Hold” from the seventeen ratings firms that are covering the stock, MarketBeat Ratings reports. Three investment analysts have rated the stock with a sell recommendation, thirteen have given a hold recommendation and one has given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $11.58.

A number of equities research analysts recently weighed in on the company. Investec lowered Cybg to a “hold” rating and set a GBX 230 ($3.01) price objective on the stock. in a research report on Monday, April 15th. Morgan Stanley reduced their price objective on Wells Fargo & Co from $55.00 to $51.00 and set an “equal weight” rating on the stock in a research report on Monday, April 15th. HSBC lowered easyJet to a “hold” rating in a research report on Tuesday, April 2nd. Credit Suisse Group boosted their price objective on JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an “outperform” rating in a research report on Monday, April 15th. Finally, ValuEngine lowered Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd.

Shares of INFY traded up $0.68 during midday trading on Friday, hitting $11.40. The company’s stock had a trading volume of 41,385,710 shares, compared to its average volume of 10,180,594. Infosys has a one year low of $8.85 and a one year high of $11.56. The company’s fifty day moving average price is $10.61. The company has a market cap of $46.59 billion, a PE ratio of 21.11, a price-to-earnings-growth ratio of 2.07 and a beta of 0.52.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.13. The business had revenue of $218.03 billion for the quarter, compared to analyst estimates of $216.51 billion. Infosys had a return on equity of 25.41% and a net margin of 18.62%. Infosys’s quarterly revenue was up 14.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.13 EPS. As a group, research analysts anticipate that Infosys will post 0.55 earnings per share for the current fiscal year.

The business also recently announced a dividend, which was paid on Friday, June 14th. Shareholders of record on Friday, June 14th were issued a dividend of $0.14 per share. The ex-dividend date of this dividend was Thursday, June 13th. This is an increase from Infosys’s previous dividend of $0.05. Infosys’s payout ratio is presently 51.85%.

Institutional investors and hedge funds have recently made changes to their positions in the business. New York State Common Retirement Fund lifted its holdings in Infosys by 6.9% during the 4th quarter. New York State Common Retirement Fund now owns 1,121,112 shares of the technology company’s stock worth $10,673,000 after buying an additional 72,495 shares during the period. Two Sigma Advisers LP lifted its holdings in Infosys by 9.9% during the 4th quarter. Two Sigma Advisers LP now owns 708,400 shares of the technology company’s stock worth $6,744,000 after buying an additional 63,700 shares during the period. Pennsylvania Trust Co acquired a new position in Infosys during the 1st quarter worth about $1,502,000. LPL Financial LLC lifted its holdings in Infosys by 18.0% during the 4th quarter. LPL Financial LLC now owns 153,104 shares of the technology company’s stock worth $1,458,000 after buying an additional 23,342 shares during the period. Finally, Baillie Gifford & Co. lifted its holdings in Infosys by 6.9% during the 4th quarter. Baillie Gifford & Co. now owns 1,218,669 shares of the technology company’s stock worth $11,601,000 after buying an additional 79,130 shares during the period. 17.77% of the stock is currently owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Infosys (NYSE:INFY)

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