Analysts Set Infosys Ltd. (NYSE:INFY) Price Target at $14.22

Infosys Ltd. (NYSE:INFY) has received a consensus rating of “Reduce” from the seven brokerages that are currently covering the firm, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating and six have assigned a hold rating to the company. The average twelve-month price objective among brokerages that have covered the stock in the last year is $14.2183.

A number of brokerages recently issued reports on INFY. Jefferies Financial Group cut Infosys from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a research report on Monday, February 23rd. Susquehanna decreased their target price on Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Stifel Nicolaus set a $15.00 target price on Infosys in a research report on Thursday, April 23rd. BMO Capital Markets decreased their target price on Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, April 24th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Infosys in a research report on Monday.

Infosys Stock Performance

NYSE:INFY opened at $11.74 on Thursday. The stock has a 50-day simple moving average of $12.95 and a 200-day simple moving average of $15.25. The stock has a market cap of $47.52 billion, a P/E ratio of 14.68, a P/E/G ratio of 1.59 and a beta of 0.89. Infosys has a 1 year low of $11.56 and a 1 year high of $30.00.

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

Institutional Trading of Infosys

Large investors have recently made changes to their positions in the company. Dickmeyer Boyce Financial Management Inc. acquired a new stake in shares of Infosys in the 1st quarter valued at about $173,000. Madison Asset Management LLC raised its stake in Infosys by 5.4% during the 1st quarter. Madison Asset Management LLC now owns 124,188 shares of the technology company’s stock valued at $1,678,000 after acquiring an additional 6,358 shares during the last quarter. ABN Amro Investment Solutions raised its stake in Infosys by 94.2% during the 1st quarter. ABN Amro Investment Solutions now owns 997,028 shares of the technology company’s stock valued at $13,470,000 after acquiring an additional 483,700 shares during the last quarter. XY Capital Ltd purchased a new stake in Infosys during the 1st quarter valued at approximately $4,319,000. Finally, Boston Common Asset Management LLC raised its stake in Infosys by 1.1% during the 1st quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock valued at $2,819,000 after acquiring an additional 2,300 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

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. 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.