Infosys Ltd. (NYSE:INFY) Stock Has Consensus Target Price of $11.45 According to Analysts

Infosys Ltd. (NYSE:INFY) has been given an average recommendation of “Reduce” by the eleven ratings firms that are covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation and ten have issued a hold 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 $11.45.

INFY has been the topic of several recent research reports. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.90 target price (down from $12.70) on shares of Infosys in a report on Friday, July 24th. TD Cowen restated a “hold” rating and issued a $9.00 price target (down from $10.00) on shares of Infosys in a report on Friday, July 24th. Weiss Ratings lowered shares of Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday, July 28th. CLSA cut shares of Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company set a $11.00 price objective on shares of Infosys and gave the company an “equal weight” rating in a research note on Friday, June 26th.

Hedge Funds Weigh In On Infosys

A number of large investors have recently bought and sold shares of INFY. Confluence Investment Management LLC lifted its position in Infosys by 5.5% during the 3rd quarter. Confluence Investment Management LLC now owns 18,601 shares of the technology company’s stock worth $200,000 after acquiring an additional 965 shares during the period. TD Waterhouse Canada Inc. grew its stake in shares of Infosys by 14.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,131 shares during the last quarter. QRG Capital Management Inc. increased its holdings in shares of Infosys by 4.5% in the second quarter. QRG Capital Management Inc. now owns 30,832 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,335 shares during the period. Boston Common Asset Management LLC increased its holdings in shares of Infosys by 1.1% in the first quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock valued at $2,819,000 after purchasing an additional 2,300 shares during the period. Finally, Glenmede Trust Co. NA increased its holdings in shares of Infosys by 17.8% in the first quarter. Glenmede Trust Co. NA now owns 21,055 shares of the technology company’s stock valued at $284,000 after purchasing an additional 3,179 shares during the period. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Up 5.5%

Shares of INFY stock opened at $11.43 on Wednesday. Infosys has a twelve month low of $10.12 and a twelve month high of $30.00. The stock has a market capitalization of $46.27 billion, a price-to-earnings ratio of 14.11, a P/E/G ratio of 2.52 and a beta of 0.88. The stock has a fifty day simple moving average of $11.46 and a two-hundred day simple moving average of $11.97.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $4.99 billion for the quarter, compared to the consensus estimate of $5.08 billion. Infosys had a return on equity of 33.91% and a net margin of 16.38%. Research analysts predict that Infosys will post 0.81 EPS for the current fiscal year.

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.