Infosys Ltd. (NYSE:INFY) Receives $14.22 Average PT from Analysts

Shares of Infosys Ltd. (NYSE:INFY) have received a consensus rating of “Reduce” from the seven ratings firms that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12 month price target among brokers that have issued ratings on the stock in the last year is $14.2183.

Several equities analysts have recently commented on INFY shares. BMO Capital Markets lowered their target price on Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a report on Friday, April 24th. Susquehanna cut their price objective on Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Jefferies Financial Group downgraded shares of Infosys from a “buy” rating to a “hold” rating and set a $14.31 target price on the stock. in a research note on Monday, February 23rd. Stifel Nicolaus set a $15.00 target price on Infosys in a research report on Thursday, April 23rd. Finally, TD Cowen cut their target price on shares of Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, April 6th.

Infosys Price Performance

NYSE:INFY opened at $12.07 on Friday. The business’s 50-day moving average is $13.28 and its two-hundred day moving average is $15.79. Infosys has a 12 month low of $11.56 and a 12 month high of $30.00. The firm has a market capitalization of $48.83 billion, a PE ratio of 15.08, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.

Infosys (NYSE:INFY) last released its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. The company had revenue of $5.04 billion for the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%. Equities analysts anticipate that Infosys will post 0.83 EPS for the current year.

Institutional Investors Weigh In On Infosys

Several large investors have recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Infosys by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 3,804 shares during the last quarter. NewEdge Advisors LLC boosted its holdings in shares of Infosys by 79.9% in the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Infosys in the first quarter valued at about $239,000. Trinity Street Asset Management LLP boosted its position in Infosys by 45.5% during the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock worth $201,820,000 after acquiring an additional 4,674,742 shares during the last quarter. Finally, Deltec Asset Management LLC grew its stake in shares of Infosys by 13.6% during the 1st quarter. Deltec Asset Management LLC now owns 58,500 shares of the technology company’s stock worth $790,000 after acquiring an additional 7,000 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

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.