Shares of Infosys Ltd (NYSE:INFY) have received an average rating of “Hold” from the eighteen analysts that are covering the firm, MarketBeat reports. Three analysts have rated the stock with a sell recommendation, nine have given a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $15.75.
A number of equities research analysts have issued reports on the company. UBS cut Infosys to a “neutral” rating in a research note on Monday, February 5th. ValuEngine upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, December 5th. Susquehanna Bancshares reiterated a “negative” rating on shares of Infosys in a research note on Monday, February 5th. Finally, Zacks Investment Research cut Infosys from a “buy” rating to a “hold” rating in a research note on Wednesday, January 17th.
A number of institutional investors and hedge funds have recently modified their holdings of the stock. The Manufacturers Life Insurance Company increased its stake in Infosys by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock worth $282,000 after purchasing an additional 395 shares in the last quarter. Edge Advisors LLC boosted its position in Infosys by 68.3% during the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock worth $119,000 after acquiring an additional 3,000 shares during the period. Foster & Motley Inc. boosted its position in Infosys by 28.2% during the 4th quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock worth $237,000 after acquiring an additional 3,221 shares during the period. Community Bank & Trust Waco Texas boosted its position in Infosys by 19.0% during the 4th quarter. Community Bank & Trust Waco Texas now owns 20,855 shares of the technology company’s stock worth $338,000 after acquiring an additional 3,335 shares during the period. Finally, Signaturefd LLC boosted its position in Infosys by 28.7% during the 4th quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock worth $265,000 after acquiring an additional 3,652 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.
INFY stock traded down $0.07 during mid-day trading on Friday, reaching $18.14. The company’s stock had a trading volume of 2,438,905 shares, compared to its average volume of 6,181,759. The company has a market capitalization of $39,073.11, a PE ratio of 16.86, a price-to-earnings-growth ratio of 1.98 and a beta of 0.57. Infosys has a 12 month low of $13.88 and a 12 month high of $18.71.
Infosys (NYSE:INFY) last posted its earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The company had revenue of $2.76 billion for the quarter, compared to analysts’ expectations of $2.74 billion. Infosys had a return on equity of 21.31% and a net margin of 22.97%. During the same period last year, the business posted $0.24 earnings per share. equities analysts forecast that Infosys will post 1 EPS for the current fiscal year.
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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