Infosys Limited (NYSE:INFY) Given Average Recommendation of “Hold” by Brokerages

Infosys Limited (NYSE:INFY) has been assigned an average rating of “Hold” from the eleven brokerages that are covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $19.27.

A number of equities analysts have commented on the stock. Susquehanna decreased their price objective on shares of Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a report on Friday, April 19th. Wedbush reaffirmed an “outperform” rating and issued a $22.00 price objective on shares of Infosys in a report on Wednesday, March 13th. HSBC reaffirmed a “hold” rating and issued a $20.10 price objective on shares of Infosys in a report on Friday, April 19th. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th.

Institutional Investors Weigh In On Infosys

Hedge funds and other institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC bought a new stake in Infosys in the fourth quarter worth about $36,000. Planned Solutions Inc. bought a new stake in Infosys in the fourth quarter worth about $50,000. Jones Financial Companies Lllp bought a new stake in Infosys in the fourth quarter worth about $56,000. EverSource Wealth Advisors LLC raised its position in Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,663 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new stake in Infosys in the fourth quarter worth about $123,000. 10.89% of the stock is currently owned by institutional investors.

Infosys Trading Up 0.7 %

INFY stock opened at $19.37 on Thursday. Infosys has a twelve month low of $15.33 and a twelve month high of $20.74. The company has a market capitalization of $80.17 billion, a P/E ratio of 25.48, a PEG ratio of 3.43 and a beta of 0.98. The firm has a 50 day simple moving average of $17.45 and a 200-day simple moving average of $18.43.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same quarter last year, the company earned $0.18 earnings per share. On average, research analysts predict that Infosys will post 0.75 EPS for the current year.

Infosys Cuts Dividend

The business also recently disclosed a semi-annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were paid a dividend of $0.2035 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 31st. Infosys’s dividend payout ratio is currently 38.16%.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.