Infosys Limited (NYSE:INFY) Receives Consensus Recommendation of “Hold” from Analysts

Shares of Infosys Limited (NYSE:INFY) have been given an average rating of “Hold” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $20.22.

Several analysts have commented on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, BMO Capital Markets raised their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th.

Hedge Funds Weigh In On Infosys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Dimensional Fund Advisors LP lifted its holdings in Infosys by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company’s stock valued at $112,481,000 after purchasing an additional 715,812 shares in the last quarter. Mercer Global Advisors Inc. ADV lifted its stake in Infosys by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock valued at $328,000 after buying an additional 505 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in Infosys by 24.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,718 shares of the technology company’s stock worth $535,000 after buying an additional 5,642 shares during the last quarter. Sei Investments Co. increased its stake in Infosys by 2.2% during the 2nd quarter. Sei Investments Co. now owns 1,038,666 shares of the technology company’s stock worth $19,340,000 after buying an additional 21,961 shares in the last quarter. Finally, Profund Advisors LLC raised its holdings in shares of Infosys by 8.6% during the second quarter. Profund Advisors LLC now owns 96,829 shares of the technology company’s stock valued at $1,803,000 after acquiring an additional 7,640 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Trading Down 1.9 %

Shares of NYSE:INFY opened at $21.16 on Monday. The company has a market cap of $87.65 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The company has a 50-day moving average price of $22.53 and a 200-day moving average price of $22.19.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period in the previous year, the firm earned $0.18 EPS. As a group, research analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

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.