Infosys Limited (NYSE:INFY) Given Average Rating of “Hold” by Analysts

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

Several equities research analysts recently commented on the company. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets upped their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th.

Infosys Trading Down 0.1 %

Shares of INFY stock opened at $21.73 on Friday. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The stock has a 50-day moving average of $22.38 and a 200-day moving average of $22.32. The stock has a market cap of $89.98 billion, a price-to-earnings ratio of 27.50, a PEG ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the business posted $0.18 EPS. Sell-side analysts forecast that Infosys will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of INFY. Sierra Ocean LLC bought a new position in shares of Infosys in the fourth quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys in the third quarter valued at approximately $33,000. Brooklyn Investment Group purchased a new stake in shares of Infosys during the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys during the third quarter valued at approximately $57,000. Finally, Farther Finance Advisors LLC increased its position in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

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.