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

Shares of Infosys Limited (NYSE:INFY) have received an average rating of “Hold” from the ten brokerages that are currently covering the firm, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $19.70.

A number of equities research analysts have weighed in on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, March 20th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report on Friday, January 17th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th.

Institutional Trading of Infosys

Several large investors have recently added to or reduced their stakes in the company. FMR LLC raised its position in Infosys by 77.8% during the third quarter. FMR LLC now owns 170,704 shares of the technology company’s stock valued at $3,802,000 after buying an additional 74,697 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Infosys by 62.6% in the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 514,838 shares of the technology company’s stock worth $11,465,000 after purchasing an additional 198,192 shares in the last quarter. Captrust Financial Advisors boosted its holdings in shares of Infosys by 32.5% during the third quarter. Captrust Financial Advisors now owns 21,718 shares of the technology company’s stock worth $484,000 after purchasing an additional 5,325 shares during the period. Benjamin Edwards Inc. purchased a new position in Infosys during the third quarter valued at approximately $232,000. Finally, Quantinno Capital Management LP increased its stake in Infosys by 47.4% in the 3rd quarter. Quantinno Capital Management LP now owns 86,985 shares of the technology company’s stock valued at $1,937,000 after buying an additional 27,972 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Price Performance

INFY stock opened at $16.58 on Friday. The firm has a market cap of $68.66 billion, a price-to-earnings ratio of 20.98, a PEG ratio of 3.50 and a beta of 1.01. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The firm has a fifty day moving average price of $20.08 and a two-hundred day moving average price of $21.58.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the business earned $0.18 EPS. As a group, analysts expect 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.