Infosys (NYSE:INFY) Price Target Lowered to $18.00 at Stifel Nicolaus

Infosys (NYSE:INFY) had its price target reduced by Stifel Nicolaus from $22.00 to $18.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a hold rating on the technology company’s stock.

INFY has been the topic of several other reports. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target for the company in a research report on Monday. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $20.03.

Infosys Price Performance

INFY opened at $16.14 on Tuesday. Infosys has a 1-year low of $15.82 and a 1-year high of $23.63. The business has a 50 day moving average price of $18.97 and a two-hundred day moving average price of $21.15. The company has a market capitalization of $66.84 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the company posted $0.23 earnings per share. Equities analysts expect that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Trading of Infosys

A number of hedge funds and other institutional investors have recently modified their holdings of INFY. BHK Investment Advisors LLC increased its holdings in shares of Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after acquiring an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC boosted its stake in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC grew its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the last quarter. Kovitz Investment Group Partners LLC increased its position in Infosys by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock valued at $229,000 after purchasing an additional 579 shares during the period. Finally, Flagship Harbor Advisors LLC grew its holdings in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after acquiring an additional 641 shares during the period. Institutional investors and hedge funds 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.