Infosys Ltd. (NYSE:INFY) Receives $11.63 Consensus Target Price from Analysts

Shares of Infosys Ltd. (NYSE:INFY) have received a consensus recommendation of “Reduce” from the eleven research firms that are currently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell rating and nine have given a hold rating to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.6311.

A number of analysts have issued reports on INFY shares. CLSA downgraded shares of Infosys from an “outperform” rating to a “hold” rating in a report on Wednesday. Wells Fargo & Company set a $11.00 target price on shares of Infosys and gave the stock an “equal weight” rating in a report on Friday, June 26th. HSBC set a $11.47 price target on Infosys and gave the company a “hold” rating in a research note on Friday, July 24th. TD Cowen reissued a “hold” rating and set a $9.00 price target (down from $10.00) on shares of Infosys in a research report on Friday, July 24th. Finally, Stifel Nicolaus set a $13.00 price objective on Infosys and gave the stock a “hold” rating in a research note on Thursday, July 16th.

Infosys Stock Performance

INFY opened at $11.98 on Tuesday. The stock has a fifty day moving average of $11.52 and a 200-day moving average of $12.87. The company has a market capitalization of $48.48 billion, a P/E ratio of 14.79, a P/E/G ratio of 2.78 and a beta of 0.88. Infosys has a fifty-two week low of $10.30 and a fifty-two week high of $30.00.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a net margin of 16.38% and a return on equity of 33.91%. The business had revenue of $4.99 billion during the quarter, compared to analyst estimates of $5.08 billion. On average, equities research analysts predict that Infosys will post 0.81 earnings per share for the current fiscal year.

Institutional Trading of Infosys

Several large investors have recently modified their holdings of the stock. Bank of America Corp DE raised its stake in Infosys by 7.4% in the first quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company’s stock valued at $91,742,000 after purchasing an additional 469,843 shares in the last quarter. Lazard Asset Management LLC grew its stake in Infosys by 17.0% during the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock worth $361,750,000 after buying an additional 3,893,801 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Infosys by 8.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company’s stock worth $87,685,000 after buying an additional 521,169 shares in the last quarter. Weiss Asset Management LP bought a new position in Infosys in the 1st quarter valued at about $10,708,000. Finally, Royal Bank of Canada increased its holdings in Infosys by 31.9% in the 1st quarter. Royal Bank of Canada now owns 1,156,539 shares of the technology company’s stock valued at $15,625,000 after buying an additional 279,954 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.