Susquehanna Trims Infosys (NYSE:INFY) Target Price to $14.00

Infosys (NYSE:INFY) had its price objective decreased by Susquehanna from $15.00 to $14.00 in a research report sent to investors on Friday, Benzinga reports. Susquehanna currently has a negative rating on the technology company’s stock.

Other analysts have also recently issued research reports about the company. Bank of America raised Infosys from a neutral rating to a buy rating in a report on Tuesday, April 9th. BMO Capital Markets raised their price target on Infosys from $18.00 to $21.00 and gave the company a market perform rating in a report on Friday, January 12th. Wedbush reaffirmed an outperform rating and issued a $22.00 price target on shares of Infosys in a report on Wednesday, March 13th. StockNews.com cut Infosys from a buy rating to a hold rating in a report on Tuesday, March 19th. Finally, UBS Group raised Infosys from a neutral rating to a buy rating in a report on Wednesday, January 3rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of Hold and a consensus target price of $19.27.

Infosys Stock Up 1.8 %

Shares of NYSE INFY opened at $16.81 on Friday. Infosys has a 52 week low of $14.71 and a 52 week high of $20.74. The business has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $18.35. The company has a market cap of $69.58 billion, a P/E ratio of 22.12, a P/E/G ratio of 2.22 and a beta of 0.93.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. Infosys had a return on equity of 33.26% and a net margin of 17.06%. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter last year, the firm posted $0.18 EPS. Equities research analysts anticipate that Infosys will post 0.76 EPS for the current year.

Hedge Funds Weigh In On Infosys

Large investors have recently bought and sold shares of the stock. Teacher Retirement System of Texas purchased a new position in Infosys in the 3rd quarter worth approximately $5,047,000. Vanguard Group Inc. increased its stake in Infosys by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock worth $139,327,000 after purchasing an additional 180,888 shares during the period. Rhumbline Advisers increased its stake in Infosys by 3.0% in the 3rd quarter. Rhumbline Advisers now owns 908,911 shares of the technology company’s stock worth $15,551,000 after purchasing an additional 26,833 shares during the period. Baillie Gifford & Co. increased its stake in Infosys by 3.3% in the 4th quarter. Baillie Gifford & Co. now owns 3,190,513 shares of the technology company’s stock worth $58,642,000 after purchasing an additional 102,273 shares during the period. Finally, Allspring Global Investments Holdings LLC increased its stake in Infosys by 39.2% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,744,741 shares of the technology company’s stock worth $32,068,000 after purchasing an additional 491,350 shares during the period. 10.89% of the stock is owned by hedge funds and other institutional investors.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.