Infosys Limited (INFY) Given Consensus Recommendation of “Hold” by Brokerages
Shares of Infosys Limited (NYSE:INFY) have earned a consensus rating of “Hold” from the seventeen ratings firms that are presently covering the firm, MarketBeat reports. Four research analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $16.22.
INFY has been the topic of a number of recent research reports. Zacks Investment Research raised Infosys Limited from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Monday, March 20th. BMO Capital Markets reiterated a “hold” rating and set a $15.00 target price on shares of Infosys Limited in a research note on Thursday, March 23rd. Goldman Sachs Group, Inc. (The) reiterated a “sell” rating on shares of Infosys Limited in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. reiterated a “market perform” rating on shares of Infosys Limited in a research note on Tuesday, April 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and set a $15.50 target price on shares of Infosys Limited in a research note on Tuesday, April 18th.
Infosys Limited (NYSE INFY) traded down 2.65% on Monday, reaching $14.67. The company’s stock had a trading volume of 8,744,308 shares. Infosys Limited has a 52 week low of $13.42 and a 52 week high of $18.99. The company has a 50 day moving average of $15.07 and a 200 day moving average of $14.91. The firm has a market capitalization of $33.53 billion, a price-to-earnings ratio of 15.67 and a beta of 0.80.
Infosys Limited (NYSE:INFY) last announced its earnings results on Thursday, April 13th. The technology company reported $0.24 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.24. The company had revenue of $171.20 billion for the quarter, compared to analyst estimates of $172.14 billion. Infosys Limited had a return on equity of 21.90% and a net margin of 20.96%. The firm’s quarterly revenue was up 3.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, analysts forecast that Infosys Limited will post $0.97 earnings per share for the current year.
The firm also recently announced a dividend, which was paid on Friday, June 2nd. Stockholders of record on Friday, June 2nd were paid a dividend of $0.21 per share. This is an increase from Infosys Limited’s previous dividend of $0.17. The ex-dividend date of this dividend was Wednesday, May 31st. Infosys Limited’s dividend payout ratio is 37.23%.
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Several large investors have recently made changes to their positions in the company. Kernodle & Katon Asset Management Group LLC acquired a new stake in shares of Infosys Limited during the first quarter valued at $100,000. PNC Financial Services Group Inc. increased its stake in shares of Infosys Limited by 82.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock valued at $120,000 after buying an additional 3,400 shares during the period. CT Financial Advisors LLC acquired a new stake in shares of Infosys Limited during the first quarter valued at $144,000. Greenleaf Trust acquired a new stake in shares of Infosys Limited during the first quarter valued at $168,000. Finally, Sigma Planning Corp acquired a new stake in shares of Infosys Limited during the first quarter valued at $188,000. Institutional investors and hedge funds own 20.67% of the company’s stock.
Infosys Limited Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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