Robert W. Baird reissued their hold rating on shares of Infosys Ltd (NYSE:INFY) in a research note issued to investors on Wednesday. The brokerage currently has a $16.00 price target on the technology company’s stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research upgraded Infosys from a hold rating to a buy rating and set a $17.00 price objective for the company in a research report on Tuesday, September 19th. HSBC Holdings plc upgraded Infosys from a hold rating to a buy rating in a research report on Thursday, June 8th. BidaskClub upgraded Infosys from a hold rating to a buy rating in a research report on Wednesday, July 12th. UBS AG downgraded Infosys from a buy rating to a hold rating in a research report on Friday, August 18th. Finally, Cowen and Company set a $15.00 target price on Infosys and gave the stock a hold rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and three have assigned a buy rating to the company. The company presently has an average rating of Hold and an average price target of $15.34.

Shares of Infosys (INFY) traded up 0.07% during trading on Wednesday, hitting $14.52. The company’s stock had a trading volume of 2,490,366 shares. The company has a market capitalization of $33.19 billion, a P/E ratio of 15.30 and a beta of 0.74. The firm’s 50 day moving average is $14.74 and its 200-day moving average is $15.09. Infosys has a 1-year low of $13.42 and a 1-year high of $16.71.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. Infosys had a return on equity of 20.32% and a net margin of 20.39%. The company had revenue of $170.78 billion during the quarter, compared to the consensus estimate of $170.51 billion. During the same quarter last year, the company earned $0.22 EPS. The company’s quarterly revenue was up 1.8% on a year-over-year basis. Analysts forecast that Infosys will post $0.98 EPS for the current fiscal year.

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A number of hedge funds have recently added to or reduced their stakes in the stock. The Manufacturers Life Insurance Company increased its holdings in Infosys by 2.2% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock valued at $282,000 after purchasing an additional 395 shares in the last quarter. Wetherby Asset Management Inc. increased its holdings in Infosys by 1.1% during the 2nd quarter. Wetherby Asset Management Inc. now owns 40,994 shares of the technology company’s stock valued at $616,000 after purchasing an additional 464 shares in the last quarter. Sumitomo Life Insurance Co. increased its holdings in Infosys by 3.4% during the 2nd quarter. Sumitomo Life Insurance Co. now owns 15,040 shares of the technology company’s stock valued at $226,000 after purchasing an additional 500 shares in the last quarter. Earnest Partners LLC increased its holdings in Infosys by 3.6% during the 1st quarter. Earnest Partners LLC now owns 14,852 shares of the technology company’s stock valued at $235,000 after purchasing an additional 513 shares in the last quarter. Finally, Creative Planning increased its holdings in Infosys by 2.1% during the 2nd quarter. Creative Planning now owns 24,672 shares of the technology company’s stock valued at $371,000 after purchasing an additional 513 shares in the last quarter. 19.89% of the stock is owned by hedge funds and other institutional investors.

Infosys 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.

Analyst Recommendations for Infosys (NYSE:INFY)

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