Shares of Infosys Ltd (NYSE:INFY) have been given an average rating of “Hold” by the seventeen brokerages that are covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation and fifteen have given a hold recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $11.29.

Several analysts have recently commented on the stock. Wells Fargo & Co set a $12.00 target price on shares of Infosys and gave the company a “hold” rating in a report on Friday, May 31st. Zacks Investment Research upgraded shares of Infosys from a “sell” rating to a “hold” rating in a report on Friday, May 17th. Nomura downgraded shares of Infosys from a “neutral” rating to a “reduce” rating in a report on Monday, April 15th. Deutsche Bank downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, Investec downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th.

Shares of INFY stock traded down $0.02 on Tuesday, hitting $10.60. The stock had a trading volume of 4,910,880 shares, compared to its average volume of 9,189,315. The company has a market cap of $46.07 billion, a P/E ratio of 19.63, a P/E/G ratio of 2.04 and a beta of 0.53. Infosys has a 12-month low of $8.85 and a 12-month high of $11.38.

Infosys (NYSE:INFY) last announced its earnings results on Friday, April 12th. The technology company reported $0.13 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.13. The company had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same quarter in the prior year, the company posted $0.13 earnings per share. On average, equities research analysts predict that Infosys will post 0.55 earnings per share for the current year.

The business also recently disclosed a dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were issued a dividend of $0.14 per share. The ex-dividend date was Thursday, June 13th. This is an increase from Infosys’s previous dividend of $0.05. Infosys’s dividend payout ratio (DPR) is 51.85%.

Several institutional investors and hedge funds have recently bought and sold shares of INFY. FMR LLC increased its stake in shares of Infosys by 46,711,314.8% in the first quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock worth $275,699,000 after purchasing an additional 25,224,110 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Infosys by 1,365.7% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 14,227,494 shares of the technology company’s stock worth $135,446,000 after purchasing an additional 13,256,787 shares in the last quarter. Lazard Asset Management LLC increased its stake in shares of Infosys by 32.0% in the first quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock worth $413,599,000 after purchasing an additional 9,169,543 shares in the last quarter. FIL Ltd increased its stake in shares of Infosys by 77.4% in the first quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock worth $211,333,000 after purchasing an additional 8,433,557 shares in the last quarter. Finally, Investec Asset Management LTD increased its stake in shares of Infosys by 23.1% in the fourth quarter. Investec Asset Management LTD now owns 39,628,149 shares of the technology company’s stock worth $377,260,000 after purchasing an additional 7,430,134 shares in the last quarter. Hedge funds and other institutional investors own 17.80% of the company’s stock.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Analyst Recommendations for Infosys (NYSE:INFY)

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