Infosys (NYSE:INFY) Price Target Cut to $14.00 by Analysts at Susquehanna

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

INFY has been the subject of a number of other reports. Guggenheim began coverage on shares of Infosys in a report on Tuesday, March 19th. They issued a neutral rating and a $20.00 price target for the company. UBS Group upgraded shares of Infosys from a neutral rating to a buy rating in a report on Wednesday, January 3rd. StockNews.com cut shares of Infosys from a buy rating to a hold rating in a report on Tuesday, March 19th. BMO Capital Markets raised their price target on shares of Infosys from $18.00 to $21.00 and gave the stock a market perform rating in a report on Friday, January 12th. Finally, HSBC reaffirmed a hold rating and issued a $20.10 price objective on shares of Infosys in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of Hold and an average price target of $19.27.

Infosys Stock Up 1.8 %

INFY opened at $16.81 on Friday. Infosys has a twelve month low of $14.71 and a twelve month high of $20.74. The company has a fifty day moving average of $18.80 and a 200-day moving average of $18.34. The stock has a market cap of $69.58 billion, a PE ratio of 22.12, a price-to-earnings-growth ratio of 2.18 and a beta of 0.93.

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

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in INFY. FWL Investment Management LLC bought a new position in shares of Infosys during the fourth quarter valued at about $27,000. GAMMA Investing LLC purchased a new stake in Infosys during the fourth quarter worth about $36,000. JFS Wealth Advisors LLC increased its holdings in Infosys by 88.3% during the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after buying an additional 1,381 shares during the last quarter. Planned Solutions Inc. purchased a new stake in Infosys during the fourth quarter worth about $50,000. Finally, Jones Financial Companies Lllp purchased a new stake in Infosys during the fourth quarter worth about $56,000. 10.89% of the stock is owned by institutional investors.

Infosys Company Profile

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.