Infosys (NYSE:INFY) PT Lowered to $18.00

Infosys (NYSE:INFY) had its price objective lowered by BMO Capital Markets from $21.00 to $18.00 in a research report sent to investors on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

Other research analysts have also issued reports about the stock. JPMorgan Chase & Co. raised shares of Infosys from a neutral rating to an overweight rating in a research note on Wednesday, January 3rd. BNP Paribas began coverage on shares of Infosys in a research note on Wednesday, January 17th. They issued an outperform rating and a $24.00 price target on the stock. Guggenheim began coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a neutral rating and a $20.00 price target on the stock. HSBC reaffirmed a hold rating and issued a $20.10 price target on shares of Infosys in a research note on Friday. Finally, Susquehanna decreased their price target on shares of Infosys from $15.00 to $14.00 and set a negative rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of Hold and a consensus target price of $19.27.

Infosys Stock Up 2.9 %

INFY stock opened at $17.30 on Friday. The company’s 50-day simple moving average is $18.74 and its 200-day simple moving average is $18.35. Infosys has a 52-week low of $14.71 and a 52-week high of $20.74. The firm has a market cap of $71.61 billion, a P/E ratio of 22.76, a PEG ratio of 2.21 and a beta of 0.93.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the company posted $0.18 EPS. On average, analysts anticipate that Infosys will post 0.76 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. GAMMA Investing LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $36,000. Planned Solutions Inc. acquired a new stake in shares of Infosys during the 4th quarter worth approximately $50,000. JFS Wealth Advisors LLC increased its holdings in shares of Infosys by 88.3% during the 3rd 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. Jones Financial Companies Lllp acquired a new stake in shares of Infosys during the 4th quarter worth approximately $56,000. Finally, EverSource Wealth Advisors LLC increased its holdings in shares of Infosys by 113.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after buying an additional 1,663 shares during the last quarter. 10.89% of the stock is owned by hedge funds and other 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.