Infosys Ltd. (NYSE:INFY) Receives Consensus Rating of “Reduce” from Analysts

Shares of Infosys Ltd. (NYSE:INFY) have received a consensus recommendation of “Reduce” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation and six have issued a hold recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.2183.

INFY has been the subject of several research analyst reports. Stifel Nicolaus set a $15.00 target price on Infosys in a research note on Thursday, April 23rd. Jefferies Financial Group downgraded Infosys from a “buy” rating to a “hold” rating and set a $14.31 target price for the company. in a research note on Monday, February 23rd. TD Cowen lowered their target price on Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, April 6th. BMO Capital Markets lowered their price objective on Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, April 24th. Finally, Susquehanna lowered their price objective on Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a research note on Friday, April 24th.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in INFY. Trinity Street Asset Management LLP increased its stake in shares of Infosys by 45.5% in the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after buying an additional 4,674,742 shares during the period. Lazard Asset Management LLC increased its stake in shares of Infosys by 17.0% in the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock valued at $361,750,000 after buying an additional 3,893,801 shares during the period. Hudson Edge Investment Partners Inc. increased its stake in shares of Infosys by 56.5% in the first quarter. Hudson Edge Investment Partners Inc. now owns 4,452,990 shares of the technology company’s stock valued at $60,160,000 after buying an additional 1,607,300 shares during the period. Weiss Asset Management LP acquired a new position in shares of Infosys in the first quarter valued at approximately $10,708,000. Finally, Bessemer Group Inc. increased its stake in shares of Infosys by 49.3% in the first quarter. Bessemer Group Inc. now owns 1,720,708 shares of the technology company’s stock valued at $23,248,000 after buying an additional 568,573 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Trading Down 1.0%

Shares of NYSE INFY opened at $12.28 on Thursday. The company has a market cap of $49.68 billion, a price-to-earnings ratio of 15.34, a PEG ratio of 1.61 and a beta of 0.89. Infosys has a 12 month low of $11.56 and a 12 month high of $30.00. The stock has a 50-day moving average price of $12.99 and a two-hundred day moving average price of $15.32.

Infosys (NYSE:INFY) last issued its earnings results on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. The firm had revenue of $5.04 billion during the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%. On average, sell-side analysts predict that Infosys will post 0.83 earnings per share for the current year.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.