Infosys Ltd. (NYSE:INFY) Given Consensus Recommendation of “Hold” by Brokerages

Infosys Ltd. (NYSE:INFY) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, seven have given a hold recommendation and one has issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $13.6263.

Several research firms have recently weighed in on INFY. JPMorgan Chase & Co. reduced their price objective on Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th. Wells Fargo & Company set a $11.00 price target on shares of Infosys and gave the company an “equal weight” rating in a report on Friday, June 26th. Susquehanna reduced their price target on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a research report on Friday, April 24th. Weiss Ratings reiterated a “hold (c-)” rating on shares of Infosys in a research note on Monday, June 8th. Finally, TD Cowen dropped their price objective on shares of Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, April 6th.

Infosys Stock Performance

Shares of INFY stock opened at $11.17 on Monday. The firm has a market capitalization of $45.22 billion, a price-to-earnings ratio of 13.97, a price-to-earnings-growth ratio of 1.45 and a beta of 0.90. Infosys has a one year low of $10.34 and a one year high of $30.00. The company has a 50 day moving average price of $11.99 and a 200 day moving average price of $14.48.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Wednesday, April 1st. The technology company reported $0.23 earnings per share for the quarter. The company had revenue of $5.04 billion for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. As a group, equities analysts forecast that Infosys will post 0.83 EPS for the current fiscal year.

Institutional Trading of Infosys

Institutional investors have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in shares of Infosys during the first quarter worth about $97,000. State of Wyoming acquired a new position in Infosys during the 1st quarter worth approximately $134,000. Aureus Asset Management LLC acquired a new position in Infosys during the 1st quarter worth approximately $142,000. Able Wealth Management LLC purchased a new position in Infosys in the 1st quarter worth approximately $163,000. Finally, Dickmeyer Boyce Financial Management Inc. purchased a new position in Infosys in the 1st quarter worth approximately $173,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

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.