Infosys Ltd. (NYSE:INFY) Stock Has Consensus Price Target of $11.79

Shares of Infosys Ltd. (NYSE:INFY) have been assigned a consensus rating of “Reduce” from the eleven analysts that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $11.79.

A number of brokerages have recently commented on INFY. The Goldman Sachs Group reaffirmed a “neutral” rating and set a $10.40 price target on shares of Infosys in a research report on Thursday, October 1st. HSBC set a $11.47 price target on Infosys and gave the stock a “hold” rating in a research note on Friday, July 24th. CLSA lowered shares of Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Stifel Nicolaus set a $13.00 target price on Infosys and gave the company a “hold” rating in a report on Thursday, July 16th. Finally, BMO Capital Markets reaffirmed a “market perform” rating and set a $13.00 target price (up from $12.00) on shares of Infosys in a report on Monday, October 26th.

Institutional Trading of Infosys

Large investors have recently modified their holdings of the business. Lazard Asset Management LLC lifted its stake in Infosys by 17.0% during the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock worth $361,750,000 after purchasing an additional 3,893,801 shares during the last quarter. Dimensional Fund Advisors LP lifted its position in Infosys by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company’s stock valued at $105,206,000 after purchasing an additional 52,393 shares during the last quarter. Bank of America Corp DE boosted its stake in shares of Infosys by 7.4% during the first quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company’s stock valued at $91,742,000 after purchasing an additional 469,843 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in shares of Infosys by 8.7% in the first quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company’s stock worth $87,685,000 after purchasing an additional 521,169 shares during the last quarter. Finally, Hudson Edge Investment Partners Inc. grew its holdings 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 worth $60,160,000 after purchasing an additional 1,607,300 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Trading Down 4.9%

NYSE:INFY opened at $11.91 on Friday. The stock has a market capitalization of $48.25 billion, a PE ratio of 14.92, a price-to-earnings-growth ratio of 3.13 and a beta of 0.87. The firm’s 50 day moving average is $11.51 and its 200 day moving average is $12.83. Infosys has a 12 month low of $10.12 and a 12 month high of $30.00.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, October 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a net margin of 16.21% and a return on equity of 34.81%. The firm had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.12 billion. Research analysts predict that Infosys will post 0.81 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.