Infosys Ltd. (NYSE:INFY) Receives $14.22 Consensus Price Target from Brokerages

Shares of Infosys Ltd. (NYSE:INFY) have received an average recommendation of “Reduce” from the seven analysts that are covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation and six have assigned a hold recommendation to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $14.2183.

A number of research firms recently issued reports on INFY. Jefferies Financial Group cut shares of Infosys from a “buy” rating to a “hold” rating and set a $14.31 price target on the stock. in a research note on Monday, February 23rd. TD Cowen dropped their price target on shares of Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a research note on Monday, April 6th. Stifel Nicolaus set a $15.00 price target on shares of Infosys in a research note on Thursday, April 23rd. Susquehanna dropped their price target on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Finally, BMO Capital Markets lowered their target price on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research note on Friday, April 24th.

Infosys Stock Performance

Infosys stock opened at $12.06 on Friday. The company’s fifty day moving average price is $13.42 and its 200 day moving average price is $15.89. Infosys has a 1 year low of $11.92 and a 1 year high of $30.00. The stock has a market capitalization of $48.81 billion, a P/E ratio of 15.08, a P/E/G ratio of 1.60 and a beta of 0.89.

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

Institutional Trading of Infosys

Several large investors have recently bought and sold shares of the business. XY Capital Ltd acquired a new stake in Infosys in the 1st quarter valued at about $4,319,000. ABN Amro Investment Solutions boosted its holdings in shares of Infosys by 94.2% during the 1st quarter. ABN Amro Investment Solutions now owns 997,028 shares of the technology company’s stock worth $13,470,000 after purchasing an additional 483,700 shares during the last quarter. PNC Financial Services Group Inc. grew its position in shares of Infosys by 28.6% in the first quarter. PNC Financial Services Group Inc. now owns 128,035 shares of the technology company’s stock valued at $1,730,000 after purchasing an additional 28,506 shares in the last quarter. Madison Asset Management LLC grew its position in shares of Infosys by 5.4% in the first quarter. Madison Asset Management LLC now owns 124,188 shares of the technology company’s stock valued at $1,678,000 after purchasing an additional 6,358 shares in the last quarter. Finally, Dimensional Fund Advisors LP increased its holdings in shares of 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. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Company Profile

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.