Infosys (NYSE:INFY) Hits New 12-Month Low – Should You Sell?

Infosys Ltd. (NYSE:INFY)’s stock price hit a new 52-week low during trading on Thursday . The company traded as low as $11.50 and last traded at $11.7720, with a volume of 468282 shares traded. The stock had previously closed at $11.76.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Weiss Ratings reiterated a “hold (c-)” rating on shares of Infosys in a research report on Monday. Susquehanna decreased their target price 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. BMO Capital Markets decreased their price objective on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Stifel Nicolaus set a $15.00 price objective on shares of Infosys in a research report on Thursday, April 23rd. Finally, TD Cowen reduced their price target on shares of Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Reduce” and an average target price of $14.22.

Infosys Price Performance

The firm’s 50 day moving average is $12.95 and its 200 day moving average is $15.25. The firm has a market cap of $46.48 billion, a P/E ratio of 14.38, a price-to-earnings-growth ratio of 1.59 and a beta of 0.89.

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

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the company. Boston Common Asset Management LLC lifted its stake in shares of Infosys by 1.1% in the first quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock worth $2,819,000 after buying an additional 2,300 shares in the last quarter. Laidlaw Wealth Management LLC lifted its stake in shares of Infosys by 30.8% in the first quarter. Laidlaw Wealth Management LLC now owns 14,650 shares of the technology company’s stock worth $198,000 after buying an additional 3,450 shares in the last quarter. Bessemer Group Inc. lifted 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 worth $23,248,000 after buying an additional 568,573 shares in the last quarter. Geneos Wealth Management Inc. lifted its stake in shares of Infosys by 46.3% in the first quarter. Geneos Wealth Management Inc. now owns 77,173 shares of the technology company’s stock worth $1,043,000 after buying an additional 24,422 shares in the last quarter. Finally, Advisors Preferred LLC bought a new position in shares of Infosys in the first quarter worth approximately $296,000. 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.