Infosys’ (INFY) “Neutral” Rating Reiterated at JPMorgan Chase & Co.

JPMorgan Chase & Co. restated their neutral rating on shares of Infosys (NYSE:INFY) in a report published on Friday morning, Marketbeat reports. They currently have a $10.90 target price on the technology company’s stock, down from their previous target price of $12.70.

INFY has been the subject of several other reports. BMO Capital Markets cut their target price on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, April 24th. HSBC set a $11.47 target price on Infosys in a research note on Friday. Susquehanna dropped their price target on Infosys from $14.00 to $12.00 and set a “neutral” rating on the stock in a research note on Friday, July 10th. TD Cowen cut their price target on Infosys from $13.00 to $10.00 and set a “hold” rating for the company in a report on Thursday, July 9th. Finally, Weiss Ratings reiterated a “hold (c-)” rating on shares of Infosys in a report on Monday, June 8th. Eight equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.63.

Infosys Trading Up 0.1%

Shares of INFY opened at $11.13 on Friday. The company’s fifty day simple moving average is $11.62 and its 200 day simple moving average is $13.68. Infosys has a 1-year low of $10.30 and a 1-year high of $30.00. The company has a market cap of $45.03 billion, a price-to-earnings ratio of 13.74, a PEG ratio of 2.57 and a beta of 0.90.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The firm had revenue of $4.99 billion during the quarter, compared to the consensus estimate of $5.08 billion. Infosys had a net margin of 16.38% and a return on equity of 33.91%. As a group, research analysts forecast that Infosys will post 0.81 earnings per share for the current year.

Institutional Investors Weigh In On Infosys

A number of hedge funds and other institutional investors have recently made changes to their positions in INFY. Trinity Street Asset Management LLP grew its position in 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 acquiring an additional 4,674,742 shares during the last quarter. Lazard Asset Management LLC lifted its holdings 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 worth $361,750,000 after acquiring an additional 3,893,801 shares during the last quarter. Hudson Edge Investment Partners Inc. lifted 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 acquiring an additional 1,607,300 shares during the last quarter. Weiss Asset Management LP acquired a new stake in shares of Infosys in the 1st quarter valued at approximately $10,708,000. Finally, Bessemer Group Inc. grew its holdings in shares of Infosys by 49.3% during the 1st quarter. Bessemer Group Inc. now owns 1,720,708 shares of the technology company’s stock valued at $23,248,000 after purchasing an additional 568,573 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Key Infosys News

Here are the key news stories impacting Infosys this week:

• Positive Sentiment: Infosys highlighted AI revenues at 8.2% of sales, showing continued traction in higher-growth services, while operating margin held firm at 21.1%. Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
• Positive Sentiment: The company reported strong large-deal wins of $3.6 billion and generated robust free cash flow, which supports the longer-term investment case. Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
• Neutral Sentiment: Infosys named Ashiss Kumar Dash as CEO-designate, giving the market a clearer leadership succession plan. India’s Infosys misses quarterly revenue view, names CEO designate
• Negative Sentiment: Q1 earnings and revenue missed estimates, with softer volumes and a client exit offsetting growth in AI services. Infosys Q1 Earnings Miss Estimates, Revenues Increase Y/Y
• Negative Sentiment: Infosys narrowed its FY27 revenue growth outlook to 1.5%-3.0%, signaling a more cautious view on demand and contributing to the stock’s decline. India’s Infosys misses quarterly revenue view, names CEO designate
• Negative Sentiment: Several brokerages cut price targets or turned more cautious after the results, reinforcing concern that near-term upside may be limited. These Analysts Slash Their Forecasts On Infosys After Q1 Results

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.