Infosys Ltd. (NYSE:INFY) Stock Has Average Target Price of $11.45

Shares of Infosys Ltd. (NYSE:INFY) have been assigned an average recommendation of “Reduce” from the eleven brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation and ten have assigned a hold recommendation to the company. The average 1 year target price among analysts that have issued ratings on the stock in the last year is $11.45.

Several equities analysts recently commented on INFY shares. Susquehanna dropped their target price on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday, July 24th. JPMorgan Chase & Co. reiterated a “neutral” rating and set a $10.90 target price (down from $12.70) on shares of Infosys in a research report on Friday, July 24th. Wells Fargo & Company set a $11.00 price target on Infosys and gave the stock an “equal weight” rating in a research note on Friday, June 26th. BMO Capital Markets reissued a “market perform” rating and issued a $12.00 price target (down from $13.00) on shares of Infosys in a research note on Friday, July 24th. Finally, HSBC set a $11.47 price target on Infosys and gave the company a “hold” rating in a report on Friday, July 24th.

Infosys Stock Performance

Shares of INFY opened at $10.74 on Wednesday. The stock has a fifty day moving average of $11.51 and a two-hundred day moving average of $12.00. The company has a market capitalization of $43.49 billion, a PE ratio of 13.26, a price-to-earnings-growth ratio of 2.50 and a beta of 0.88. Infosys has a fifty-two week low of $10.12 and a fifty-two week high of $30.00.

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

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Farther Finance Advisors LLC raised its stake in Infosys by 35.5% during the third quarter. Farther Finance Advisors LLC now owns 20,655 shares of the technology company’s stock worth $222,000 after purchasing an additional 5,408 shares during the period. Confluence Investment Management LLC grew its stake in shares of Infosys by 5.5% during the 3rd quarter. Confluence Investment Management LLC now owns 18,601 shares of the technology company’s stock valued at $200,000 after buying an additional 965 shares during the period. QRG Capital Management Inc. grew its stake in shares of Infosys by 4.5% during the 2nd quarter. QRG Capital Management Inc. now owns 30,832 shares of the technology company’s stock valued at $323,000 after buying an additional 1,335 shares during the period. Sequoia Financial Advisors LLC grew its stake in shares of Infosys by 32.8% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 109,291 shares of the technology company’s stock valued at $1,146,000 after buying an additional 26,984 shares during the period. Finally, Tidal Investments LLC increased its holdings in shares of Infosys by 106.3% during the 2nd quarter. Tidal Investments LLC now owns 125,298 shares of the technology company’s stock worth $1,314,000 after buying an additional 64,563 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

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.