Infosys Limited (NYSE:INFY) Given Average Recommendation of "Hold" by Analysts

Infosys Limited (NYSE:INFY - Get Free Report) has earned an average recommendation of "Hold" from the ten analysts that are presently covering the company, MarketBeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $20.22.

A number of analysts have recently weighed in on the company. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Finally, StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research note on Wednesday, January 22nd.

Infosys Stock Down 0.8 %

Infosys stock traded down $0.17 during mid-day trading on Friday, hitting $21.58. 7,038,078 shares of the company were exchanged, compared to its average volume of 10,675,010. The business has a fifty day moving average of $22.33 and a 200 day moving average of $22.31. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a market capitalization of $89.36 billion, a PE ratio of 27.31, a price-to-earnings-growth ratio of 3.64 and a beta of 1.00.

Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the firm earned $0.18 EPS. Research analysts expect that Infosys will post 0.74 earnings per share for the current year.

Institutional Trading of Infosys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers grew its position in shares of Infosys by 12.8% during the 2nd quarter. Cetera Investment Advisers now owns 67,625 shares of the technology company's stock worth $1,259,000 after buying an additional 7,662 shares during the period. Sanctuary Advisors LLC acquired a new position in shares of Infosys during the 2nd quarter worth about $309,000. Creative Planning grew its position in shares of Infosys by 26.4% during the 3rd quarter. Creative Planning now owns 400,866 shares of the technology company's stock worth $8,927,000 after buying an additional 83,648 shares during the period. Vontobel Holding Ltd. grew its position in shares of Infosys by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 823,280 shares of the technology company's stock worth $18,334,000 after buying an additional 30,574 shares during the period. Finally, Aaron Wealth Advisors LLC acquired a new position in shares of Infosys during the 3rd quarter worth about $280,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.