Infosys Limited (NYSE:INFY) Receives Consensus Rating of "Hold" from Analysts

Infosys Limited (NYSE:INFY - Get Free Report) has earned a consensus recommendation of "Hold" from the twelve brokerages that are currently covering the firm, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $20.85.

INFY has been the subject of several research analyst reports. Erste Group Bank raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Wednesday, September 11th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a report on Wednesday, November 20th. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a "market perform" rating in a report on Friday, October 18th. Finally, Investec cut Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd.

Infosys Price Performance

NYSE INFY traded down $0.67 on Friday, hitting $22.07. The stock had a trading volume of 5,620,906 shares, compared to its average volume of 7,979,367. The business's fifty day moving average price is $22.23 and its 200 day moving average price is $20.99. The stock has a market cap of $91.41 billion, a price-to-earnings ratio of 28.29, a price-to-earnings-growth ratio of 3.56 and a beta of 1.00. Infosys has a 52-week low of $16.04 and a 52-week high of $23.48.

Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The company had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same period in the prior year, the company posted $0.18 EPS. As a group, sell-side analysts anticipate that Infosys will post 0.75 EPS for the current year.

Infosys Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were paid a $0.2126 dividend. This is an increase from Infosys's previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a dividend yield of 1.1%. Infosys's dividend payout ratio is presently 53.85%.

Hedge Funds Weigh In On Infosys

Institutional investors have recently made changes to their positions in the company. Tidal Investments LLC acquired a new stake in shares of Infosys during the 1st quarter valued at about $371,000. Virtu Financial LLC purchased a new stake in shares of Infosys in the first quarter valued at approximately $244,000. Cetera Advisors LLC acquired a new position in shares of Infosys during the 1st quarter worth approximately $210,000. GAMMA Investing LLC lifted its position in shares of Infosys by 22.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company's stock valued at $55,000 after buying an additional 541 shares in the last quarter. Finally, Somerset Trust Co grew its stake in Infosys by 4.2% in the 2nd quarter. Somerset Trust Co now owns 15,140 shares of the technology company's stock valued at $282,000 after acquiring an additional 611 shares during the period. 10.89% of the stock is owned by hedge funds and other institutional investors.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.