Infosys Limited (NYSE:INFY) Receives $19.70 Average Price Target from Analysts

Shares of Infosys Limited (NYSE:INFY - Get Free Report) have been assigned a consensus rating of "Hold" from the nine analysts that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, three have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $19.70.

INFY has been the subject of a number of analyst reports. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Guggenheim restated a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Finally, StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday.

Hedge Funds Weigh In On Infosys

Large investors have recently modified their holdings of the stock. SG Americas Securities LLC bought a new stake in shares of Infosys during the fourth quarter worth approximately $311,000. Jones Financial Companies Lllp grew its holdings in Infosys by 15.9% in the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after buying an additional 1,030 shares in the last quarter. Haven Global Partners LLC bought a new position in Infosys during the 4th quarter worth $4,078,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company's stock worth $14,941,000 after buying an additional 123,083 shares in the last quarter. Finally, Barclays PLC boosted its position in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after acquiring an additional 266,902 shares during the period. 16.20% of the stock is owned by institutional investors.

Remove Ads

Infosys Trading Up 7.9 %

Shares of NYSE INFY traded up $1.30 during midday trading on Friday, reaching $17.72. The company's stock had a trading volume of 20,796,100 shares, compared to its average volume of 9,608,502. The stock has a 50 day simple moving average of $19.61 and a 200-day simple moving average of $21.38. The stock has a market capitalization of $73.38 billion, a price-to-earnings ratio of 22.43, a PEG ratio of 3.50 and a beta of 0.97. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly 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 net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that Infosys will post 0.74 EPS for the current year.

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.