Infosys Limited (NYSE:INFY) Receives $20.22 Consensus Target Price from Brokerages

Infosys Limited (NYSE:INFY - Get Free Report) has received an average recommendation of "Hold" from the ten ratings firms that are covering the firm, MarketBeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 1 year target price among brokers that have covered the stock in the last year is $20.22.

Several brokerages have issued reports on INFY. HSBC raised Infosys from a "hold" rating to a "buy" rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. StockNews.com cut shares of Infosys from a "buy" rating to a "hold" rating in a report on Friday, January 3rd. Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday. Finally, Investec downgraded Infosys from a "hold" rating to a "sell" rating in a research report on Thursday, October 3rd.

Infosys Trading Down 1.9 %

Shares of INFY traded down $0.41 during midday trading on Monday, reaching $21.16. 13,511,955 shares of the stock were exchanged, compared to its average volume of 4,648,636. The company has a market capitalization of $87.65 billion, a P/E ratio of 27.13, a PEG ratio of 3.71 and a beta of 1.00. Infosys has a 52 week low of $16.04 and a 52 week high of $23.63. The company's 50 day moving average is $22.53 and its two-hundred day moving average is $22.21.

Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts' consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter in the prior year, the business posted $0.18 EPS. On average, sell-side analysts expect that Infosys will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Infosys

Large investors have recently bought and sold shares of the company. Mizuho Securities Co. Ltd. acquired a new stake in Infosys during the 3rd quarter worth about $33,000. Brooklyn Investment Group acquired a new stake in Infosys during the fourth quarter worth about $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys during the third quarter valued at approximately $57,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company's stock valued at $85,000 after acquiring an additional 766 shares during the period. Finally, GAMMA Investing LLC grew its stake in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company's stock worth $88,000 after purchasing an additional 1,005 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

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.