Infosys (NYSE:INFY) Given New $18.00 Price Target at Stifel Nicolaus

Infosys (NYSE:INFY - Free Report) had its target price lowered by Stifel Nicolaus from $22.00 to $18.00 in a research report report published on Tuesday morning,Benzinga reports. The brokerage currently has a hold rating on the technology company's stock.

INFY has been the topic of several other reports. CLSA raised Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research report on Tuesday. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a report on Monday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Six analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, Infosys presently has a consensus rating of "Moderate Buy" and an average price target of $20.03.

Infosys Price Performance

INFY stock traded down $0.44 during midday trading on Tuesday, hitting $16.14. The stock had a trading volume of 20,714,101 shares, compared to its average volume of 9,663,744. The firm has a market cap of $66.84 billion, a price-to-earnings ratio of 20.43, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. The business has a 50-day moving average of $18.85 and a two-hundred day moving average of $21.10. Infosys has a 52-week low of $15.82 and a 52-week high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. During the same period last year, the company posted $0.23 EPS. Research analysts predict that Infosys will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. BHK Investment Advisors LLC raised its holdings in Infosys by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after purchasing an additional 507 shares during the period. Outlook Wealth Advisors LLC raised its stake in shares of Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock worth $403,000 after buying an additional 508 shares during the period. GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares during the period. Kovitz Investment Group Partners LLC lifted its position in shares of Infosys by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after buying an additional 579 shares in the last quarter. Finally, Flagship Harbor Advisors LLC grew its stake in shares of Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock valued at $242,000 after acquiring an additional 641 shares during the period. 16.20% of the stock is currently owned by 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.