Stifel Nicolaus Has Lowered Expectations for Infosys (NYSE:INFY) Stock Price

Infosys (NYSE:INFY - Get Free Report) had its price target cut by analysts at Stifel Nicolaus from $18.00 to $17.00 in a research note issued on Monday,Benzinga reports. The brokerage currently has a "hold" rating on the technology company's stock. Stifel Nicolaus' target price indicates a potential upside of 2.45% from the stock's current price.

A number of other equities analysts have also recently commented on the stock. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research note on Monday, April 14th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Investec raised Infosys from a "sell" rating to a "buy" rating in a research report on Friday. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research report on Tuesday, April 15th. Finally, Guggenheim reissued a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Seven equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $17.48.

Infosys Stock Performance

Shares of INFY traded up $0.45 during midday trading on Monday, hitting $16.59. 7,131,902 shares of the company traded hands, compared to its average volume of 9,628,841. The stock has a market cap of $68.73 billion, a price-to-earnings ratio of 21.00, a PEG ratio of 3.50 and a beta of 0.97. The firm has a 50 day moving average of $18.85 and a 200-day moving average of $21.09. Infosys has a 52 week low of $15.82 and a 52 week high of $23.63.

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

Hedge Funds Weigh In On Infosys

A number of institutional investors have recently modified their holdings of INFY. BHK Investment Advisors LLC grew its stake in Infosys by 2.3% in the fourth 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 in the last quarter. Outlook Wealth Advisors LLC lifted its holdings in shares of Infosys by 2.8% in the 4th 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 grew its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares in the last quarter. Kovitz Investment Group Partners LLC increased its stake in shares of Infosys by 5.9% during the fourth 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 during the period. Finally, Flagship Harbor Advisors LLC raised its holdings in shares of Infosys by 6.2% in the fourth 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 in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

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.

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