Infosys Limited (NYSE:INFY) Receives $19.27 Consensus Price Target from Brokerages

Shares of Infosys Limited (NYSE:INFY) have been assigned a consensus rating of “Hold” from the eleven analysts that are currently covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $19.27.

Several brokerages have commented on INFY. UBS Group raised Infosys from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Guggenheim initiated coverage on Infosys in a research report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price objective on the stock. Wedbush reiterated an “outperform” rating and set a $22.00 price objective on shares of Infosys in a research report on Wednesday, March 13th. Finally, HSBC restated a “hold” rating and issued a $20.10 target price on shares of Infosys in a research report on Friday.

Infosys Stock Performance

Shares of INFY stock opened at $17.30 on Friday. The stock’s 50-day simple moving average is $18.74 and its 200-day simple moving average is $18.35. The firm has a market capitalization of $71.61 billion, a PE ratio of 22.76, a P/E/G ratio of 2.21 and a beta of 0.93. Infosys has a fifty-two week low of $14.71 and a fifty-two week high of $20.74.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same period last year, the company earned $0.18 earnings per share. Sell-side analysts forecast that Infosys will post 0.76 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INFY. GAMMA Investing LLC purchased a new stake in Infosys during the 4th quarter worth about $36,000. JFS Wealth Advisors LLC increased its holdings in shares of Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,381 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of Infosys in the 4th quarter valued at about $50,000. Jones Financial Companies Lllp acquired a new stake in shares of Infosys in the 4th quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC boosted its position in shares of Infosys by 113.4% in the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after purchasing an additional 1,663 shares during the period. 10.89% of the stock is owned by institutional investors and hedge funds.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.