Infosys Limited (NYSE:INFY) Given Average Recommendation of “Hold” by Analysts

Infosys Limited (NYSE:INFY) has been given a consensus rating of “Hold” by the ten analysts that are currently covering the firm, MarketBeat.com reports. Two research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $20.22.

Several research firms recently issued reports on INFY. BMO Capital Markets boosted their price target on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research note on Friday, October 18th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

Infosys Price Performance

Shares of INFY opened at $21.70 on Monday. The company’s 50-day moving average is $22.49 and its 200-day moving average is $22.22. The firm has a market capitalization of $89.86 billion, a PE ratio of 27.46, a PEG ratio of 3.54 and a beta of 1.00. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting 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 period in the previous year, the company posted $0.18 EPS. Analysts predict that Infosys will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infosys

Hedge funds and other institutional investors have recently modified their holdings of the business. Mercer Global Advisors Inc. ADV boosted its stake in Infosys by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock valued at $328,000 after buying an additional 505 shares in the last quarter. Outlook Wealth Advisors LLC boosted its stake 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 valued at $403,000 after purchasing an additional 508 shares in the last quarter. Canopy Partners LLC grew its holdings in shares of Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC grew its holdings 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 valued at $99,000 after purchasing an additional 560 shares during the last quarter. Finally, Flagship Harbor Advisors LLC increased its position in Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after purchasing an additional 641 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

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.