Infosys (NYSE:INFY) PT Lowered to $18.00

Infosys (NYSE:INFY) had its target price lowered by BMO Capital Markets from $21.00 to $18.00 in a research note issued to investors on Friday morning, Benzinga reports. The brokerage currently has a market perform rating on the technology company’s stock.

A number of other equities research analysts have also issued reports on the company. StockNews.com lowered Infosys from a buy rating to a hold rating in a research report on Tuesday, March 19th. HSBC reissued a hold rating and issued a $20.10 target price on shares of Infosys in a research report on Friday. Guggenheim assumed coverage on Infosys in a research report on Tuesday, March 19th. They issued a neutral rating and a $20.00 target price on the stock. UBS Group raised Infosys from a neutral rating to a buy rating in a research report on Wednesday, January 3rd. Finally, Bank of America raised Infosys from a neutral rating to a buy rating in a research report on Tuesday, April 9th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, Infosys presently has a consensus rating of Hold and a consensus target price of $19.27.

Infosys Price Performance

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

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The company 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 quarter last year, the firm posted $0.18 earnings per share. Equities analysts anticipate that Infosys will post 0.76 EPS for the current year.

Institutional Inflows and Outflows

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

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.