Infosys (NYSE:INFY) Hits New 12-Month Low – Should You Sell?

Infosys Ltd. (NYSE:INFY) hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as $11.50 and last traded at $11.7720, with a volume of 468282 shares. The stock had previously closed at $11.76.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on INFY. Susquehanna dropped their target price on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Stifel Nicolaus set a $15.00 price objective on shares of Infosys in a research report on Thursday, April 23rd. Weiss Ratings restated a “hold (c-)” rating on shares of Infosys in a research report on Monday. Jefferies Financial Group downgraded shares of Infosys from a “buy” rating to a “hold” rating and set a $14.31 price objective on the stock. in a research report on Monday, February 23rd. Finally, TD Cowen lowered their price objective on shares of Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a research report on Monday, April 6th. Six equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Infosys presently has a consensus rating of “Reduce” and an average target price of $14.22.

Infosys Price Performance

The company has a market cap of $46.48 billion, a P/E ratio of 14.38, a P/E/G ratio of 1.59 and a beta of 0.89. The stock’s 50-day moving average is $12.95 and its two-hundred day moving average is $15.25.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 earnings per share for the quarter. The company had revenue of $5.04 billion for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. On average, analysts predict that Infosys Ltd. will post 0.83 EPS for the current year.

Institutional Trading of Infosys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFY. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Infosys by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after buying an additional 3,804 shares during the last quarter. NewEdge Advisors LLC increased its holdings in Infosys by 79.9% during the first quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares during the last quarter. Dynamic Technology Lab Private Ltd purchased a new stake in Infosys during the first quarter valued at approximately $239,000. Trinity Street Asset Management LLP increased its holdings in Infosys by 45.5% during the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after buying an additional 4,674,742 shares during the last quarter. Finally, Deltec Asset Management LLC increased its holdings in Infosys by 13.6% during the first quarter. Deltec Asset Management LLC now owns 58,500 shares of the technology company’s stock valued at $790,000 after buying an additional 7,000 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other 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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.