Infosys Ltd. (NYSE:INFY) Stock Has Average Target Price of $11.45

Infosys Ltd. (NYSE:INFY) has been assigned a consensus recommendation of “Reduce” from the eleven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating and ten have issued a hold rating on the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $11.45.

A number of brokerages recently weighed in on INFY. Stifel Nicolaus set a $13.00 price objective on shares of Infosys and gave the company a “hold” rating in a research report on Thursday, July 16th. Weiss Ratings lowered shares of Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday, July 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.90 price target (down from $12.70) on shares of Infosys in a research note on Friday, July 24th. Jefferies Financial Group reiterated a “hold” rating on shares of Infosys in a report on Monday, August 31st. Finally, HSBC set a $11.47 price objective on Infosys and gave the stock a “hold” rating in a research note on Friday, July 24th.

Institutional Trading of Infosys

A number of hedge funds have recently added to or reduced their stakes in the business. Confluence Investment Management LLC boosted its position in Infosys by 5.5% during the 3rd quarter. Confluence Investment Management LLC now owns 18,601 shares of the technology company’s stock valued at $200,000 after acquiring an additional 965 shares in the last quarter. TD Waterhouse Canada Inc. boosted its position in Infosys by 14.2% during the second quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after purchasing an additional 1,131 shares in the last quarter. QRG Capital Management Inc. boosted its position in Infosys by 4.5% during the second quarter. QRG Capital Management Inc. now owns 30,832 shares of the technology company’s stock valued at $323,000 after purchasing an additional 1,335 shares in the last quarter. Boston Common Asset Management LLC lifted its position in shares of Infosys by 1.1% during the first quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock valued at $2,819,000 after buying an additional 2,300 shares during the last quarter. Finally, Glenmede Trust Co. NA lifted its position in shares of Infosys by 17.8% during the first quarter. Glenmede Trust Co. NA now owns 21,055 shares of the technology company’s stock valued at $284,000 after buying an additional 3,179 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Up 0.4%

INFY stock opened at $10.74 on Wednesday. Infosys has a twelve month low of $10.12 and a twelve month high of $30.00. The firm has a market cap of $43.49 billion, a price-to-earnings ratio of 13.26, a PEG ratio of 2.49 and a beta of 0.88. The business’s fifty day simple moving average is $11.51 and its two-hundred day simple moving average is $12.01.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $4.99 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Infosys had a net margin of 16.38% and a return on equity of 33.91%. Research analysts expect that Infosys will post 0.81 EPS for the current year.

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.