Infosys Ltd. (NYSE:INFY) Stock Rated “Reduce” by Sell-Side Analysts

Infosys Ltd. (NYSE:INFY) has been given a consensus recommendation of “Reduce” by the eleven ratings firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and ten have issued a hold recommendation on the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $11.79.

INFY has been the topic of a number of research analyst reports. CLSA cut Infosys from an “outperform” rating to a “hold” rating in a report on Wednesday, August 19th. HSBC set a $11.47 price objective on shares of Infosys and gave the company a “hold” rating in a report on Friday, July 24th. JPMorgan Chase & Co. cut shares of Infosys from an “overweight” rating to a “neutral” rating and reduced their price objective for the company from $12.70 to $10.90 in a research report on Friday, July 24th. 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. Finally, Jefferies Financial Group reissued a “hold” rating and issued a $14.31 target price (down from $20.82) on shares of Infosys in a report on Monday, August 31st.

Institutional Trading of Infosys

A number of institutional investors and hedge funds have recently bought and sold shares of INFY. Nisa Investment Advisors LLC boosted its holdings in shares of Infosys by 87.1% during the 3rd quarter. Nisa Investment Advisors LLC now owns 3,683 shares of the technology company’s stock valued at $40,000 after purchasing an additional 1,715 shares during the last quarter. Allworth Financial LP boosted its stake in Infosys by 46.3% during the third quarter. Allworth Financial LP now owns 5,854 shares of the technology company’s stock valued at $61,000 after buying an additional 1,852 shares during the last quarter. V Square Quantitative Management LLC purchased a new position in Infosys during the 1st quarter valued at approximately $97,000. TD Waterhouse Canada Inc. grew its holdings in Infosys by 14.2% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after buying an additional 1,131 shares in the last quarter. Finally, State of Wyoming purchased a new position in Infosys during the 1st quarter valued at approximately $134,000. 16.20% of the stock is currently owned by institutional investors.

Infosys Stock Performance

INFY opened at $12.48 on Friday. Infosys has a fifty-two week low of $10.12 and a fifty-two week high of $30.00. The firm’s fifty day moving average is $11.55 and its 200 day moving average is $12.74. The stock has a market cap of $50.56 billion, a price-to-earnings ratio of 15.41, a price-to-earnings-growth ratio of 3.12 and a beta of 0.87.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, October 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Infosys had a return on equity of 34.81% and a net margin of 16.21%. The business had revenue of $5.19 billion during the quarter, compared to analysts’ expectations of $5.12 billion. On average, equities research analysts predict that Infosys will post 0.81 earnings per share for the current year.

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. 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.