Infosys Ltd. (NYSE:INFY) Receives $12.50 Average Target Price from Analysts

Shares of Infosys Ltd. (NYSE:INFY) have been given a consensus recommendation of “Reduce” by the ten research firms that are currently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation and nine have given a hold recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $11.6311.

Several equities analysts have commented on INFY shares. Weiss Ratings restated a “hold (c-)” rating on shares of Infosys in a research note on Monday, June 8th. Stifel Nicolaus set a $13.00 target price on shares of Infosys and gave the stock a “hold” rating in a research note on Thursday, July 16th. HSBC set a $11.47 price target on Infosys and gave the company a “hold” rating in a report on Friday. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $10.90 price objective (down from $12.70) on shares of Infosys in a report on Friday, July 24th. Finally, TD Cowen restated a “hold” rating and set a $9.00 target price (down from $10.00) on shares of Infosys in a research report on Friday.

Hedge Funds Weigh In On Infosys

A number of hedge funds and other institutional investors have recently made changes to their positions in INFY. Lazard Asset Management LLC raised its stake in Infosys by 17.0% during the 1st quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock valued at $361,750,000 after acquiring an additional 3,893,801 shares during the last quarter. Trinity Street Asset Management LLP grew its stake in shares of Infosys by 45.5% in the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after purchasing an additional 4,674,742 shares during the last quarter. Dimensional Fund Advisors LP increased its holdings in shares of Infosys by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company’s stock valued at $105,206,000 after purchasing an additional 52,393 shares during the period. Bank of America Corp DE increased its holdings in shares of Infosys by 7.4% in the first quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company’s stock valued at $91,742,000 after purchasing an additional 469,843 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Infosys by 8.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company’s stock worth $87,685,000 after purchasing an additional 521,169 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

Shares of INFY opened at $12.32 on Friday. Infosys has a 1-year low of $10.30 and a 1-year high of $30.00. The firm has a 50-day simple moving average of $11.60 and a two-hundred day simple moving average of $13.59. The stock has a market cap of $49.85 billion, a PE ratio of 15.21, a P/E/G ratio of 2.73 and a beta of 0.90.

Infosys (NYSE:INFY) last issued its quarterly 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). Infosys had a return on equity of 33.91% and a net margin of 16.38%.The business had revenue of $4.99 billion for the quarter, compared to analysts’ expectations of $5.08 billion. As a group, sell-side analysts expect that Infosys will post 0.81 earnings per share for the current fiscal 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.