Infosys Limited (NYSE:INFY) was downgraded by equities researchers at BidaskClub from a “sell” rating to a “strong sell” rating in a research report issued to clients and investors on Saturday, November 4th.
INFY has been the subject of several other research reports. Deutsche Bank AG raised shares of Infosys Limited from a “hold” rating to a “buy” rating in a research note on Monday, August 28th. Zacks Investment Research upgraded Infosys Limited from a “hold” rating to a “buy” rating and set a $16.00 price target for the company in a report on Wednesday, September 6th. Cowen and Company set a $15.00 price target on Infosys Limited and gave the company a “hold” rating in a report on Friday, August 18th. Stifel Nicolaus reiterated a “hold” rating and set a $15.50 target price on shares of Infosys Limited in a report on Friday, August 18th. Finally, BMO Capital Markets reiterated a “hold” rating and set a $16.00 target price on shares of Infosys Limited in a report on Friday, August 18th. Three investment analysts have rated the stock with a sell rating, eleven have given a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $15.34.
Infosys Limited (NYSE:INFY) opened at $15.27 on Friday. The stock has a market cap of $33,919.48, a P/E ratio of 15.30, a PEG ratio of 1.61 and a beta of 0.68. Infosys Limited has a 1 year low of $13.42 and a 1 year high of $16.15.
Infosys Limited (NYSE:INFY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, beating analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.78 billion. Infosys Limited had a net margin of 21.04% and a return on equity of 21.05%. During the same period last year, the firm posted $0.24 EPS. analysts forecast that Infosys Limited will post 0.98 EPS for the current fiscal year.
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Hedge funds have recently made changes to their positions in the stock. PNC Financial Services Group Inc. boosted its stake in Infosys Limited by 82.0% during the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock valued at $120,000 after buying an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC lifted its holdings in shares of Infosys Limited by 198.2% during the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,295 shares during the last quarter. Equity Investment Corp Acquisition Inc purchased a new stake in shares of Infosys Limited during the second quarter valued at $151,000. Personal Capital Advisors Corp purchased a new stake in shares of Infosys Limited during the second quarter valued at $166,000. Finally, Foster & Motley Inc. purchased a new stake in shares of Infosys Limited during the third quarter valued at $166,000. 19.47% of the stock is owned by institutional investors and hedge funds.
Infosys Limited Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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