Infosys Limited (NYSE:INFY) has been given an average recommendation of “Hold” by the seventeen analysts that are currently covering the stock, Marketbeat reports. Three research analysts have rated the stock with a sell recommendation, twelve have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among brokers that have covered the stock in the last year is $15.70.
A number of analysts have commented on the company. BidaskClub downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research report on Monday, July 31st. Zacks Investment Research downgraded Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, July 28th. Cantor Fitzgerald reiterated a “hold” rating and set a $15.00 target price on shares of Infosys Limited in a research report on Friday, July 14th. Goldman Sachs Group, Inc. (The) restated a “sell” rating on shares of Infosys Limited in a research report on Friday, June 9th. Finally, HSBC Holdings plc upgraded Infosys Limited from a “hold” rating to a “buy” rating in a research report on Thursday, June 8th.
Several large investors have recently bought and sold shares of INFY. CT Financial Advisors LLC bought a new stake in Infosys Limited during the first quarter worth about $144,000. Genesis Asset Managers LLP raised its stake in Infosys Limited by 11.5% in the first quarter. Genesis Asset Managers LLP now owns 13,740,028 shares of the technology company’s stock worth $217,092,000 after buying an additional 1,414,698 shares during the period. Creative Planning raised its stake in Infosys Limited by 3.3% in the first quarter. Creative Planning now owns 24,159 shares of the technology company’s stock worth $382,000 after buying an additional 782 shares during the period. Bank of Montreal Can raised its stake in Infosys Limited by 30.0% in the first quarter. Bank of Montreal Can now owns 2,046,801 shares of the technology company’s stock worth $32,340,000 after buying an additional 472,613 shares during the period. Finally, Gradient Investments LLC raised its stake in Infosys Limited by 16,160.4% in the first quarter. Gradient Investments LLC now owns 17,236 shares of the technology company’s stock worth $272,000 after buying an additional 17,130 shares during the period. Institutional investors and hedge funds own 20.77% of the company’s stock.
Shares of Infosys Limited (NYSE:INFY) traded down 0.13% on Friday, reaching $15.52. The company’s stock had a trading volume of 2,476,228 shares. Infosys Limited has a 1-year low of $13.42 and a 1-year high of $16.71. The stock has a market capitalization of $35.47 billion, a P/E ratio of 16.35 and a beta of 0.79. The company has a 50 day moving average of $15.28 and a 200 day moving average of $15.03.
Infosys Limited (NYSE:INFY) last posted its earnings results on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.01. The company had revenue of $170.78 billion for the quarter, compared to the consensus estimate of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. Infosys Limited’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.22 earnings per share. Equities research analysts expect that Infosys Limited will post $0.98 earnings per share for the current fiscal year.
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About Infosys Limited
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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