Infosys Limited (NYSE:INFY) Given Consensus Recommendation of “Hold” by Analysts

Infosys Limited (NYSE:INFY – Get Rating) has been assigned an average recommendation of “Hold” from the thirteen analysts that are presently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among analysts that have covered the stock in the last year is $20.29.

Several research analysts have weighed in on the company. BMO Capital Markets lifted their target price on Infosys from $20.00 to $21.00 and gave the company a “market perform” rating in a research note on Friday, January 13th. Wedbush lowered their target price on Infosys from $25.00 to $22.00 and set an “outperform” rating on the stock in a research note on Monday. Finally, StockNews.com began coverage on Infosys in a research note on Thursday. They issued a “hold” rating on the stock.

Infosys Price Performance

Shares of Infosys stock opened at $17.19 on Friday. The business has a 50-day moving average of $18.51 and a 200 day moving average of $18.41. Infosys has a 12 month low of $16.39 and a 12 month high of $25.20. The stock has a market capitalization of $71.96 billion, a price-to-earnings ratio of 24.21, a price-to-earnings-growth ratio of 2.40 and a beta of 1.00.

Infosys (NYSE:INFY – Get Rating) last posted its quarterly earnings results on Thursday, January 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.66 billion. Infosys had a return on equity of 31.23% and a net margin of 16.66%. During the same quarter last year, the company earned $0.18 EPS. Equities research analysts anticipate that Infosys will post 0.72 earnings per share for the current year.

Institutional Investors Weigh In On Infosys

Several institutional investors have recently added to or reduced their stakes in the stock. West Family Investments Inc. grew its position in shares of Infosys by 22.7% during the 3rd quarter. West Family Investments Inc. now owns 49,946 shares of the technology company’s stock worth $848,000 after purchasing an additional 9,256 shares in the last quarter. Nomura Holdings Inc. lifted its stake in Infosys by 27.8% in the 2nd quarter. Nomura Holdings Inc. now owns 206,175 shares of the technology company’s stock valued at $3,837,000 after purchasing an additional 44,789 shares during the last quarter. Echo Street Capital Management LLC raised its stake in shares of Infosys by 134.5% during the second quarter. Echo Street Capital Management LLC now owns 38,203 shares of the technology company’s stock valued at $707,000 after acquiring an additional 21,911 shares during the last quarter. Twin Tree Management LP bought a new position in shares of Infosys during the second quarter valued at $148,000. Finally, FMR LLC raised its stake in shares of Infosys by 20.3% during the second quarter. FMR LLC now owns 29,344,087 shares of the technology company’s stock valued at $543,159,000 after acquiring an additional 4,956,478 shares during the last quarter. 12.68% of the stock is owned by institutional investors.

Infosys Company Profile

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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.