Infosys (NYSE:INFY) Now Covered by Analysts at JPMorgan Chase & Co.

JPMorgan Chase & Co. initiated coverage on shares of Infosys (NYSE:INFY – Get Rating) in a research report report published on Tuesday morning, Briefing.com reports. The brokerage issued an underweight rating and a $14.00 target price on the technology company’s stock.

Other equities research analysts also recently issued reports about the company. Credit Suisse Group downgraded Infosys from an outperform rating to a neutral rating in a research report on Friday, April 14th. BMO Capital Markets cut their target price on Infosys from $21.00 to $18.00 and set a market perform rating for the company in a research note on Friday, April 14th. StockNews.com initiated coverage on shares of Infosys in a research note on Thursday, May 18th. They issued a hold rating on the stock. Macquarie cut shares of Infosys from an outperform rating to a neutral rating in a research note on Sunday, April 16th. Finally, Nomura lowered Infosys from a buy rating to a neutral rating in a research note on Thursday, April 13th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of Hold and a consensus price target of $18.57.

Infosys Stock Down 0.8 %

INFY opened at $15.53 on Tuesday. The firm has a market capitalization of $64.24 billion, a P/E ratio of 21.87, a price-to-earnings-growth ratio of 2.00 and a beta of 0.99. The stock’s 50 day moving average price is $15.99 and its two-hundred day moving average price is $17.76. Infosys has a 12-month low of $14.71 and a 12-month high of $20.60.

Infosys (NYSE:INFY – Get Rating) last released its earnings results on Thursday, April 13th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $4.55 billion for the quarter, compared to analyst estimates of $4.73 billion. Infosys had a net margin of 16.37% and a return on equity of 31.78%. During the same quarter in the previous year, the company earned $0.18 earnings per share. As a group, analysts anticipate that Infosys will post 0.76 earnings per share for the current year.

Institutional Trading of Infosys

Large investors have recently added to or reduced their stakes in the company. FWL Investment Management LLC bought a new stake in Infosys during the fourth quarter worth about $27,000. Schubert & Co raised its position in Infosys by 73.8% in the 4th quarter. Schubert & Co now owns 1,557 shares of the technology company’s stock valued at $28,000 after purchasing an additional 661 shares during the last quarter. EverSource Wealth Advisors LLC grew its holdings in Infosys by 75.6% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,902 shares of the technology company’s stock worth $34,000 after acquiring an additional 819 shares during the last quarter. Destiny Wealth Partners LLC raised its position in Infosys by 42.9% in the 4th quarter. Destiny Wealth Partners LLC now owns 1,922 shares of the technology company’s stock worth $35,000 after purchasing an additional 577 shares during the last quarter. Finally, WealthPLAN Partners LLC bought a new position in Infosys in the 1st quarter worth approximately $35,000. 12.68% of the stock is owned by institutional investors.

About Infosys

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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.