Infosys Limited (NYSE:INFY) Receives $19.27 Consensus PT from Analysts

Shares of Infosys Limited (NYSE:INFY) have earned an average recommendation of “Hold” from the eleven brokerages that are presently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $19.27.

A number of equities research analysts have recently issued reports on INFY shares. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. HSBC restated a “hold” rating and issued a $20.10 target price on shares of Infosys in a report on Friday. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Guggenheim began coverage on shares of Infosys in a report on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price on the stock. Finally, UBS Group raised Infosys from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd.

Hedge Funds Weigh In On Infosys

Several large investors have recently modified their holdings of INFY. GAMMA Investing LLC bought a new stake in Infosys in the 4th quarter worth about $36,000. JFS Wealth Advisors LLC grew its stake in shares of Infosys by 88.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,381 shares during the period. Planned Solutions Inc. purchased a new position in shares of Infosys during the 4th quarter valued at about $50,000. Jones Financial Companies Lllp purchased a new position in shares of Infosys during the 4th quarter valued at about $56,000. Finally, EverSource Wealth Advisors LLC lifted its position in shares of Infosys by 113.4% during the 4th quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock valued at $58,000 after buying an additional 1,663 shares in the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Infosys Stock Performance

INFY opened at $17.30 on Friday. The firm has a market cap of $71.61 billion, a P/E ratio of 22.76, a PEG ratio of 2.21 and a beta of 0.93. Infosys has a fifty-two week low of $14.71 and a fifty-two week high of $20.74. The firm has a 50-day moving average of $18.74 and a 200 day moving average of $18.35.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities research analysts predict that Infosys will post 0.76 earnings per share for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.