Susquehanna Trims Infosys (NYSE:INFY) Target Price to $14.00

Infosys (NYSE:INFY) had its price target cut by Susquehanna from $15.00 to $14.00 in a report issued on Friday, Benzinga reports. They currently have a negative rating on the technology company’s stock.

Several other analysts have also recently issued reports on INFY. UBS Group upgraded Infosys from a neutral rating to a buy rating in a report on Wednesday, January 3rd. Wedbush reaffirmed an outperform rating and issued a $22.00 price target on shares of Infosys in a research note on Wednesday, March 13th. BNP Paribas assumed coverage on Infosys in a research note on Wednesday, January 17th. They set an outperform rating and a $24.00 target price on the stock. HSBC reissued a hold rating and set a $20.10 target price on shares of Infosys in a research note on Friday. Finally, Bank of America upgraded Infosys from a neutral rating to a buy rating in a research note on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of Hold and a consensus target price of $19.27.

Infosys Price Performance

Infosys stock opened at $17.30 on Friday. The stock has a market capitalization of $71.61 billion, a PE ratio of 22.76, a price-to-earnings-growth ratio of 2.21 and a beta of 0.93. Infosys has a 12 month low of $14.71 and a 12 month high of $20.74. The business has a 50 day simple moving average of $18.74 and a 200-day simple moving average of $18.35.

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

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. GAMMA Investing LLC acquired a new position in shares of Infosys in the fourth quarter valued at approximately $36,000. JFS Wealth Advisors LLC boosted its position in Infosys by 88.3% during the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,381 shares in the last quarter. Planned Solutions Inc. purchased a new stake in Infosys during the fourth quarter worth $50,000. Jones Financial Companies Lllp purchased a new stake in Infosys during the fourth quarter worth $56,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after acquiring an additional 1,663 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

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.