Infosys Limited (NYSE:INFY) Receives $20.85 Average PT from Analysts

Infosys Limited (NYSE:INFY) has earned an average recommendation of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $20.85.

A number of research analysts have recently weighed in on INFY shares. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Thursday, October 31st. Investec cut Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. BMO Capital Markets boosted their price objective on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Finally, Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th.

Institutional Trading of Infosys

Several large investors have recently made changes to their positions in INFY. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys in the 3rd quarter valued at approximately $33,000. Hilltop National Bank grew its holdings in Infosys by 50.8% during the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock valued at $55,000 after purchasing an additional 1,004 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Infosys by 22.6% in the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after purchasing an additional 541 shares during the period. Whittier Trust Co. of Nevada Inc. lifted its stake in shares of Infosys by 126.7% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after buying an additional 1,693 shares during the last quarter. Finally, Ridgewood Investments LLC bought a new stake in shares of Infosys during the 2nd quarter worth $162,000. Institutional investors own 10.89% of the company’s stock.

Infosys Price Performance

Shares of INFY opened at $21.77 on Wednesday. The company has a 50-day moving average of $22.44 and a two-hundred day moving average of $20.39. The stock has a market cap of $90.17 billion, a price-to-earnings ratio of 27.91, a PEG ratio of 3.34 and a beta of 1.00. Infosys has a one year low of $16.04 and a one year high of $23.48.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business posted $0.18 EPS. Analysts anticipate that Infosys will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The firm also recently declared a semi-annual dividend, which was paid on Tuesday, October 29th. Stockholders of record on Friday, January 1st were issued a dividend of $0.2126 per share. The ex-dividend date was Tuesday, October 29th. This represents a dividend yield of 1.1%. This is an increase from Infosys’s previous semi-annual dividend of $0.20. Infosys’s dividend payout ratio (DPR) is currently 53.85%.

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 digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.