Analysts Set Infosys Limited (NYSE:INFY) Price Target at $20.22

Infosys Limited (NYSE:INFY) has been assigned a consensus recommendation of “Hold” from the ten analysts that are covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price objective among analysts that have issued ratings on the stock in the last year is $20.22.

A number of equities analysts recently commented on INFY shares. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets increased their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd.

Infosys Stock Performance

INFY stock opened at $21.62 on Monday. The company has a market capitalization of $89.53 billion, a P/E ratio of 27.36, a PEG ratio of 3.47 and a beta of 1.00. The company has a fifty day moving average price of $22.49 and a 200-day moving average price of $22.23. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the company posted $0.18 earnings per share. As a group, sell-side analysts forecast that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Infosys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in INFY. Robeco Institutional Asset Management B.V. raised its holdings in Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock worth $542,051,000 after buying an additional 9,923,744 shares during the last quarter. Victory Capital Management Inc. raised its holdings in shares of Infosys by 6,071.1% in the 3rd quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company’s stock worth $105,556,000 after acquiring an additional 4,663,023 shares during the last quarter. Millennium Management LLC raised its holdings in shares of Infosys by 67.9% in the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock worth $141,532,000 after acquiring an additional 3,074,432 shares during the last quarter. Public Employees Retirement System of Ohio bought a new position in Infosys in the 3rd quarter valued at about $36,039,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its stake in Infosys by 186.3% during the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company’s stock valued at $48,697,000 after purchasing an additional 1,422,814 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

About Infosys

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.