Infosys Limited (NYSE:INFY) Receives $20.22 Average Price Target from Brokerages

Shares of Infosys Limited (NYSE:INFY) have earned an average recommendation of “Hold” from the ten research firms that are presently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $19.78.

A number of research firms have recently issued reports on INFY. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th.

Infosys Price Performance

NYSE INFY opened at $18.27 on Tuesday. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a market cap of $75.66 billion, a P/E ratio of 23.12, a P/E/G ratio of 3.50 and a beta of 1.01. The stock has a 50-day moving average of $21.33 and a two-hundred day moving average of $22.10.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 in the previous year, the business earned $0.18 earnings per share. On average, analysts anticipate that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the company. Sierra Ocean LLC bought a new stake in shares of Infosys in the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in shares of Infosys in the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in shares of Infosys in the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys in the 3rd quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Company Profile

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.