Infosys Limited (NYSE:INFY) has received an average rating of “Hold” from the sixteen ratings firms that are currently covering the stock, MarketBeat.com reports. Three analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $14.97.
INFY has been the topic of several recent analyst reports. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $17.00 target price on the stock in a report on Tuesday, September 19th. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday. Oppenheimer reissued a “hold” rating on shares of Infosys in a report on Tuesday, October 24th. Stifel Nicolaus reissued a “hold” rating on shares of Infosys in a report on Thursday, October 26th. Finally, Cowen reissued a “hold” rating and issued a $15.00 target price on shares of Infosys in a report on Thursday, October 12th.
Several institutional investors and hedge funds have recently bought and sold shares of INFY. Tower Research Capital LLC TRC boosted its stake in shares of Infosys by 198.2% in the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after purchasing an additional 5,295 shares in the last quarter. Equity Investment Corp Acquisition Inc acquired a new stake in shares of Infosys in the 2nd quarter valued at approximately $151,000. Foster & Motley Inc. acquired a new stake in shares of Infosys in the 3rd quarter valued at approximately $166,000. Rational Advisors LLC acquired a new stake in shares of Infosys in the 2nd quarter valued at approximately $183,000. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Infosys by 4.7% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after purchasing an additional 605 shares in the last quarter. Institutional investors own 18.95% of the company’s stock.
Infosys (NYSE:INFY) traded up $0.11 during trading hours on Friday, reaching $15.67. 2,980,400 shares of the company were exchanged, compared to its average volume of 6,324,524. Infosys has a 1-year low of $13.42 and a 1-year high of $16.15. The company has a market capitalization of $35,565.16, a price-to-earnings ratio of 16.04, a price-to-earnings-growth ratio of 1.69 and a beta of 0.69.
Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. Infosys had a net margin of 21.04% and a return on equity of 21.05%. The business had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.78 billion. During the same period last year, the firm earned $0.24 earnings per share. analysts anticipate that Infosys will post 0.98 EPS for the current fiscal year.
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Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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