Infosys (NYSE:INFY) has earned a consensus recommendation of “Hold” from the twenty brokerages that are currently covering the firm, Marketbeat.com reports. Four equities research analysts have rated the stock with a sell rating, nine have given a hold rating and seven have assigned a buy rating to the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $16.47.
INFY has been the topic of several analyst reports. Morgan Stanley upgraded shares of Infosys from an “equal weight” rating to an “overweight” rating in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $19.00 target price on the stock in a report on Tuesday, January 16th. Cantor Fitzgerald reiterated a “hold” rating and issued a $16.00 target price on shares of Infosys in a report on Tuesday, January 16th. UBS upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. Finally, ValuEngine upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Friday, February 2nd.
Several hedge funds have recently modified their holdings of INFY. LGT Capital Partners LTD. increased its position in shares of Infosys by 47.5% during the fourth quarter. LGT Capital Partners LTD. now owns 553,700 shares of the technology company’s stock worth $8,981,000 after acquiring an additional 178,200 shares in the last quarter. Hexavest Inc. increased its position in shares of Infosys by 16.9% during the fourth quarter. Hexavest Inc. now owns 1,014,916 shares of the technology company’s stock worth $16,462,000 after acquiring an additional 146,837 shares in the last quarter. KCS Wealth Advisory bought a new stake in shares of Infosys during the fourth quarter worth $570,000. Community Bank & Trust Waco Texas increased its position in shares of Infosys by 19.0% during the fourth quarter. Community Bank & Trust Waco Texas now owns 20,855 shares of the technology company’s stock worth $338,000 after acquiring an additional 3,335 shares in the last quarter. Finally, Oldfield Partners LLP increased its position in shares of Infosys by 9.3% during the fourth quarter. Oldfield Partners LLP now owns 3,397,102 shares of the technology company’s stock worth $55,101,000 after acquiring an additional 289,800 shares in the last quarter. 19.52% of the stock is owned by institutional investors.
NYSE INFY traded up $0.09 during trading hours on Monday, hitting $17.65. The company’s stock had a trading volume of 3,728,400 shares, compared to its average volume of 6,445,203. Infosys has a twelve month low of $17.61 and a twelve month high of $17.79. The firm has a market capitalization of $38.16 billion, a P/E ratio of 17.48, a P/E/G ratio of 1.83 and a beta of 0.62.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Friday, April 13th. The technology company reported $0.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Infosys had a net margin of 22.73% and a return on equity of 21.93%. The business had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the business posted $0.24 earnings per share. equities research analysts anticipate that Infosys will post 1.05 earnings per share for the current fiscal year.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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