ValuEngine upgraded shares of Infosys (NYSE:INFY) from a hold rating to a buy rating in a report published on Wednesday.
A number of other equities analysts also recently commented on the stock. Jefferies Financial Group reissued a buy rating and issued a $20.30 target price on shares of Infosys in a research note on Sunday, April 15th. Berenberg Bank initiated coverage on shares of Infosys in a research note on Friday, April 6th. They issued a sell rating and a $14.00 target price on the stock. BMO Capital Markets reissued a hold rating and issued a $18.00 target price on shares of Infosys in a research note on Wednesday, April 11th. William Blair reissued an underperform rating on shares of Infosys in a research note on Friday, April 13th. Finally, Stifel Nicolaus reissued a hold rating and issued a $16.00 target price on shares of Infosys in a research note on Friday, April 13th. Five analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. Infosys presently has a consensus rating of Hold and an average price target of $16.35.
Shares of Infosys opened at $19.43 on Wednesday, according to MarketBeat Ratings. The firm has a market capitalization of $41.29 billion, a price-to-earnings ratio of 19.24, a P/E/G ratio of 1.97 and a beta of 0.62. Infosys has a fifty-two week low of $13.88 and a fifty-two week high of $19.51.
Infosys (NYSE:INFY) last issued its earnings results on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, beating the Zacks’ 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 the consensus estimate of $2.77 billion. During the same quarter last year, the firm posted $0.24 EPS. equities research analysts expect that Infosys will post 1.05 earnings per share for the current year.
The company also recently declared a special dividend, which was paid on Thursday, June 28th. Investors of record on Friday, June 15th were paid a dividend of $0.1464 per share. This represents a yield of 3.22%. The ex-dividend date was Thursday, June 14th. Infosys’s dividend payout ratio (DPR) is 57.43%.
A number of institutional investors have recently added to or reduced their stakes in the stock. Edge Advisors LLC increased its stake in Infosys by 68.3% during the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock worth $119,000 after buying an additional 3,000 shares during the period. Wetherby Asset Management Inc. increased its stake in Infosys by 7.1% during the 1st quarter. Wetherby Asset Management Inc. now owns 46,939 shares of the technology company’s stock worth $837,000 after buying an additional 3,125 shares during the period. Equity Investment Corp increased its stake in Infosys by 11.9% during the 1st quarter. Equity Investment Corp now owns 32,435 shares of the technology company’s stock worth $579,000 after buying an additional 3,440 shares during the period. Signaturefd LLC increased its stake in Infosys by 28.7% during the 4th quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock worth $265,000 after buying an additional 3,652 shares during the period. Finally, Forward Management LLC increased its stake in Infosys by 1.3% during the 1st quarter. Forward Management LLC now owns 289,075 shares of the technology company’s stock worth $5,160,000 after buying an additional 3,661 shares during the period. 19.58% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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