Shares of Infosys Ltd (NYSE:INFY) have been given a consensus recommendation of “Hold” by the sixteen brokerages that are covering the firm, MarketBeat.com reports. Five investment analysts have rated the stock with a sell recommendation, eight have given a hold recommendation and three have assigned a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $14.79.
Several research firms have recently issued reports on INFY. Deutsche Bank began coverage on Infosys in a report on Thursday, July 12th. They issued a “buy” rating for the company. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 target price on shares of Infosys in a report on Wednesday, October 17th. ValuEngine raised Infosys from a “sell” rating to a “hold” rating in a report on Tuesday, October 2nd. Morgan Stanley lowered Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. Finally, Cowen upped their target price on Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Monday, July 16th.
Hedge funds have recently added to or reduced their stakes in the company. Genesis Asset Managers LLP lifted its stake in Infosys by 19.3% in the third quarter. Genesis Asset Managers LLP now owns 11,462,657 shares of the technology company’s stock valued at $116,575,000 after purchasing an additional 1,857,986 shares during the last quarter. Mondrian Investment Partners LTD lifted its stake in Infosys by 43.5% in the third quarter. Mondrian Investment Partners LTD now owns 3,454,027 shares of the technology company’s stock valued at $35,127,000 after purchasing an additional 1,046,894 shares during the last quarter. Aperio Group LLC lifted its stake in Infosys by 54.0% in the second quarter. Aperio Group LLC now owns 2,139,510 shares of the technology company’s stock valued at $41,571,000 after purchasing an additional 749,865 shares during the last quarter. LGT Capital Partners LTD. lifted its stake in Infosys by 7.8% in the second quarter. LGT Capital Partners LTD. now owns 716,200 shares of the technology company’s stock valued at $13,916,000 after purchasing an additional 51,800 shares during the last quarter. Finally, CSat Investment Advisory L.P. purchased a new position in Infosys in the second quarter valued at approximately $1,738,000. 9.74% of the stock is owned by institutional investors.
INFY traded up $0.15 during midday trading on Monday, reaching $9.40. 9,240,100 shares of the company were exchanged, compared to its average volume of 11,691,475. The firm has a market capitalization of $40.20 billion, a P/E ratio of 18.80, a P/E/G ratio of 1.78 and a beta of 0.42. Infosys has a one year low of $7.16 and a one year high of $10.65.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. The firm had revenue of $2.92 billion during the quarter, compared to analyst estimates of $2.89 billion. Infosys had a return on equity of 24.56% and a net margin of 21.94%. During the same period in the previous year, the company posted $0.13 EPS. On average, analysts expect that Infosys will post 0.52 earnings per share for the current year.
The firm also recently announced a dividend, which was paid on Friday, October 26th. Stockholders of record on Friday, October 26th were issued a $0.085 dividend. The ex-dividend date of this dividend was Thursday, October 25th. Infosys’s dividend payout ratio is presently 34.00%.
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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