Shares of Infosys Ltd (NYSE:INFY) have been assigned an average recommendation of “Buy” from the fourteen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, eight have given a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $11.00.
Several research firms have recently weighed in on INFY. Wedbush upgraded Infosys from a “neutral” rating to an “outperform” rating and increased their price target for the stock from $12.00 to $14.00 in a research note on Thursday, July 16th. Goldman Sachs Group upgraded Infosys from a “buy” rating to a “conviction-buy” rating in a research note on Monday, July 6th. ValuEngine downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Wednesday, July 8th. Nomura upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Thursday, July 16th. Finally, Nomura Instinet upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Thursday, July 16th.
Hedge funds and other institutional investors have recently modified their holdings of the business. RMR Wealth Builders bought a new position in Infosys in the 2nd quarter worth about $29,000. Capstone Financial Group Inc. bought a new position in Infosys in the 2nd quarter worth about $31,000. Balentine LLC bought a new position in Infosys in the 2nd quarter worth about $41,000. NuWave Investment Management LLC purchased a new stake in shares of Infosys in the 2nd quarter valued at about $58,000. Finally, Aigen Investment Management LP purchased a new stake in shares of Infosys in the 1st quarter valued at about $52,000. Institutional investors and hedge funds own 17.24% of the company’s stock.
NYSE:INFY traded down $0.09 during trading on Monday, reaching $13.67. The company’s stock had a trading volume of 7,740,704 shares, compared to its average volume of 12,012,394. The firm has a market cap of $57.98 billion, a price-to-earnings ratio of 24.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.83. The firm has a 50 day moving average of $13.01 and a 200-day moving average of $10.45. Infosys has a 12 month low of $6.76 and a 12 month high of $13.94.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Wednesday, July 15th. The technology company reported $0.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.12 by $0.01. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.96 billion. Infosys had a return on equity of 27.03% and a net margin of 18.35%. During the same quarter in the prior year, the company earned $0.13 EPS. Equities analysts forecast that Infosys will post 0.55 earnings per share for the current year.
Infosys Company Profile
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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