Shares of Infosys Ltd (NYSE:INFY) have been given a consensus recommendation of “Buy” by the fourteen brokerages that are currently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, four have assigned a hold rating, eight have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year price objective among brokerages that have issued ratings on the stock in the last year is $11.00.
Several research firms recently issued reports on INFY. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a report on Tuesday, August 18th. Wedbush raised shares of Infosys from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $12.00 to $14.00 in a report on Thursday, July 16th. Nomura raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Thursday, July 16th. Goldman Sachs Group raised shares of Infosys from a “buy” rating to a “conviction-buy” rating in a report on Monday, July 6th. Finally, ValuEngine downgraded shares of Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, July 8th.
Large investors have recently added to or reduced their stakes in the stock. RMR Wealth Builders acquired a new position in shares of Infosys in the 2nd quarter valued at $29,000. Capstone Financial Group Inc. acquired a new position in shares of Infosys in the 2nd quarter valued at $31,000. Balentine LLC acquired a new position in shares of Infosys in the 2nd quarter valued at $41,000. NuWave Investment Management LLC acquired a new position in shares of Infosys in the 2nd quarter valued at $58,000. Finally, Aigen Investment Management LP acquired a new position in shares of Infosys in the 1st quarter valued at $52,000. Hedge funds and other institutional investors own 17.24% of the company’s stock.
INFY stock traded down $0.09 during trading hours on Monday, hitting $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 company has a market capitalization of $57.98 billion, a PE ratio of 24.85, a price-to-earnings-growth ratio of 2.42 and a beta of 0.83. Infosys has a 12 month low of $6.76 and a 12 month high of $13.94. The stock has a 50 day moving average price of $13.01 and a two-hundred day moving average price of $10.45.
Infosys (NYSE:INFY) last posted its earnings results on Wednesday, July 15th. The technology company reported $0.13 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.12 by $0.01. The company had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $2.96 billion. Infosys had a net margin of 18.35% and a return on equity of 27.03%. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, analysts predict that Infosys will post 0.55 earnings per share for the current 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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