Infosys Ltd. (NYSE:INFY) Receives $12.50 Consensus Target Price from Analysts

Infosys Ltd. (NYSE:INFYGet Free Report) has been given a consensus rating of “Reduce” by the nine analysts that are presently covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating and eight have assigned a hold rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $11.6311.

INFY has been the subject of a number of recent analyst reports. HSBC set a $11.47 price objective on Infosys in a research note on Friday. Susquehanna reduced their target price on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a research note on Friday. Stifel Nicolaus set a $13.00 target price on Infosys and gave the company a “hold” rating in a research note on Thursday, July 16th. Wells Fargo & Company set a $11.00 price target on shares of Infosys and gave the stock an “equal weight” rating in a research report on Friday, June 26th. Finally, JPMorgan Chase & Co. restated a “neutral” rating and issued a $10.90 price target (down from $12.70) on shares of Infosys in a research note on Friday.

Read Our Latest Stock Report on Infosys

Key Stories Impacting Infosys

Here are the key news stories impacting Infosys this week:

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the stock. Oldfield Partners LLP raised its stake in shares of Infosys by 41.3% in the 2nd quarter. Oldfield Partners LLP now owns 53,193 shares of the technology company’s stock valued at $558,000 after purchasing an additional 15,560 shares in the last quarter. E. Ohman J or Asset Management AB grew its stake in Infosys by 3.7% in the second quarter. E. Ohman J or Asset Management AB now owns 251,900 shares of the technology company’s stock worth $2,642,000 after purchasing an additional 9,000 shares in the last quarter. Foster Group Inc. bought a new stake in Infosys in the second quarter valued at about $127,000. Confluence Investment Management LLC increased its holdings in Infosys by 19.1% in the second quarter. Confluence Investment Management LLC now owns 17,636 shares of the technology company’s stock valued at $185,000 after buying an additional 2,826 shares during the last quarter. Finally, Glenmede Trust Co. NA increased its holdings in Infosys by 17.8% in the first quarter. Glenmede Trust Co. NA now owns 21,055 shares of the technology company’s stock valued at $284,000 after buying an additional 3,179 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Price Performance

Shares of Infosys stock opened at $11.13 on Friday. The business has a 50-day moving average of $11.62 and a 200-day moving average of $13.68. The company has a market capitalization of $45.03 billion, a PE ratio of 13.74, a P/E/G ratio of 2.57 and a beta of 0.90. Infosys has a 1-year low of $10.30 and a 1-year high of $30.00.

Infosys (NYSE:INFYGet Free Report) last announced its earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). Infosys had a return on equity of 33.91% and a net margin of 16.38%.The business had revenue of $4.99 billion for the quarter, compared to analysts’ expectations of $5.08 billion. On average, equities analysts expect that Infosys will post 0.81 earnings per share for the current fiscal year.

Infosys Company Profile

(Get Free Report)

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

Featured Stories

Analyst Recommendations for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.