Susquehanna Cuts Infosys (NYSE:INFY) Price Target to $14.00

Infosys (NYSE:INFYGet Free Report) had its price target reduced by analysts at Susquehanna from $16.00 to $14.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a “neutral” rating on the technology company’s stock. Susquehanna’s price objective points to a potential upside of 10.59% from the company’s previous close.

INFY has been the topic of several other research reports. Stifel Nicolaus set a $15.00 price target on shares of Infosys in a research report on Thursday. BMO Capital Markets raised their target price on Infosys from $18.00 to $20.00 and gave the company a “market perform” rating in a research report on Thursday, January 15th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Infosys in a report on Monday, December 29th. TD Cowen dropped their price target on Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Finally, Jefferies Financial Group downgraded Infosys from a “buy” rating to a “hold” rating and set a $14.31 price objective on the stock. in a research report on Monday, February 23rd. Six equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Infosys currently has a consensus rating of “Reduce” and a consensus target price of $15.05.

View Our Latest Research Report on Infosys

Infosys Stock Performance

NYSE INFY opened at $12.66 on Friday. Infosys has a fifty-two week low of $12.52 and a fifty-two week high of $30.00. The business’s 50 day moving average price is $13.87 and its 200-day moving average price is $16.23. The company has a market cap of $51.21 billion, a P/E ratio of 16.81, a P/E/G ratio of 1.72 and a beta of 1.00.

Infosys (NYSE:INFYGet Free Report) last issued its quarterly earnings results on Thursday, April 23rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.20 by $0.03. Infosys had a return on equity of 30.60% and a net margin of 16.16%.The business had revenue of $5.04 billion for the quarter, compared to the consensus estimate of $5.02 billion. As a group, equities analysts predict that Infosys will post 0.78 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. NewEdge Advisors LLC increased its holdings in shares of Infosys by 79.9% in the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after purchasing an additional 24,426 shares in the last quarter. Dynamic Technology Lab Private Ltd acquired a new stake in Infosys during the 1st quarter worth approximately $239,000. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Infosys by 6.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after buying an additional 3,804 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys News Roundup

Here are the key news stories impacting Infosys this week:

About Infosys

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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.

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Analyst Recommendations for Infosys (NYSE:INFY)

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