Infosys (NYSE:INFY) Price Target Lowered to $12.00 at Susquehanna

Infosys (NYSE:INFY) had its price target reduced by stock analysts at Susquehanna from $14.00 to $12.00 in a report issued on Friday,Benzinga reports. The brokerage currently has a “neutral” rating on the technology company’s stock. Susquehanna’s price objective would suggest a potential upside of 7.92% from the company’s current price.

A number of other equities analysts also recently issued reports on the stock. Stifel Nicolaus set a $15.00 price target on shares of Infosys in a report on Thursday, April 23rd. Wells Fargo & Company set a $11.00 price objective on shares of Infosys and gave the stock an “equal weight” rating in a report on Friday, June 26th. BMO Capital Markets lowered their target price on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. TD Cowen dropped their target price on shares of Infosys from $13.00 to $10.00 and set a “hold” rating for the company in a report on Thursday. Finally, Weiss Ratings reaffirmed a “hold (c-)” rating on shares of Infosys in a report on Monday, June 8th. One research analyst has rated the stock with a Buy rating, seven have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $12.75.

Infosys Price Performance

Shares of INFY stock opened at $11.12 on Friday. The business’s fifty day moving average price is $11.87 and its 200 day moving average price is $14.24. The firm has a market capitalization of $45.00 billion, a PE ratio of 13.90, a P/E/G ratio of 1.42 and a beta of 0.90. Infosys has a 1-year low of $10.34 and a 1-year high of $30.00.

Infosys (NYSE:INFY) last released its earnings results on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. The company had revenue of $5.04 billion during the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%. Equities research analysts expect that Infosys will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infosys

Several institutional investors and hedge funds have recently modified their holdings of INFY. Trinity Street Asset Management LLP grew its position in shares of Infosys by 45.5% in the first quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock valued at $201,820,000 after purchasing an additional 4,674,742 shares during the period. Hudson Edge Investment Partners Inc. boosted its stake in Infosys by 56.5% in the 1st quarter. Hudson Edge Investment Partners Inc. now owns 4,452,990 shares of the technology company’s stock worth $60,160,000 after buying an additional 1,607,300 shares during the last quarter. ABN Amro Investment Solutions boosted its stake in Infosys by 94.2% in the 1st quarter. ABN Amro Investment Solutions now owns 997,028 shares of the technology company’s stock worth $13,470,000 after buying an additional 483,700 shares during the last quarter. XY Capital Ltd purchased a new stake in Infosys in the 1st quarter valued at about $4,319,000. Finally, Boston Common Asset Management LLC increased its stake in shares of Infosys by 1.1% during the 1st quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock valued at $2,819,000 after acquiring an additional 2,300 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Company Profile

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.