BMO Capital Markets Reaffirms Hold Rating for Infosys (INFY)

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BMO Capital Markets reissued their hold rating on shares of Infosys (NYSE:INFY) in a research note released on Wednesday. They currently have a $11.00 target price on the technology company’s stock.

INFY has been the topic of a number of other reports. ValuEngine raised shares of Infosys from a hold rating to a buy rating in a research report on Wednesday, June 27th. Deutsche Bank assumed coverage on shares of Infosys in a research report on Thursday, July 12th. They set a buy rating on the stock. Zacks Investment Research cut shares of Infosys from a hold rating to a sell rating in a research report on Thursday, June 21st. Cantor Fitzgerald boosted their target price on shares of Infosys from $16.00 to $19.00 and gave the stock a neutral rating in a research report on Monday, July 16th. Finally, Goldman Sachs Group cut shares of Infosys from a buy rating to a neutral rating and set a $11.00 target price on the stock. in a research report on Wednesday. Five analysts have rated the stock with a sell rating, ten have issued a hold rating and three have issued a buy rating to the stock. The stock currently has an average rating of Hold and a consensus price target of $15.26.

Shares of NYSE INFY traded up $0.04 during trading on Wednesday, reaching $9.58. 8,651,938 shares of the stock were exchanged, compared to its average volume of 13,189,830. Infosys has a twelve month low of $7.07 and a twelve month high of $10.65. The stock has a market cap of $41.46 billion, a P/E ratio of 19.16, a PEG ratio of 1.83 and a beta of 0.41.

Infosys (NYSE:INFY) last posted its earnings results on Tuesday, October 16th. The technology company reported $0.13 EPS for the quarter, hitting analysts’ consensus estimates of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The business had revenue of $2.92 billion for the quarter, compared to analysts’ expectations of $2.89 billion. During the same period in the previous year, the company posted $0.13 earnings per share. On average, equities analysts forecast that Infosys will post 0.52 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the stock. Naples Global Advisors LLC increased its stake in Infosys by 2.7% during the second quarter. Naples Global Advisors LLC now owns 96,260 shares of the technology company’s stock valued at $1,870,000 after purchasing an additional 2,525 shares during the last quarter. OLD National Bancorp IN increased its stake in Infosys by 22.3% during the second quarter. OLD National Bancorp IN now owns 14,646 shares of the technology company’s stock valued at $285,000 after purchasing an additional 2,671 shares during the last quarter. Benjamin F. Edwards & Company Inc. increased its stake in Infosys by 269.3% during the second quarter. Benjamin F. Edwards & Company Inc. now owns 5,540 shares of the technology company’s stock valued at $108,000 after purchasing an additional 4,040 shares during the last quarter. Baldwin Investment Management LLC increased its stake in Infosys by 11.9% during the second quarter. Baldwin Investment Management LLC now owns 41,431 shares of the technology company’s stock valued at $805,000 after purchasing an additional 4,400 shares during the last quarter. Finally, Mitsubishi UFJ Kokusai Asset Management Co. Ltd. increased its stake in Infosys by 70.9% during the second quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 11,277 shares of the technology company’s stock valued at $219,000 after purchasing an additional 4,680 shares during the last quarter. Institutional investors and hedge funds own 8.83% of the company’s stock.

About Infosys

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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Analyst Recommendations for Infosys (NYSE:INFY)

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