Infosys Limited (NYSE:INFY) Receives $19.27 Consensus Target Price from Brokerages

Shares of Infosys Limited (NYSE:INFY) have received an average recommendation of “Hold” from the eleven brokerages that are covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and six have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $19.27.

Several research analysts recently issued reports on INFY shares. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Saturday.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of INFY. Mercer Global Advisors Inc. ADV raised its holdings in shares of Infosys by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after purchasing an additional 505 shares during the period. GAMMA Investing LLC raised its stake in shares of Infosys by 22.6% in the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after buying an additional 541 shares during the period. D Orazio & Associates Inc. lifted its position in shares of Infosys by 4.1% during the 2nd quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock valued at $274,000 after buying an additional 584 shares during the last quarter. Somerset Trust Co grew its stake in shares of Infosys by 4.2% during the 2nd quarter. Somerset Trust Co now owns 15,140 shares of the technology company’s stock worth $282,000 after acquiring an additional 611 shares during the period. Finally, Seed Wealth Management Inc. increased its holdings in Infosys by 5.6% in the 2nd quarter. Seed Wealth Management Inc. now owns 18,260 shares of the technology company’s stock worth $340,000 after acquiring an additional 970 shares during the last quarter. 10.89% of the stock is owned by institutional investors.

Infosys Trading Down 0.7 %

INFY opened at $22.69 on Tuesday. Infosys has a 1-year low of $16.04 and a 1-year high of $23.48. The company has a market cap of $93.94 billion, a price-to-earnings ratio of 29.86, a PEG ratio of 3.63 and a beta of 0.99. The company’s fifty day moving average price is $22.28 and its two-hundred day moving average price is $19.43.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. The company had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.67 billion. Infosys had a net margin of 17.18% and a return on equity of 32.01%. During the same quarter in the prior year, the business posted $0.17 EPS. As a group, equities analysts forecast that Infosys will post 0.75 earnings per share for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.