Infosys Limited (NYSE:INFY) Given Average Recommendation of “Hold” by Brokerages

Infosys Limited (NYSE:INFY) has been assigned an average recommendation of “Hold” from the ten ratings firms that are covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month price target among brokerages that have updated their coverage on the stock in the last year is $20.22.

Several brokerages have commented on INFY. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, BMO Capital Markets lifted their price objective on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th.

Infosys Price Performance

NYSE:INFY opened at $21.70 on Monday. The company has a 50 day moving average price of $22.49 and a 200-day moving average price of $22.26. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The firm has a market cap of $89.86 billion, a price-to-earnings ratio of 27.46, a price-to-earnings-growth ratio of 3.54 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the company earned $0.18 earnings per share. On average, sell-side analysts anticipate that Infosys will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infosys

A number of institutional investors have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC acquired a new stake in shares of Infosys in the 3rd quarter worth $16,560,000. Nomura Asset Management Co. Ltd. increased its position in Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after purchasing an additional 123,083 shares during the last quarter. Barclays PLC raised its stake in Infosys by 11.8% during the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares during the period. BNP Paribas Financial Markets boosted its holdings in Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock valued at $135,235,000 after purchasing an additional 297,183 shares during the last quarter. Finally, DGS Capital Management LLC grew its stake in shares of Infosys by 15.9% in the 3rd quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock valued at $1,408,000 after buying an additional 8,692 shares during the period. 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.