Infosys Limited (NYSE:INFY) Receives $20.85 Consensus PT from Brokerages

Shares of Infosys Limited (NYSE:INFY) have earned an average recommendation of “Moderate Buy” from the thirteen brokerages that are presently covering the company, Marketbeat Ratings reports. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. The average 1 year price target among brokerages that have issued a report on the stock in the last year is $20.85.

INFY has been the topic of several research analyst reports. BMO Capital Markets raised their price objective on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

Institutional Trading of Infosys

A number of large investors have recently bought and sold shares of the stock. Bank of New York Mellon Corp boosted its stake in shares of Infosys by 10.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 6,248,026 shares of the technology company’s stock valued at $116,338,000 after purchasing an additional 570,435 shares in the last quarter. Financial Advocates Investment Management lifted its holdings in Infosys by 77.7% during the 2nd quarter. Financial Advocates Investment Management now owns 21,312 shares of the technology company’s stock valued at $397,000 after purchasing an additional 9,322 shares during the last quarter. Whittier Trust Co. boosted its position in Infosys by 10.2% in the second quarter. Whittier Trust Co. now owns 20,695 shares of the technology company’s stock valued at $385,000 after buying an additional 1,918 shares in the last quarter. Whittier Trust Co. of Nevada Inc. grew its stake in Infosys by 126.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after buying an additional 1,693 shares during the last quarter. Finally, Panagora Asset Management Inc. increased its holdings in shares of Infosys by 52.5% during the second quarter. Panagora Asset Management Inc. now owns 1,010,512 shares of the technology company’s stock worth $18,816,000 after buying an additional 348,018 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Price Performance

Infosys stock opened at $22.10 on Thursday. The firm has a market cap of $91.54 billion, a price-to-earnings ratio of 28.33, a P/E/G ratio of 3.77 and a beta of 1.00. The firm has a fifty day moving average price of $22.28 and a two-hundred day moving average price of $21.81. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, sell-side analysts expect that Infosys will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were given a dividend of $0.2126 per share. This represents a dividend yield of 1.1%. The ex-dividend date was Tuesday, October 29th. This is an increase from Infosys’s previous semi-annual dividend of $0.20. Infosys’s dividend payout ratio (DPR) is 53.85%.

About Infosys

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.