Infosys Limited (NYSE:INFY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Infosys Limited (NYSE:INFY) have been given an average recommendation of “Hold” by the ten research firms that are presently covering the company, MarketBeat Ratings reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $20.22.

A number of equities analysts recently commented on INFY shares. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th.

Institutional Investors Weigh In On Infosys

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Infosys in the fourth quarter worth $29,000. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys in the third quarter worth $33,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys in the third quarter worth $57,000. Finally, Farther Finance Advisors LLC grew its stake in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Stock Performance

Shares of INFY stock opened at $21.35 on Friday. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a 50 day moving average price of $22.18 and a two-hundred day moving average price of $22.29. The company has a market capitalization of $88.41 billion, a P/E ratio of 27.02, a PEG ratio of 3.51 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm earned $0.18 earnings per share. As a group, equities analysts predict that Infosys will post 0.74 earnings per share for the current year.

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.