Brokerages Set Infosys Limited (NYSE:INFY) Price Target at $20.22

Infosys Limited (NYSE:INFY) has earned an average recommendation of “Hold” from the ten ratings firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, four have given a buy rating and one has given a strong buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $20.22.

Several brokerages recently issued reports on INFY. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday. Finally, BMO Capital Markets increased their price target on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a report on Friday, October 18th.

Infosys Trading Down 0.4 %

Infosys stock opened at $21.70 on Monday. The company has a market capitalization of $89.86 billion, a PE ratio of 27.46, a P/E/G ratio of 3.54 and a beta of 1.00. The stock has a 50-day moving average price of $22.49 and a two-hundred day moving average price of $22.22. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, analysts predict 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 and hedge funds have recently made changes to their positions in the stock. Calamos Wealth Management LLC boosted its holdings in Infosys by 1.4% in the fourth quarter. Calamos Wealth Management LLC now owns 81,468 shares of the technology company’s stock worth $1,786,000 after acquiring an additional 1,155 shares in the last quarter. abrdn plc lifted its holdings in shares of Infosys by 6.1% in the 4th quarter. abrdn plc now owns 340,764 shares of the technology company’s stock worth $7,475,000 after purchasing an additional 19,537 shares in the last quarter. U.S. Capital Wealth Advisors LLC acquired a new stake in Infosys in the 4th quarter valued at $246,000. Haven Global Partners LLC bought a new stake in Infosys during the 4th quarter valued at $4,078,000. Finally, Caprock Group LLC lifted its stake in shares of Infosys by 11.6% in the fourth quarter. Caprock Group LLC now owns 70,941 shares of the technology company’s stock valued at $1,555,000 after buying an additional 7,348 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

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.