Infosys Limited (NYSE:INFY) Receives $20.22 Average Price Target from Brokerages

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

A number of equities analysts have recently commented on the stock. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Guggenheim restated a “neutral” rating on shares of Infosys in a research 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. 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

A number of institutional investors have recently made changes to their positions in INFY. SG Americas Securities LLC bought a new position in Infosys in the 4th quarter worth $311,000. International Assets Investment Management LLC bought a new position in shares of Infosys in the third quarter worth about $16,560,000. Haven Global Partners LLC purchased a new position in shares of Infosys during the 4th quarter valued at about $4,078,000. Nomura Asset Management Co. Ltd. increased its holdings in Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after acquiring an additional 123,083 shares in the last quarter. Finally, Barclays PLC raised its stake in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after acquiring an additional 266,902 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Price Performance

INFY opened at $21.42 on Friday. The firm has a market capitalization of $88.70 billion, a P/E ratio of 27.11, a PEG ratio of 3.64 and a beta of 1.00. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The company’s 50-day moving average is $22.30 and its 200 day moving average is $22.31.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm earned $0.18 earnings per share. On average, equities research analysts expect that Infosys will post 0.74 earnings per share for the current year.

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.