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

Shares of Infosys Limited (NYSE:INFY) have been given a consensus rating of “Hold” by the twelve analysts that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, five have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year price objective among analysts that have issued ratings on the stock in the last year is $19.27.

INFY has been the subject of a number of research analyst reports. BMO Capital Markets cut their target price on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday, April 19th. HSBC reiterated a “hold” rating and issued a $20.10 target price on shares of Infosys in a research report on Friday, April 19th. Macquarie upgraded shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Saturday, July 27th. Finally, Susquehanna cut their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, April 19th.

Infosys Stock Performance

Infosys stock opened at $21.77 on Monday. The company has a 50 day moving average price of $19.29 and a 200 day moving average price of $18.83. Infosys has a 52 week low of $16.04 and a 52 week high of $22.94. The firm has a market capitalization of $90.13 billion, a price-to-earnings ratio of 28.64, a P/E/G ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, July 18th. The technology company reported $0.18 EPS for the quarter, hitting analysts’ consensus estimates of $0.18. Infosys had a net margin of 17.18% and a return on equity of 32.01%. The firm had revenue of $4.71 billion during the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the business posted $0.17 EPS. Equities analysts forecast that Infosys will post 0.75 earnings per share for the current fiscal year.

Infosys Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were issued a $0.2035 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a yield of 1.4%. Infosys’s dividend payout ratio (DPR) is presently 38.16%.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. Buckingham Capital Management Inc. raised its holdings in Infosys by 0.6% in the 4th quarter. Buckingham Capital Management Inc. now owns 87,324 shares of the technology company’s stock worth $1,605,000 after acquiring an additional 499 shares during the period. GAMMA Investing LLC grew its position in Infosys by 22.6% in the 2nd quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock worth $55,000 after purchasing an additional 541 shares during the last quarter. Somerset Trust Co grew its position in Infosys by 4.2% in the 2nd quarter. Somerset Trust Co now owns 15,140 shares of the technology company’s stock worth $282,000 after purchasing an additional 611 shares during the last quarter. Drive Wealth Management LLC grew its position in Infosys by 6.1% in the 4th quarter. Drive Wealth Management LLC now owns 12,354 shares of the technology company’s stock worth $227,000 after purchasing an additional 707 shares during the last quarter. Finally, Seed Wealth Management Inc. grew its position in Infosys by 5.6% in the 2nd quarter. Seed Wealth Management Inc. now owns 18,260 shares of the technology company’s stock worth $340,000 after purchasing an additional 970 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.