Infosys (NYSE:INFY) Given New $25.00 Price Target at BMO Capital Markets

Infosys (NYSE:INFY) had its price objective boosted by BMO Capital Markets from $23.00 to $25.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the technology company’s stock. BMO Capital Markets’ target price would suggest a potential upside of 11.96% from the company’s current price.

Several other equities research analysts have also issued reports on the stock. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, September 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $20.85.

Infosys Stock Performance

Shares of INFY traded down $0.33 during trading hours on Friday, reaching $22.33. 2,733,714 shares of the company traded hands, compared to its average volume of 9,317,598. The stock’s fifty day moving average is $22.65 and its 200 day moving average is $19.93. Infosys has a 1-year low of $16.04 and a 1-year high of $23.48. The stock has a market cap of $92.45 billion, a P/E ratio of 29.38, a price-to-earnings-growth ratio of 3.68 and a beta of 0.99.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The firm had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities research analysts predict that Infosys will post 0.75 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Baader Bank Aktiengesellschaft acquired a new stake in Infosys during the 2nd quarter valued at $529,000. BNP Paribas bought a new position in shares of Infosys in the first quarter valued at about $1,169,000. Capstone Investment Advisors LLC acquired a new position in Infosys during the 1st quarter worth about $862,000. Allspring Global Investments Holdings LLC grew its holdings in Infosys by 6.5% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,857,531 shares of the technology company’s stock worth $33,306,000 after acquiring an additional 112,790 shares during the last quarter. Finally, US Bancorp DE increased its position in Infosys by 36.5% in the 1st quarter. US Bancorp DE now owns 188,338 shares of the technology company’s stock valued at $3,377,000 after acquiring an additional 50,399 shares in the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

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.