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

Shares of Infosys Limited (NYSE:INFY) have earned a consensus rating of “Hold” from the ten brokerages that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.78.

A number of equities research analysts have recently commented on INFY shares. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note 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 downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday, March 10th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. 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 large investors have recently made changes to their positions in the company. First Trust Advisors LP grew its stake in shares of Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after purchasing an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. lifted its position in shares of Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after buying an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC lifted its position in shares of Infosys by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock valued at $318,221,000 after buying an additional 102,341 shares in the last quarter. Franklin Resources Inc. lifted its position in shares of Infosys by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company’s stock valued at $252,114,000 after buying an additional 229,482 shares in the last quarter. Finally, AQR Capital Management LLC lifted its position in shares of Infosys by 270.9% during the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock valued at $200,877,000 after buying an additional 6,693,127 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Trading Up 1.0 %

INFY opened at $18.59 on Tuesday. The stock has a fifty day simple moving average of $21.16 and a two-hundred day simple moving average of $22.03. The company has a market cap of $76.98 billion, a price-to-earnings ratio of 23.53, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys has a 12-month low of $16.04 and a 12-month high of $23.81.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 period in the previous year, the company earned $0.18 EPS. On average, analysts predict that Infosys will post 0.74 EPS 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.