Infosys (NYSE:INFY)‘s stock had its “buy” rating reissued by analysts at Jefferies Group in a research report issued to clients and investors on Sunday. They presently have a $20.30 target price on the technology company’s stock. Jefferies Group’s price target suggests a potential upside of 19.48% from the stock’s current price.

INFY has been the topic of a number of other research reports. Cantor Fitzgerald restated a “hold” rating and issued a $14.00 target price on shares of Infosys in a research report on Sunday, January 7th. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $18.00 target price on the stock in a research report on Tuesday, December 26th. UBS upgraded Infosys from a “neutral” rating to a “buy” rating in a research report on Monday, January 22nd. Goldman Sachs upgraded Infosys from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Finally, Berenberg Bank began coverage on Infosys in a research report on Friday, April 6th. They issued a “sell” rating and a $14.00 target price on the stock. Three investment analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $16.35.

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NYSE:INFY opened at $16.99 on Friday. Infosys has a 52 week low of $13.88 and a 52 week high of $18.71. The firm has a market capitalization of $36,117.64, a price-to-earnings ratio of 16.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.57.

Infosys (NYSE:INFY) last posted its earnings results on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, beating the Zacks’ consensus estimate of $0.25 by $0.01. Infosys had a return on equity of 21.69% and a net margin of 22.73%. The company had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same quarter in the previous year, the business earned $0.24 earnings per share. equities research analysts expect that Infosys will post 1.06 EPS for the current fiscal year.

Hedge funds have recently bought and sold shares of the stock. Edge Advisors LLC raised its holdings in shares of Infosys by 68.3% in the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock valued at $119,000 after buying an additional 3,000 shares during the period. Cullen Capital Management LLC purchased a new stake in shares of Infosys in the 4th quarter valued at $228,000. Foster & Motley Inc. raised its holdings in shares of Infosys by 28.2% in the 4th quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock valued at $237,000 after buying an additional 3,221 shares during the period. Signaturefd LLC raised its holdings in shares of Infosys by 28.7% in the 4th quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock valued at $265,000 after buying an additional 3,652 shares during the period. Finally, Quantitative Systematic Strategies LLC purchased a new stake in shares of Infosys in the 4th quarter valued at $271,000. Hedge funds and other institutional investors own 19.51% of the company’s stock.

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Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

Analyst Recommendations for Infosys (NYSE:INFY)

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