Infosys (NYSE:INFY) Price Target Cut to $14.00 by Analysts at Susquehanna

Infosys (NYSE:INFYGet Free Report) had its price objective reduced by Susquehanna from $16.00 to $14.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has a “neutral” rating on the technology company’s stock. Susquehanna’s target price points to a potential upside of 10.59% from the stock’s previous close.

A number of other analysts have also commented on the company. Weiss Ratings reissued a “hold (c)” rating on shares of Infosys in a research note on Monday, December 29th. Stifel Nicolaus set a $15.00 price objective on shares of Infosys in a research report on Thursday. Jefferies Financial Group downgraded Infosys from a “buy” rating to a “hold” rating and set a $14.31 price target for the company. in a report on Monday, February 23rd. TD Cowen decreased their target price on Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a research note on Monday, April 6th. Finally, BMO Capital Markets raised their price target on shares of Infosys from $18.00 to $20.00 and gave the stock a “market perform” rating in a report on Thursday, January 15th. Six research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, Infosys presently has a consensus rating of “Reduce” and an average target price of $15.05.

Check Out Our Latest Research Report on Infosys

Infosys Stock Down 6.1%

Shares of NYSE INFY opened at $12.66 on Friday. The company’s fifty day moving average is $13.87 and its 200-day moving average is $16.23. The stock has a market cap of $51.21 billion, a price-to-earnings ratio of 16.81, a P/E/G ratio of 1.72 and a beta of 1.00. Infosys has a twelve month low of $12.52 and a twelve month high of $30.00.

Infosys (NYSE:INFYGet Free Report) last posted its quarterly earnings data on Thursday, April 23rd. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.20 by $0.03. The firm had revenue of $5.04 billion during the quarter, compared to the consensus estimate of $5.02 billion. Infosys had a net margin of 16.16% and a return on equity of 30.60%. On average, research analysts anticipate that Infosys will post 0.78 EPS for the current fiscal year.

Hedge Funds Weigh In On Infosys

Hedge funds have recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd purchased a new position in Infosys in the 1st quarter worth approximately $239,000. NewEdge Advisors LLC lifted its position in shares of Infosys by 79.9% during the 1st quarter. NewEdge Advisors LLC now owns 54,978 shares of the technology company’s stock valued at $1,003,000 after buying an additional 24,426 shares in the last quarter. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Infosys by 6.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock worth $1,153,000 after acquiring an additional 3,804 shares during the period. Institutional investors own 16.20% of the company’s stock.

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About Infosys

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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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

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