Infosys (NYSE:INFY) Sets New 12-Month Low – Time to Sell?

Infosys Ltd. (NYSE:INFY) hit a new 52-week low during trading on Tuesday . The stock traded as low as $10.39 and last traded at $10.4450, with a volume of 911414 shares. The stock had previously closed at $10.70.

Analysts Set New Price Targets

A number of research firms recently weighed in on INFY. Susquehanna dropped their price target on Infosys from $16.00 to $14.00 and set a “neutral” rating on the stock in a research note on Friday, April 24th. Weiss Ratings reissued a “hold (c-)” rating on shares of Infosys in a research report on Monday, June 8th. Stifel Nicolaus set a $15.00 target price on shares of Infosys in a research note on Thursday, April 23rd. BMO Capital Markets cut their target price on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, April 24th. Finally, TD Cowen reduced their target price on shares of Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a report on Monday, April 6th. One equities research analyst has rated the stock with a Buy rating, seven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $13.63.

Infosys Price Performance

The stock’s 50-day moving average price is $12.10 and its 200-day moving average price is $14.55. The company has a market cap of $43.20 billion, a P/E ratio of 13.34, a PEG ratio of 1.37 and a beta of 0.91.

Infosys (NYSE:INFY) last released its quarterly earnings results on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. The business had revenue of $5.04 billion for the quarter. As a group, analysts expect that Infosys Ltd. will post 0.83 EPS for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the business. V Square Quantitative Management LLC bought a new position in Infosys during the 1st quarter worth $97,000. State of Wyoming bought a new stake in shares of Infosys during the 1st quarter valued at $134,000. Aureus Asset Management LLC acquired a new stake in shares of Infosys during the 1st quarter worth $142,000. Able Wealth Management LLC acquired a new stake in shares of Infosys during the 1st quarter worth $163,000. Finally, Dickmeyer Boyce Financial Management Inc. bought a new position in shares of Infosys in the first quarter worth $173,000. 16.20% of the stock is owned by institutional investors.

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. 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.