Infosys Ltd. (NYSE:INFY) Receives $11.59 Consensus Price Target from Brokerages

Shares of Infosys Ltd. (NYSE:INFY) have received a consensus rating of “Reduce” from the ten research firms that are covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $11.5850.

A number of equities analysts have weighed in on INFY shares. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $10.90 target price (down from $12.70) on shares of Infosys in a research report on Friday, July 24th. Stifel Nicolaus set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a report on Thursday, July 16th. Wells Fargo & Company set a $11.00 price target on shares of Infosys and gave the stock an “equal weight” rating in a research note on Friday, June 26th. BMO Capital Markets reissued a “market perform” rating and set a $12.00 price objective (down from $13.00) on shares of Infosys in a report on Friday, July 24th. Finally, CLSA cut shares of Infosys from an “outperform” rating to a “hold” rating in a report on Wednesday, August 19th.

Hedge Funds Weigh In On Infosys

A number of institutional investors and hedge funds have recently modified their holdings of the company. V Square Quantitative Management LLC bought a new stake in Infosys during the first quarter valued at approximately $97,000. TD Waterhouse Canada Inc. increased its holdings in Infosys by 14.2% during the second quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock valued at $97,000 after buying an additional 1,131 shares during the last quarter. Concurrent Investment Advisors LLC bought a new position in Infosys in the second quarter worth approximately $115,000. Laidlaw Wealth Management LLC bought a new position in Infosys in the second quarter worth approximately $117,000. Finally, Angeles Wealth Management LLC purchased a new position in shares of Infosys during the 2nd quarter worth $125,000. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Infosys Stock Up 4.7%

Shares of NYSE INFY opened at $11.59 on Friday. Infosys has a twelve month low of $10.30 and a twelve month high of $30.00. The firm has a market cap of $46.94 billion, a P/E ratio of 14.31, a PEG ratio of 2.58 and a beta of 0.87. The company has a 50 day moving average of $11.74 and a 200 day moving average of $12.41.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.20 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.01). The business had revenue of $4.99 billion during the quarter, compared to the consensus estimate of $5.08 billion. Infosys had a net margin of 16.38% and a return on equity of 33.91%. As a group, equities analysts expect that Infosys will post 0.81 earnings per share for the current fiscal 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. 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.