Infosys (NYSE:INFY) Coverage Initiated at Macquarie

Macquarie initiated coverage on shares of Infosys (NYSE:INFYGet Rating) in a research report sent to investors on Monday, The Fly reports. The firm issued an outperform rating on the technology company’s stock.

INFY has been the topic of a number of other reports. Susquehanna upgraded shares of Infosys from a neutral rating to a positive rating and boosted their target price for the stock from $22.00 to $29.00 in a report on Monday, January 10th. Wedbush lifted their price target on shares of Infosys from $25.00 to $30.00 in a research note on Wednesday, January 12th. Susquehanna Bancshares raised shares of Infosys from a neutral rating to a positive rating and lifted their price target for the stock from $22.00 to $29.00 in a research note on Monday, January 10th. Bank of America cut shares of Infosys from a buy rating to a neutral rating and set a $24.50 price target for the company. in a research note on Wednesday, February 23rd. Finally, StockNews.com started coverage on shares of Infosys in a research note on Thursday, March 31st. They set a buy rating for the company. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Infosys has an average rating of Hold and a consensus target price of $25.36.

Shares of Infosys stock opened at $23.05 on Monday. The company’s fifty day simple moving average is $23.57 and its 200-day simple moving average is $23.49. The stock has a market capitalization of $96.61 billion, a PE ratio of 33.90, a P/E/G ratio of 2.96 and a beta of 0.93. Infosys has a 1-year low of $17.24 and a 1-year high of $26.39.

Infosys (NYSE:INFYGet Rating) last issued its quarterly earnings results on Tuesday, January 11th. The technology company reported $0.18 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.18. The business had revenue of $4.25 billion for the quarter, compared to analysts’ expectations of $4.08 billion. Infosys had a net margin of 18.59% and a return on equity of 29.75%. During the same quarter last year, the company posted $0.17 EPS. On average, equities research analysts expect that Infosys will post 0.71 EPS for the current fiscal year.

A number of institutional investors have recently added to or reduced their stakes in the business. Ballentine Partners LLC lifted its position in shares of Infosys by 2.7% in the 3rd quarter. Ballentine Partners LLC now owns 17,071 shares of the technology company’s stock worth $380,000 after purchasing an additional 449 shares during the period. Hussman Strategic Advisors Inc. lifted its position in shares of Infosys by 0.6% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 78,000 shares of the technology company’s stock worth $1,974,000 after purchasing an additional 500 shares during the period. Stokes Family Office LLC lifted its position in shares of Infosys by 2.6% in the 3rd quarter. Stokes Family Office LLC now owns 23,934 shares of the technology company’s stock worth $533,000 after purchasing an additional 599 shares during the period. Advisory Services Network LLC lifted its position in shares of Infosys by 4.6% in the 3rd quarter. Advisory Services Network LLC now owns 15,813 shares of the technology company’s stock worth $352,000 after purchasing an additional 692 shares during the period. Finally, Orion Portfolio Solutions LLC lifted its position in shares of Infosys by 5.7% in the 4th quarter. Orion Portfolio Solutions LLC now owns 13,360 shares of the technology company’s stock worth $338,000 after purchasing an additional 721 shares during the period. 15.54% of the stock is owned by institutional investors.

Infosys Company Profile (Get Rating)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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