Infosys Limited (NYSE:INFY) Receives Consensus Rating of “Buy” from Analysts

Infosys Limited (NYSE:INFYGet Rating) has been assigned a consensus recommendation of “Buy” from the eight research firms that are presently covering the stock, MarketBeat Ratings reports. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $26.75.

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their target price on Infosys to $23.00 in a research report on Wednesday, April 13th. Macquarie assumed coverage on Infosys in a research report on Monday, April 11th. They set an “outperform” rating for the company. BMO Capital Markets decreased their target price on Infosys from $28.00 to $25.00 and set a “market perform” rating for the company in a research report on Thursday, April 14th. Bank of America cut Infosys from a “buy” rating to a “neutral” rating and set a $24.50 price objective on the stock. in a report on Wednesday, February 23rd. Finally, StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Tuesday, April 26th.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Prospera Financial Services Inc bought a new stake in Infosys in the 1st quarter valued at approximately $26,000. Professional Financial Advisors LLC raised its stake in shares of Infosys by 160.1% during the 1st quarter. Professional Financial Advisors LLC now owns 1,056 shares of the technology company’s stock worth $26,000 after purchasing an additional 650 shares in the last quarter. JFS Wealth Advisors LLC bought a new stake in shares of Infosys during the 4th quarter worth approximately $27,000. Bellevue Group AG bought a new stake in shares of Infosys during the 4th quarter worth approximately $29,000. Finally, Spire Wealth Management raised its stake in shares of Infosys by 304.2% during the 4th quarter. Spire Wealth Management now owns 1,831 shares of the technology company’s stock worth $46,000 after purchasing an additional 1,378 shares in the last quarter. Hedge funds and other institutional investors own 15.42% of the company’s stock.

Infosys stock opened at $18.70 on Friday. Infosys has a 12-month low of $18.22 and a 12-month high of $26.39. The stock has a market cap of $78.37 billion, a price-to-earnings ratio of 26.71, a P/E/G ratio of 2.43 and a beta of 1.03. The business’s 50-day simple moving average is $21.93 and its 200 day simple moving average is $22.95.

Infosys (NYSE:INFYGet Rating) last posted its earnings results on Wednesday, April 13th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.01). The company had revenue of $4.28 billion for the quarter, compared to analyst estimates of $4.30 billion. Infosys had a return on equity of 30.72% and a net margin of 18.17%. During the same quarter in the previous year, the firm posted $0.16 earnings per share. Research analysts predict that Infosys will post 0.77 earnings per share for the current fiscal year.

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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Analyst Recommendations for Infosys (NYSE:INFY)

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