Infosys Limited (NYSE:INFY) Receives Average Recommendation of “Hold” from Analysts

Shares of Infosys Limited (NYSE:INFYGet Rating) have been given a consensus recommendation of “Hold” by the eleven research firms that are presently covering the company, reports. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have given a buy rating to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $22.92.

A number of analysts have recently issued reports on INFY shares. Wedbush cut their price target on shares of Infosys from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Monday, July 25th. Susquehanna downgraded shares of Infosys from a “positive” rating to a “neutral” rating and cut their price target for the stock from $29.00 to $20.00 in a report on Friday, September 16th. cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Friday, September 2nd. JPMorgan Chase & Co. cut shares of Infosys from an “overweight” rating to a “neutral” rating in a research report on Monday, August 22nd. They noted that the move was a valuation call. Finally, Susquehanna Bancshares lowered shares of Infosys to a “neutral” rating and dropped their price objective for the company from $29.00 to $20.00 in a research note on Friday, September 16th.

Infosys Price Performance

Shares of NYSE INFY opened at $16.68 on Friday. The company has a 50 day simple moving average of $18.91 and a 200-day simple moving average of $20.06. The company has a market capitalization of $70.17 billion, a P/E ratio of 24.17, a P/E/G ratio of 2.36 and a beta of 0.97. Infosys has a 1 year low of $16.59 and a 1 year high of $26.39.

Infosys (NYSE:INFYGet Rating) last announced its quarterly earnings results on Sunday, July 24th. The technology company reported $0.16 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.02). The firm had revenue of $4.44 billion for the quarter, compared to analyst estimates of $4.38 billion. Infosys had a return on equity of 30.83% and a net margin of 17.37%. As a group, research analysts expect that Infosys will post 0.72 EPS for the current year.

Infosys Increases Dividend

The company also recently announced a Semi-Annual dividend, which was paid on Thursday, June 30th. Stockholders of record on Wednesday, June 1st were issued a $0.171 dividend. This is an increase from Infosys’s previous Semi-Annual dividend of $0.14. The ex-dividend date of this dividend was Tuesday, May 31st. Infosys’s payout ratio is presently 49.28%.

Institutional Trading of Infosys

Several hedge funds and other institutional investors have recently made changes to their positions in INFY. Professional Financial Advisors LLC boosted its holdings in shares of Infosys by 160.1% in the first quarter. Professional Financial Advisors LLC now owns 1,056 shares of the technology company’s stock valued at $26,000 after acquiring an additional 650 shares in the last quarter. Prospera Financial Services Inc purchased a new stake in Infosys during the first quarter worth about $26,000. Schubert & Co purchased a new stake in Infosys during the second quarter worth about $31,000. EverSource Wealth Advisors LLC purchased a new stake in Infosys during the fourth quarter worth about $50,000. Finally, Western Pacific Wealth Management LP purchased a new stake in Infosys during the fourth quarter worth about $52,000. Hedge funds and other institutional investors own 13.01% of the company’s stock.

About Infosys

(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.

See Also

Analyst Recommendations for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with's FREE daily email newsletter.