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

Shares of Infosys Limited (NYSE:INFYGet Free Report) have received a consensus rating of “Hold” from the eleven ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $19.27.

Several research firms have recently commented on INFY. Guggenheim began coverage on Infosys in a report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price target on the stock. HSBC reiterated a “hold” rating and set a $20.10 price target on shares of Infosys in a report on Friday, April 19th. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. BMO Capital Markets reduced their price target on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a report on Friday, April 19th. Finally, Susquehanna reduced their price target on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a report on Friday, April 19th.

Get Our Latest Stock Report on Infosys

Institutional Trading of Infosys

Institutional investors have recently modified their holdings of the company. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of Infosys during the third quarter valued at $302,000. Atria Wealth Solutions Inc. purchased a new stake in shares of Infosys during the third quarter valued at $199,000. Van ECK Associates Corp lifted its holdings in shares of Infosys by 37.6% during the third quarter. Van ECK Associates Corp now owns 199,003 shares of the technology company’s stock valued at $3,405,000 after purchasing an additional 54,425 shares during the last quarter. Vanguard Personalized Indexing Management LLC lifted its holdings in shares of Infosys by 5.5% during the third quarter. Vanguard Personalized Indexing Management LLC now owns 29,652 shares of the technology company’s stock valued at $507,000 after purchasing an additional 1,540 shares during the last quarter. Finally, Pathstone Family Office LLC lifted its holdings in shares of Infosys by 42.4% during the third quarter. Pathstone Family Office LLC now owns 40,874 shares of the technology company’s stock valued at $699,000 after purchasing an additional 12,177 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Price Performance

Shares of NYSE INFY opened at $18.01 on Friday. The firm’s 50 day simple moving average is $17.21 and its 200-day simple moving average is $18.37. Infosys has a 12 month low of $15.11 and a 12 month high of $20.74. The stock has a market capitalization of $74.56 billion, a price-to-earnings ratio of 23.70, a PEG ratio of 3.23 and a beta of 0.96.

Infosys (NYSE:INFYGet Free Report) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same quarter last year, the company earned $0.18 EPS. Analysts anticipate that Infosys will post 0.75 earnings per share for the current fiscal year.

Infosys Cuts Dividend

The firm also recently declared a semi-annual dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 31st were given a dividend of $0.2035 per share. The ex-dividend date of this dividend was Friday, May 31st. This represents a yield of 1.4%. Infosys’s dividend payout ratio (DPR) is presently 38.16%.

Infosys Company Profile

(Get Free Report

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.

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Analyst Recommendations for Infosys (NYSE:INFY)

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