Shares of Infosys Ltd (NYSE:INFY) have earned a consensus rating of “Hold” from the seventeen research firms that are currently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation and fifteen have issued a hold recommendation on the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $11.29.
Several analysts have recently weighed in on the stock. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $12.00 target price on the stock in a report on Tuesday, March 19th. Morgan Stanley downgraded shares of Infosys from an “overweight” rating to an “equal weight” rating and set a $10.62 target price on the stock. in a report on Monday, April 15th. Deutsche Bank downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Investec downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday, April 15th. Finally, HSBC downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd.
NYSE INFY opened at $10.62 on Tuesday. The firm has a market capitalization of $46.94 billion, a price-to-earnings ratio of 19.67, a price-to-earnings-growth ratio of 2.08 and a beta of 0.53. Infosys has a one year low of $8.85 and a one year high of $11.38.
Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, April 12th. The technology company reported $0.13 EPS for the quarter, meeting analysts’ consensus estimates of $0.13. The company had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same period in the previous year, the business posted $0.13 earnings per share. Equities research analysts anticipate that Infosys will post 0.55 EPS for the current year.
The business also recently disclosed a dividend, which will be paid on Friday, June 14th. Investors of record on Friday, June 14th will be issued a dividend of $0.14 per share. The ex-dividend date is Thursday, June 13th. This is an increase from Infosys’s previous dividend of $0.05. Infosys’s payout ratio is currently 31.48%.
Hedge funds have recently added to or reduced their stakes in the stock. Next Capital Management LLC acquired a new position in Infosys during the first quarter worth about $26,000. Financial Gravity Wealth Inc. acquired a new position in Infosys during the first quarter worth about $27,000. Asahi Life Asset Management CO. LTD. acquired a new position in Infosys during the first quarter worth about $31,000. American Beacon Advisors Inc. raised its position in Infosys by 56.2% during the first quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock worth $34,000 after acquiring an additional 1,129 shares during the last quarter. Finally, Rational Advisors LLC raised its position in Infosys by 50.0% during the first quarter. Rational Advisors LLC now owns 3,662 shares of the technology company’s stock worth $40,000 after acquiring an additional 1,221 shares during the last quarter. 17.80% of the stock is currently owned by hedge funds and other institutional investors.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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