Infosys Ltd. (NYSE:INFY – Get Free Report) has received a consensus rating of “Reduce” from the ten analysts that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating and nine have given a hold rating to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $11.5850.
A number of research firms recently weighed in on INFY. Susquehanna lowered their price target on shares of Infosys from $12.00 to $11.00 and set a “neutral” rating on the stock in a research report on Friday, July 24th. BMO Capital Markets reiterated a “market perform” rating and set a $12.00 price target (down from $13.00) on shares of Infosys in a report on Friday, July 24th. TD Cowen reaffirmed a “hold” rating and set a $9.00 price objective (down from $10.00) on shares of Infosys in a research report on Friday, July 24th. CLSA downgraded Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Stifel Nicolaus set a $13.00 price target on shares of Infosys and gave the stock a “hold” rating in a research note on Thursday, July 16th.
Read Our Latest Analysis on INFY
Infosys Stock Down 2.2%
Infosys (NYSE:INFY – Get Free Report) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $4.99 billion for the quarter, compared to analysts’ expectations of $5.08 billion. Infosys had a return on equity of 33.91% and a net margin of 16.38%. On average, research analysts forecast that Infosys will post 0.81 EPS for the current year.
Hedge Funds Weigh In On Infosys
Several large investors have recently bought and sold shares of INFY. Sequoia Financial Advisors LLC increased its holdings in shares of Infosys by 32.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 109,291 shares of the technology company’s stock valued at $1,146,000 after acquiring an additional 26,984 shares during the last quarter. Tidal Investments LLC increased its holdings in shares of Infosys by 106.3% in the 2nd quarter. Tidal Investments LLC now owns 125,298 shares of the technology company’s stock valued at $1,314,000 after acquiring an additional 64,563 shares during the period. WINTON GROUP Ltd purchased a new stake in shares of Infosys in the second quarter valued at about $1,907,000. Engineers Gate Manager LP raised its stake in Infosys by 98.7% during the 2nd quarter. Engineers Gate Manager LP now owns 381,772 shares of the technology company’s stock valued at $4,005,000 after acquiring an additional 189,631 shares during the last quarter. Finally, Nykredit A S purchased a new stake in shares of Infosys during the second quarter worth approximately $9,307,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.
Infosys Company Profile
Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.
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