Infosys Ltd. (NYSE:INFY – Get Free Report) hit a new 52-week low during mid-day trading on Tuesday . The stock traded as low as $12.02 and last traded at $12.0750, with a volume of 599749 shares trading hands. The stock had previously closed at $12.30.
Wall Street Analyst Weigh In
INFY has been the topic of several recent research reports. TD Cowen cut their price target on Infosys from $16.00 to $15.00 and set a “hold” rating on the stock in a report on Monday, April 6th. Stifel Nicolaus set a $15.00 price objective on Infosys in a research report on Thursday, April 23rd. Jefferies Financial Group lowered shares of Infosys from a “buy” rating to a “hold” rating and set a $14.31 target price on the stock. in a research note on Monday, February 23rd. BMO Capital Markets decreased their price target on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research note on Friday, April 24th. Finally, Susquehanna lowered their price target on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a report on Friday, April 24th. Six analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Reduce” and a consensus target price of $14.22.
Check Out Our Latest Analysis on Infosys
Infosys Price Performance
Infosys (NYSE:INFY – Get Free Report) last issued its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 earnings per share (EPS) for the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%.The company had revenue of $5.04 billion for the quarter. On average, analysts forecast that Infosys Ltd. will post 0.83 EPS for the current year.
Institutional Investors Weigh In On Infosys
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Boston Common Asset Management LLC lifted its stake in Infosys by 1.1% in the first quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock valued at $2,819,000 after buying an additional 2,300 shares during the last quarter. Laidlaw Wealth Management LLC grew its position in shares of Infosys by 30.8% during the first quarter. Laidlaw Wealth Management LLC now owns 14,650 shares of the technology company’s stock worth $198,000 after acquiring an additional 3,450 shares during the last quarter. PFG Investments LLC increased its holdings in shares of Infosys by 19.3% in the 1st quarter. PFG Investments LLC now owns 21,396 shares of the technology company’s stock valued at $289,000 after acquiring an additional 3,464 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Infosys by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company’s stock valued at $1,153,000 after acquiring an additional 3,804 shares during the period. Finally, Madison Asset Management LLC raised its position in Infosys by 5.4% in the 1st quarter. Madison Asset Management LLC now owns 124,188 shares of the technology company’s stock valued at $1,678,000 after purchasing an additional 6,358 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.
About Infosys
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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