Infosys Ltd. (NYSE:INFY – Get Free Report) has been assigned an average rating of “Hold” from the nine analysts that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and one has issued a buy rating on the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $13.6263.
INFY has been the subject of several analyst reports. Wells Fargo & Company set a $11.00 price target on shares of Infosys and gave the company an “equal weight” rating in a report on Friday, June 26th. BMO Capital Markets cut their price objective on shares of Infosys from $20.00 to $15.00 and set a “market perform” rating on the stock in a research report on Friday, April 24th. Stifel Nicolaus set a $15.00 target price on shares of Infosys in a research note on Thursday, April 23rd. Susquehanna decreased their target price on shares of Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. Finally, JPMorgan Chase & Co. dropped their price target on shares of Infosys from $16.80 to $12.70 and set an “overweight” rating on the stock in a research note on Wednesday, June 24th.
Check Out Our Latest Research Report on INFY
Infosys Trading Up 0.1%
Infosys (NYSE:INFY – Get Free Report) last released 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 business had revenue of $5.04 billion during the quarter. Sell-side analysts predict that Infosys will post 0.83 earnings per share for the current year.
Institutional Trading of Infosys
Hedge funds have recently added to or reduced their stakes in the business. V Square Quantitative Management LLC acquired a new position in Infosys during the 1st quarter worth $97,000. State of Wyoming acquired a new position in shares of Infosys during the first quarter valued at $134,000. Aureus Asset Management LLC acquired a new position in shares of Infosys during the first quarter valued at $142,000. Able Wealth Management LLC bought a new stake in shares of Infosys during the first quarter valued at about $163,000. Finally, Dickmeyer Boyce Financial Management Inc. bought a new stake in shares of Infosys during the first quarter valued at about $173,000. 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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