Infosys Ltd (NYSE:INFY) Receives Consensus Recommendation of “Hold” from Analysts

Infosys Ltd (NYSE:INFY) has been assigned an average recommendation of “Hold” from the sixteen analysts that are presently covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation and fourteen have given a hold recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $10.92.

A number of research firms recently commented on INFY. Robert W. Baird set a $10.00 target price on shares of Infosys and gave the company a “hold” rating in a research report on Monday, October 21st. Wells Fargo & Co reiterated a “hold” rating on shares of Infosys in a research note on Monday, October 21st. ValuEngine raised shares of Infosys from a “strong sell” rating to a “sell” rating in a research report on Tuesday. UBS Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating in a research note on Monday, September 16th. Finally, Citigroup lowered Infosys to a “hold” rating in a report on Monday, October 14th.

A number of large investors have recently modified their holdings of the stock. Teacher Retirement System of Texas acquired a new position in Infosys in the third quarter valued at $4,184,000. SG Americas Securities LLC raised its holdings in shares of Infosys by 32.1% in the third quarter. SG Americas Securities LLC now owns 813,064 shares of the technology company’s stock valued at $9,245,000 after buying an additional 197,521 shares during the last quarter. Fiera Capital Corp boosted its stake in shares of Infosys by 70.9% during the second quarter. Fiera Capital Corp now owns 902,114 shares of the technology company’s stock worth $9,653,000 after buying an additional 374,216 shares during the period. NEXT Financial Group Inc boosted its stake in shares of Infosys by 44.9% during the third quarter. NEXT Financial Group Inc now owns 3,610 shares of the technology company’s stock worth $41,000 after buying an additional 1,118 shares during the period. Finally, First Trust Advisors LP boosted its stake in shares of Infosys by 7.7% during the second quarter. First Trust Advisors LP now owns 4,533,226 shares of the technology company’s stock worth $48,506,000 after buying an additional 323,228 shares during the period. Hedge funds and other institutional investors own 17.43% of the company’s stock.

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INFY stock traded down $0.02 during trading on Tuesday, hitting $9.67. 111,978 shares of the company’s stock were exchanged, compared to its average volume of 12,655,380. The business has a 50-day moving average price of $9.78 and a two-hundred day moving average price of $10.71. The stock has a market capitalization of $41.67 billion, a price-to-earnings ratio of 17.91, a PEG ratio of 1.90 and a beta of 0.44. Infosys has a 52-week low of $8.76 and a 52-week high of $12.08.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, October 11th. The technology company reported $0.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.14 by ($0.01). Infosys had a net margin of 17.74% and a return on equity of 25.70%. The company had revenue of $3.21 billion during the quarter, compared to analysts’ expectations of $3.20 billion. On average, equities research analysts predict that Infosys will post 0.54 EPS for the current year.

About Infosys

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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Analyst Recommendations for Infosys (NYSE:INFY)

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