Infosys Limited (NYSE:INFY) Receives $19.27 Consensus Target Price from Brokerages

Infosys Limited (NYSE:INFY) has been assigned an average rating of “Hold” from the eleven research firms that are presently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have given a buy recommendation to the company. The average 12 month price target among analysts that have issued a report on the stock in the last year is $19.27.

A number of equities analysts have recently commented on the company. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Saturday. Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a research note on Friday, July 19th. Finally, Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Canada Pension Plan Investment Board lifted its position in shares of Infosys by 37.3% in the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock worth $401,826,000 after purchasing an additional 5,862,144 shares during the period. Millennium Management LLC boosted its position in Infosys by 67.9% during the second quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after acquiring an additional 3,074,432 shares during the last quarter. Acadian Asset Management LLC grew its holdings in Infosys by 106.1% during the 1st quarter. Acadian Asset Management LLC now owns 4,839,764 shares of the technology company’s stock worth $86,764,000 after acquiring an additional 2,491,403 shares during the period. Wellington Management Group LLP raised its position in shares of Infosys by 539.8% in the 4th quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company’s stock worth $36,955,000 after acquiring an additional 1,696,378 shares in the last quarter. Finally, Daiwa Securities Group Inc. lifted its stake in shares of Infosys by 46.0% in the 2nd quarter. Daiwa Securities Group Inc. now owns 5,234,500 shares of the technology company’s stock valued at $97,467,000 after purchasing an additional 1,648,650 shares during the period. 10.89% of the stock is owned by institutional investors.

Infosys Stock Down 0.7 %

INFY opened at $22.69 on Tuesday. The stock has a market capitalization of $93.94 billion, a price-to-earnings ratio of 29.86, a P/E/G ratio of 3.63 and a beta of 0.99. Infosys has a twelve month low of $16.04 and a twelve month high of $23.48. The company has a 50-day simple moving average of $22.28 and a 200 day simple moving average of $19.43.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, July 18th. The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18. Infosys had a net margin of 17.18% and a return on equity of 32.01%. The business had revenue of $4.71 billion for the quarter, compared to analyst estimates of $4.67 billion. During the same quarter last year, the business posted $0.17 EPS. Sell-side analysts anticipate that Infosys will post 0.75 EPS for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.