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

Shares of Infosys Limited (NYSE:INFY) have been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the firm, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $19.27.

A number of research firms have recently issued reports on INFY. BNP Paribas began coverage on Infosys in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target on the stock. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Guggenheim began coverage on Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price target on the stock. UBS Group upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, BMO Capital Markets dropped their price target on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research note on Friday, April 19th.

Infosys Trading Down 0.4 %

Shares of INFY opened at $16.95 on Friday. The business’s fifty day simple moving average is $18.49 and its two-hundred day simple moving average is $18.32. Infosys has a 12 month low of $14.98 and a 12 month high of $20.74. The company has a market cap of $70.16 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.28 and a beta of 0.93.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. During the same period last year, the business posted $0.18 EPS. As a group, research analysts forecast that Infosys will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Infosys

A number of institutional investors have recently bought and sold shares of the stock. Buckingham Capital Management Inc. raised its holdings in Infosys by 0.6% in the 4th quarter. Buckingham Capital Management Inc. now owns 87,324 shares of the technology company’s stock worth $1,605,000 after purchasing an additional 499 shares during the period. HB Wealth Management LLC raised its holdings in Infosys by 5.7% during the fourth quarter. HB Wealth Management LLC now owns 10,661 shares of the technology company’s stock valued at $196,000 after acquiring an additional 575 shares during the period. GAMMA Investing LLC raised its holdings in Infosys by 33.0% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after acquiring an additional 593 shares during the period. Marshall Financial Group LLC raised its holdings in Infosys by 1.2% during the fourth quarter. Marshall Financial Group LLC now owns 52,478 shares of the technology company’s stock valued at $965,000 after acquiring an additional 622 shares during the period. Finally, Knights of Columbus Asset Advisors LLC raised its holdings in Infosys by 3.2% during the third quarter. Knights of Columbus Asset Advisors LLC now owns 22,100 shares of the technology company’s stock valued at $378,000 after acquiring an additional 680 shares during the period. 10.89% of the stock is owned by institutional investors.

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.