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

Infosys Limited (NYSE:INFY) has been assigned an average rating of “Hold” from the eleven brokerages that are presently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month price objective among brokers that have updated their coverage on the stock in the last year is $19.27.

INFY has been the subject of a number of analyst reports. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Guggenheim began coverage on Infosys in a research report on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price on the stock. Susquehanna cut their target price on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a research report on Friday, April 19th. BMO Capital Markets cut their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Finally, StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th.

Institutional Investors Weigh In On Infosys

Several large investors have recently added to or reduced their stakes in the stock. Boston Common Asset Management LLC increased its position in Infosys by 10.9% in the second quarter. Boston Common Asset Management LLC now owns 439,559 shares of the technology company’s stock worth $8,185,000 after buying an additional 43,102 shares during the period. GAMMA Investing LLC increased its position in Infosys by 22.6% in the second quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock worth $55,000 after buying an additional 541 shares during the period. SRN Advisors LLC increased its position in Infosys by 20.4% in the first quarter. SRN Advisors LLC now owns 68,312 shares of the technology company’s stock worth $1,225,000 after buying an additional 11,593 shares during the period. Soltis Investment Advisors LLC acquired a new stake in Infosys in the first quarter worth $710,000. Finally, Cetera Advisors LLC bought a new position in shares of Infosys in the first quarter worth $210,000. 10.89% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Up 0.3 %

NYSE INFY opened at $19.49 on Thursday. The stock has a market cap of $80.67 billion, a PE ratio of 25.64, a P/E/G ratio of 3.58 and a beta of 0.98. Infosys has a fifty-two week low of $15.33 and a fifty-two week high of $20.74. The business has a 50 day moving average price of $17.65 and a two-hundred day moving average price of $18.45.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06. The firm had revenue of $4.56 billion during the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same quarter in the prior year, the business earned $0.18 EPS. Sell-side analysts anticipate that Infosys will post 0.75 EPS for the current fiscal year.

Infosys Cuts Dividend

The company also recently declared a semi-annual dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 31st were given a dividend of $0.2035 per share. This represents a dividend yield of 1.4%. The ex-dividend date of this dividend was Friday, May 31st. Infosys’s dividend payout ratio is currently 36.84%.

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.