Infosys Limited (NYSE:INFY) Receives $20.85 Average Target Price from Analysts

Shares of Infosys Limited (NYSE:INFY) have earned a consensus rating of “Moderate Buy” from the thirteen ratings firms that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $20.85.

Several research firms have issued reports on INFY. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. BMO Capital Markets upped their price target on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th.

Institutional Investors Weigh In On Infosys

Large investors have recently added to or reduced their stakes in the business. Robeco Institutional Asset Management B.V. lifted its position in Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company’s stock valued at $542,051,000 after buying an additional 9,923,744 shares in the last quarter. Canada Pension Plan Investment Board lifted its holdings in shares of Infosys by 37.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock valued at $401,826,000 after acquiring an additional 5,862,144 shares in the last quarter. Fisher Asset Management LLC lifted its holdings in shares of Infosys by 9.7% during the 3rd quarter. Fisher Asset Management LLC now owns 14,415,018 shares of the technology company’s stock valued at $321,022,000 after acquiring an additional 1,271,890 shares in the last quarter. Franklin Resources Inc. boosted its position in Infosys by 2.9% during the 3rd quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after purchasing an additional 322,648 shares during the period. Finally, Millennium Management LLC increased its holdings in Infosys by 67.9% in the 2nd quarter. Millennium Management LLC now owns 7,601,073 shares of the technology company’s stock valued at $141,532,000 after purchasing an additional 3,074,432 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Down 0.7 %

Shares of NYSE:INFY opened at $22.48 on Thursday. The company has a market cap of $93.11 billion, a PE ratio of 28.82, a P/E/G ratio of 3.77 and a beta of 1.00. The company’s 50 day moving average is $22.28 and its two-hundred day moving average is $21.75. Infosys has a 52 week low of $16.04 and a 52 week high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter in the prior year, the business posted $0.18 EPS. As a group, equities research analysts expect that Infosys will post 0.75 EPS for the current year.

Infosys Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were paid a $0.2126 dividend. This is an increase from Infosys’s previous semi-annual dividend of $0.20. This represents a yield of 1.1%. The ex-dividend date was Tuesday, October 29th. Infosys’s dividend payout ratio (DPR) is presently 53.85%.

About Infosys

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.