Analysts Set Infosys Limited (NYSE:INFY) PT at $20.22

Shares of Infosys Limited (NYSE:INFY) have been assigned a consensus recommendation of “Hold” from the ten research firms that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $19.78.

Several analysts have weighed in on the company. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Monday.

Infosys Price Performance

Shares of Infosys stock opened at $18.27 on Tuesday. The business’s fifty day moving average price is $21.33 and its two-hundred day moving average price is $22.10. The company has a market capitalization of $75.66 billion, a P/E ratio of 23.12, a PEG ratio of 3.50 and a beta of 1.01. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the company posted $0.18 EPS. On average, research analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infosys

A number of hedge funds have recently modified their holdings of INFY. Sierra Ocean LLC acquired a new position in shares of Infosys in the 4th quarter worth $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys in the 3rd quarter worth $33,000. Brooklyn Investment Group acquired a new position in shares of Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Infosys in the 3rd quarter worth $57,000. Finally, Farther Finance Advisors LLC grew its holdings in shares of Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.