Infosys Limited (NYSE:INFY) Receives Consensus Rating of “Hold” from Brokerages

Infosys Limited (NYSE:INFY) has earned an average recommendation of “Hold” from the ten analysts that are currently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year price objective among analysts that have issued a report on the stock in the last year is $19.78.

A number of equities analysts recently issued reports on the stock. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th.

Hedge Funds Weigh In On Infosys

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Sierra Ocean LLC bought a new position in Infosys during the 4th quarter worth approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in Infosys during the third quarter worth $33,000. Brooklyn Investment Group bought a new position in Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the third quarter valued at $57,000. Finally, Farther Finance Advisors LLC boosted its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Stock Performance

Shares of INFY opened at $18.41 on Tuesday. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63. The firm has a market cap of $76.24 billion, a price-to-earnings ratio of 23.30, a PEG ratio of 3.50 and a beta of 1.01. The business’s fifty day moving average is $21.25 and its 200-day moving average is $22.07.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm earned $0.18 EPS. As a group, research analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

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.