Infosys Limited (NYSE:INFY - Get Free Report) has earned a consensus recommendation of "Hold" from the eleven research firms that are presently covering the stock, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, three have issued a hold recommendation, five have given a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $20.22.
A number of research analysts recently commented on the company. Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. StockNews.com downgraded Infosys from a "buy" rating to a "hold" rating in a research report on Monday. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday. Finally, Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research report on Friday, January 17th.
Read Our Latest Stock Analysis on Infosys
A number of hedge funds and other institutional investors have recently bought and sold shares of INFY. BHK Investment Advisors LLC boosted its holdings in Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock worth $499,000 after acquiring an additional 507 shares during the last quarter. Outlook Wealth Advisors LLC increased its stake in shares of Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock worth $403,000 after purchasing an additional 508 shares in the last quarter. Canopy Partners LLC grew its stake in Infosys by 3.1% in the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company's stock valued at $381,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC raised its stake in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after purchasing an additional 560 shares during the period. Finally, Kovitz Investment Group Partners LLC lifted its holdings in shares of Infosys by 5.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after buying an additional 579 shares in the last quarter. Institutional investors own 16.20% of the company's stock.
Shares of INFY stock opened at $19.43 on Tuesday. Infosys has a 52 week low of $16.04 and a 52 week high of $23.63. The company has a 50-day simple moving average of $21.54 and a 200 day simple moving average of $22.18. The company has a market capitalization of $80.47 billion, a price-to-earnings ratio of 24.59, a PEG ratio of 3.50 and a beta of 1.01.
Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the business earned $0.18 EPS. Sell-side analysts forecast that Infosys will post 0.74 EPS for the current year.
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.
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].
Before you consider Infosys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Infosys wasn't on the list.
While Infosys currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.