Infosys Limited (NYSE:INFY) Receives Average Rating of "Moderate Buy" from Analysts

Infosys Limited (NYSE:INFY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven brokerages that are presently covering the stock, Marketbeat Ratings reports. Six analysts have rated the stock with 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 brokers that have issued ratings on the stock in the last year is $17.48.

A number of brokerages have weighed in on INFY. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a report on Monday, April 21st. Investec raised Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Finally, Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a report on Monday, April 14th.

Infosys Stock Performance

INFY traded up $0.08 on Wednesday, hitting $17.96. 397,766 shares of the company were exchanged, compared to its average volume of 9,613,266. Infosys has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a fifty day simple moving average of $18.06 and a two-hundred day simple moving average of $20.69. The stock has a market capitalization of $74.37 billion, a PE ratio of 22.70, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Infosys will post 0.74 earnings per share for the current year.

Institutional Trading of Infosys

Several hedge funds and other institutional investors have recently made changes to their positions in INFY. SG Americas Securities LLC acquired a new stake in Infosys in the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp raised its stake in shares of Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after purchasing an additional 1,030 shares during the last quarter. Haven Global Partners LLC acquired a new position in Infosys in the 4th quarter worth approximately $4,078,000. Barclays PLC lifted its stake in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company's stock valued at $56,200,000 after acquiring an additional 266,902 shares during the period. Finally, Farther Finance Advisors LLC boosted 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 valued at $68,000 after acquiring an additional 1,279 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

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.