Infosys Limited (NYSE:INFY) Receives $17.48 Consensus PT from Analysts

Shares of Infosys Limited (NYSE:INFY - Get Free Report) have been assigned an average recommendation of "Moderate Buy" from the eleven ratings firms that are presently covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $17.48.

Several research firms have issued reports on INFY. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research note on Monday, April 14th. Investec raised Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. The Goldman Sachs Group downgraded Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research note on Monday, April 21st. BMO Capital Markets dropped their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research note on Monday, April 21st. Finally, Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th.

Hedge Funds Weigh In On Infosys

Several hedge funds have recently modified their holdings of INFY. Rakuten Securities Inc. grew its holdings in Infosys by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. boosted its holdings in shares of Infosys by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares during the period. Sierra Ocean LLC bought a new stake in shares of Infosys during the fourth quarter worth approximately $29,000. Wayfinding Financial LLC bought a new stake in shares of Infosys during the first quarter worth approximately $32,000. Finally, Cullen Frost Bankers Inc. bought a new stake in shares of Infosys during the first quarter worth approximately $57,000. Institutional investors own 16.20% of the company's stock.

Infosys Price Performance

Shares of Infosys stock traded up $0.11 on Friday, hitting $18.47. 8,526,632 shares of the company's stock traded hands, compared to its average volume of 9,697,131. The firm's 50-day moving average price is $17.67 and its two-hundred day moving average price is $20.25. The stock has a market capitalization of $76.48 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98. Infosys has a one year low of $15.82 and a one year high of $23.63.

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

Infosys Company Profile

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.