Brokerages Set Infosys Limited (NYSE:INFY) Price Target at $17.48

Infosys Limited (NYSE:INFY - Get Free Report) has been assigned an average rating of "Moderate Buy" from the eleven research firms that are currently covering the company, Marketbeat Ratings reports. Six investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $17.48.

A number of research analysts have weighed in on the stock. CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Wall Street Zen raised shares of Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. The Goldman Sachs Group lowered shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 target price for the company. in a research report on Monday, April 21st. Stifel Nicolaus cut their target price on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Finally, BMO Capital Markets cut their target price on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a research report on Monday, April 21st.

Infosys Stock Up 2.2%

Infosys stock traded up $0.39 during mid-day trading on Friday, hitting $18.50. The company's stock had a trading volume of 9,014,381 shares, compared to its average volume of 9,716,804. The stock has a market capitalization of $76.63 billion, a P/E ratio of 23.42, a P/E/G ratio of 3.50 and a beta of 0.98. Infosys has a twelve month low of $15.82 and a twelve month high of $23.63. The stock's fifty day moving average price is $17.66 and its two-hundred day moving average price is $20.30.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping 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 firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period in the previous year, the company posted $0.23 EPS. Equities analysts expect that Infosys will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. BHK Investment Advisors LLC lifted its stake in Infosys by 2.3% in the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock valued at $499,000 after acquiring an additional 507 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its stake in Infosys by 5.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after acquiring an additional 579 shares during the last quarter. Flagship Harbor Advisors LLC lifted its stake in Infosys by 6.2% in the fourth quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company's stock valued at $242,000 after acquiring an additional 641 shares during the last quarter. Geneos Wealth Management Inc. lifted its stake in Infosys by 1.4% in the fourth quarter. Geneos Wealth Management Inc. now owns 47,919 shares of the technology company's stock valued at $1,050,000 after acquiring an additional 682 shares during the last quarter. Finally, BSW Wealth Partners lifted its stake in Infosys by 3.9% in the fourth quarter. BSW Wealth Partners now owns 20,989 shares of the technology company's stock valued at $460,000 after acquiring an additional 790 shares during the last quarter. 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.