Infosys (NYSE:INFY) Price Target Lowered to $18.00 at BMO Capital Markets

Infosys (NYSE:INFY - Free Report) had its target price trimmed by BMO Capital Markets from $25.00 to $18.00 in a research report report published on Monday,Benzinga reports. The brokerage currently has a market perform rating on the technology company's stock.

A number of other research analysts also recently commented on INFY. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Stifel Nicolaus dropped their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group downgraded shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research report on Monday, April 21st. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research report on Monday, April 14th. Finally, Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Seven analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.48.

Infosys Stock Performance

Shares of NYSE:INFY traded up $0.05 during trading on Monday, hitting $17.41. The company's stock had a trading volume of 7,573,947 shares, compared to its average volume of 9,647,278. Infosys has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The business has a 50 day moving average price of $18.40 and a two-hundred day moving average price of $20.91. The company has a market capitalization of $72.11 billion, a PE ratio of 22.04, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $4.79 billion during the quarter, compared to analysts' expectations of $420.69 billion. 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 posted $0.23 EPS. As a group, equities analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in Infosys by 270.9% in the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after purchasing an additional 6,693,127 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its position in shares of Infosys by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock valued at $173,437,000 after buying an additional 4,296,291 shares in the last quarter. First Trust Advisors LP raised its stake in shares of Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after buying an additional 4,108,903 shares during the last quarter. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Infosys by 1,668.3% in the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after buying an additional 3,045,656 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in Infosys by 43.1% in the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after acquiring an additional 2,478,093 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.