Infosys (NYSE:INFY) Sets New 12-Month Low - What's Next?

Key Points

• Infosys hit a new 52-week low — shares fell to $12.16 (last $12.465) on heavy volume (~10.4M shares) and are trading below their 50‑day ($13.59) and 200‑day ($16.05) moving averages.
• Analyst sentiment has weakened — several firms cut price targets (BMO to $15, Susquehanna to $14, Jefferies downgraded to Hold) and MarketBeat's consensus is "Reduce" with an average target of $14.22.
• Company fundamentals are mixed — Q1 EPS $0.23 on $5.04B revenue, net margin 16.44% and ROE 32.64%, with a PE of 15.58 and market cap roughly $50.5B; analysts forecast about 0.83 EPS for the year.

Infosys Ltd. (NYSE:INFY - Get Free Report)'s share price reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.16 and last traded at $12.4650, with a volume of 10422327 shares changing hands. The stock had previously closed at $12.24.

Wall Street Analyst Weigh In

INFY has been the subject of several recent research reports. BMO Capital Markets reduced their price target on shares of Infosys from $20.00 to $15.00 and set a "market perform" rating for the company in a report on Friday, April 24th. Stifel Nicolaus set a $15.00 price objective on shares of Infosys in a research note on Thursday, April 23rd. Susquehanna reduced their price objective on shares of Infosys from $16.00 to $14.00 and set a "neutral" rating for the company in a research note on Friday, April 24th. TD Cowen reduced their price objective on shares of Infosys from $16.00 to $15.00 and set a "hold" rating for the company in a research note on Monday, April 6th. Finally, Jefferies Financial Group downgraded shares of Infosys from a "buy" rating to a "hold" rating and set a $14.31 target price on the stock. in a research report on Monday, February 23rd. Six analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Reduce" and an average price target of $14.22.

Infosys Trading Up 1.8%

The company has a market cap of $50.45 billion, a PE ratio of 15.58, a P/E/G ratio of 1.59 and a beta of 0.89. The firm's 50-day simple moving average is $13.59 and its two-hundred day simple moving average is $16.05.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Wednesday, April 1st. The technology company reported $0.23 EPS for the quarter. The business had revenue of $5.04 billion for the quarter. Infosys had a net margin of 16.44% and a return on equity of 32.64%. As a group, analysts predict that Infosys Ltd. will post 0.83 EPS for the current year.

Institutional Trading of Infosys

Several large investors have recently made changes to their positions in the business. PFG Investments LLC boosted its holdings in shares of Infosys by 19.3% in the 1st quarter. PFG Investments LLC now owns 21,396 shares of the technology company's stock valued at $289,000 after acquiring an additional 3,464 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of Infosys by 6.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 63,155 shares of the technology company's stock valued at $1,153,000 after acquiring an additional 3,804 shares during the last quarter. QRG Capital Management Inc. boosted its holdings in shares of Infosys by 29.2% in the 1st quarter. QRG Capital Management Inc. now owns 29,497 shares of the technology company's stock valued at $398,000 after acquiring an additional 6,664 shares during the last quarter. Deltec Asset Management LLC boosted its holdings in shares of Infosys by 13.6% in the 1st quarter. Deltec Asset Management LLC now owns 58,500 shares of the technology company's stock valued at $790,000 after acquiring an additional 7,000 shares during the last quarter. Finally, V Square Quantitative Management LLC purchased a new stake in shares of Infosys in the 1st quarter valued at $97,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.