Infosys Limited (NYSE:INFY - Get Free Report)'s share price gapped down before the market opened on Thursday . The stock had previously closed at $16.95, but opened at $16.26. Infosys shares last traded at $16.47, with a volume of 4,386,091 shares traded.
Analysts Set New Price Targets
INFY has been the subject of a number of research analyst reports. Guggenheim initiated coverage on Infosys in a report on Tuesday, March 19th. They set a "neutral" rating and a $20.00 price target for the company. Bank of America upgraded Infosys from a "neutral" rating to a "buy" rating in a report on Tuesday, April 9th. Wedbush reiterated an "outperform" rating and set a $22.00 price target on shares of Infosys in a report on Wednesday, March 13th. JPMorgan Chase & Co. upgraded Infosys from a "neutral" rating to an "overweight" rating in a report on Wednesday, January 3rd. Finally, StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, Infosys presently has a consensus rating of "Moderate Buy" and an average target price of $20.76.
View Our Latest Stock Analysis on Infosys
Infosys Price Performance
The company's 50-day simple moving average is $18.87 and its 200-day simple moving average is $18.34. The stock has a market capitalization of $68.36 billion, a price-to-earnings ratio of 23.26, a P/E/G ratio of 2.25 and a beta of 0.93.
Institutional Investors Weigh In On Infosys
Several hedge funds have recently bought and sold shares of INFY. FWL Investment Management LLC acquired a new stake in shares of Infosys in the fourth quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new stake in shares of Infosys in the fourth quarter valued at approximately $36,000. JFS Wealth Advisors LLC raised its position in shares of Infosys by 88.3% in the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company's stock valued at $50,000 after buying an additional 1,381 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of Infosys in the fourth quarter valued at approximately $50,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Infosys in the fourth quarter valued at approximately $56,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.
Infosys Company Profile
(
Get Free Report)
Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.
Further Reading
Before you consider Infosys, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Infosys wasn't on the list.
While Infosys currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Thinking about investing in Meta, Roblox, or Unity? Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
