HSBC Reaffirms Hold Rating for Infosys (NYSE:INFY)

HSBC reaffirmed their hold rating on shares of Infosys (NYSE:INFY - Free Report) in a research report released on Friday, Benzinga reports. They currently have a $20.10 target price on the technology company's stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets lifted their target price on shares of Infosys from $18.00 to $21.00 and gave the stock a market perform rating in a report on Friday, January 12th. Wedbush reaffirmed an outperform rating and set a $22.00 target price on shares of Infosys in a report on Wednesday, March 13th. Bank of America raised shares of Infosys from a neutral rating to a buy rating in a report on Tuesday, April 9th. JPMorgan Chase & Co. raised shares of Infosys from a neutral rating to an overweight rating in a report on Wednesday, January 3rd. Finally, BNP Paribas assumed coverage on shares of Infosys in a report on Wednesday, January 17th. They set an outperform rating and a $24.00 target price for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Infosys currently has an average rating of Hold and a consensus price target of $19.27.

Infosys Stock Up 1.8 %

INFY stock traded up $0.30 during trading on Friday, hitting $16.81. The company had a trading volume of 16,181,923 shares, compared to its average volume of 9,551,933. The firm has a 50-day moving average price of $18.80 and a 200-day moving average price of $18.34. Infosys has a 12 month low of $14.71 and a 12 month high of $20.74. The stock has a market cap of $69.58 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.24 and a beta of 0.93.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 15.91% and a return on equity of 31.25%. The firm had revenue of $4.56 billion during the quarter, compared to analysts' expectations of $4.49 billion. During the same quarter in the previous year, the company posted $0.18 EPS. Equities analysts expect that Infosys will post 0.7 EPS for the current year.

Institutional Investors Weigh In On Infosys

Institutional investors and hedge funds have recently modified their holdings of the company. FWL Investment Management LLC bought a new stake in shares of Infosys in the 4th quarter valued at about $27,000. GAMMA Investing LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $36,000. JFS Wealth Advisors LLC boosted its position in shares of Infosys by 88.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company's stock worth $50,000 after acquiring an additional 1,381 shares in the last quarter. Planned Solutions Inc. acquired a new stake in shares of Infosys during the 4th quarter worth approximately $50,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Infosys during the 4th quarter worth approximately $56,000. 10.89% of the stock is owned by institutional investors.

Infosys Company Profile

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.