Infosys Ltd. (NYSE:INFY - Get Free Report)'s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $11.52 and traded as high as $11.84. Infosys shares last traded at $11.67, with a volume of 6,727,872 shares trading hands.
Analyst Upgrades and Downgrades
INFY has been the subject of a number of analyst reports. Stifel Nicolaus set a $13.00 price objective on shares of Infosys and gave the company a "hold" rating in a report on Thursday, July 16th. HSBC set a $11.47 price target on shares of Infosys and gave the stock a "hold" rating in a research report on Friday, July 24th. Weiss Ratings lowered shares of Infosys from a "hold (c-)" rating to a "sell (d+)" rating in a report on Tuesday, July 28th. CLSA cut shares of Infosys from an "outperform" rating to a "hold" rating in a research report on Wednesday, August 19th. Finally, Wells Fargo & Company set a $11.00 price objective on Infosys and gave the stock an "equal weight" rating in a research note on Friday, June 26th. Nine analysts have rated the stock with a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat.com, Infosys presently has an average rating of "Reduce" and an average target price of $11.63.
Read Our Latest Stock Analysis on Infosys
Infosys Stock Performance
The firm's fifty day simple moving average is $11.52 and its 200 day simple moving average is $12.72. The stock has a market capitalization of $47.26 billion, a price-to-earnings ratio of 14.41, a P/E/G ratio of 2.80 and a beta of 0.88.
Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Thursday, July 23rd. The technology company reported $0.20 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a net margin of 16.38% and a return on equity of 33.91%. The company had revenue of $4.99 billion during the quarter, compared to analyst estimates of $5.08 billion. Analysts forecast that Infosys Ltd. will post 0.81 earnings per share for the current year.
Hedge Funds Weigh In On Infosys
Large investors have recently added to or reduced their stakes in the company. V Square Quantitative Management LLC bought a new stake in shares of Infosys in the first quarter valued at about $97,000. TD Waterhouse Canada Inc. boosted its position in shares of Infosys by 14.2% during the second quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company's stock worth $97,000 after buying an additional 1,131 shares during the period. State of Wyoming bought a new position in shares of Infosys during the first quarter worth about $134,000. Aureus Asset Management LLC bought a new position in shares of Infosys during the first quarter worth about $142,000. Finally, Concurrent Investment Advisors LLC acquired a new stake in Infosys in the 2nd quarter valued at approximately $115,000. Institutional investors own 16.20% of the company's stock.
Infosys Company Profile
(
Get Free Report)
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.
Further Reading
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