Infosys Limited (NYSE:INFY) Given Average Recommendation of “Hold” by Brokerages

Shares of Infosys Limited (NYSE:INFY) have been assigned a consensus recommendation of “Hold” from the ten ratings firms that are presently covering the stock, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, three have given a hold recommendation, four have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $20.22.

INFY has been the topic of a number of analyst reports. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th.

Institutional Trading of Infosys

Hedge funds and other institutional investors have recently made changes to their positions in the company. First Trust Advisors LP boosted its holdings in Infosys by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after purchasing an additional 4,108,903 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Infosys by 6.2% in the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock valued at $566,435,000 after buying an additional 1,501,039 shares during the period. Fisher Asset Management LLC grew its position in shares of Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock worth $318,221,000 after buying an additional 102,341 shares in the last quarter. Franklin Resources Inc. increased its stake in shares of Infosys by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company’s stock worth $252,114,000 after buying an additional 229,482 shares during the period. Finally, AQR Capital Management LLC lifted its stake in Infosys by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock worth $200,877,000 after acquiring an additional 6,693,127 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

NYSE:INFY opened at $21.42 on Friday. The stock’s fifty day moving average is $22.30 and its 200 day moving average is $22.31. The firm has a market capitalization of $88.70 billion, a PE ratio of 27.11, a PEG ratio of 3.64 and a beta of 1.00. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the previous year, the firm posted $0.18 earnings per share. Equities analysts forecast that Infosys will post 0.74 EPS for the current year.

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.