Shares of Infosys Limited (NYSE:INFY – Get Free Report) have received an average rating of “Hold” from the ten analysts that are covering the firm, Marketbeat reports. Two research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokerages that have covered the stock in the last year is $19.78.
A number of research analysts recently commented on the company. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Monday, March 10th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th.
Check Out Our Latest Analysis on INFY
Infosys Stock Up 1.0 %
Infosys (NYSE:INFY – Get Free Report) last posted 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 return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm posted $0.18 EPS. On average, equities research analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Infosys
Large investors have recently modified their holdings of the stock. Sierra Ocean LLC bought a new position in shares of Infosys during the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys during the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group bought a new position in shares of Infosys during the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys during the 3rd quarter valued at approximately $57,000. Finally, Farther Finance Advisors LLC increased its position in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.
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.
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