Infosys’ (INFY) Hold Rating Reiterated at HSBC

HSBC reissued their hold rating on shares of Infosys (NYSE:INFY) in a research report report published on Friday morning, Benzinga reports. They currently have a $20.10 target price on the technology company’s stock.

Other research analysts have also issued reports about the company. JPMorgan Chase & Co. raised Infosys from a neutral rating to an overweight rating in a report on Wednesday, January 3rd. BNP Paribas initiated coverage on Infosys in a research report on Wednesday, January 17th. They set an outperform rating and a $24.00 price target on the stock. Guggenheim started coverage on Infosys in a research report on Tuesday, March 19th. They issued a neutral rating and a $20.00 target price on the stock. UBS Group raised Infosys from a neutral rating to a buy rating in a report on Wednesday, January 3rd. Finally, BMO Capital Markets increased their price target on Infosys from $18.00 to $21.00 and gave the company a market perform rating in a report on Friday, January 12th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the company. According to MarketBeat, Infosys has a consensus rating of Hold and an average target price of $19.27.

Infosys Stock Up 2.9 %

INFY opened at $17.30 on Friday. The business has a fifty day moving average of $18.74 and a 200 day moving average of $18.35. Infosys has a 52-week low of $14.71 and a 52-week high of $20.74. The stock has a market cap of $71.61 billion, a P/E ratio of 22.76, a PEG ratio of 2.21 and a beta of 0.93.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. Infosys had a return on equity of 32.33% and a net margin of 17.06%. The company 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 business earned $0.18 EPS. Equities analysts anticipate that Infosys will post 0.76 EPS for the current fiscal year.

Hedge Funds Weigh In On Infosys

A number of large investors have recently made changes to their positions in the stock. PFG Investments LLC grew its stake in Infosys by 84.9% in the 1st quarter. PFG Investments LLC now owns 28,227 shares of the technology company’s stock valued at $506,000 after acquiring an additional 12,959 shares during the last quarter. Outlook Wealth Advisors LLC raised its holdings in Infosys by 29.5% in the first quarter. Outlook Wealth Advisors LLC now owns 13,428 shares of the technology company’s stock valued at $241,000 after buying an additional 3,059 shares during the period. Marshall Financial Group LLC raised its stake in shares of Infosys by 8.8% during the first quarter. Marshall Financial Group LLC now owns 57,080 shares of the technology company’s stock valued at $1,023,000 after purchasing an additional 4,602 shares during the period. Sivia Capital Partners LLC raised its stake in shares of Infosys by 8.9% during the first quarter. Sivia Capital Partners LLC now owns 24,571 shares of the technology company’s stock valued at $441,000 after purchasing an additional 2,008 shares during the period. Finally, Naviter Wealth LLC raised its stake in shares of Infosys by 13.5% during the first quarter. Naviter Wealth LLC now owns 75,779 shares of the technology company’s stock valued at $1,359,000 after purchasing an additional 9,027 shares during the period. Hedge funds and other institutional investors own 10.89% of the company’s stock.

About Infosys

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.