Analysts Set Infosys Limited (NYSE:INFY) PT at $19.70

Shares of Infosys Limited (NYSE:INFY) have earned a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, Marketbeat.com reports. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among analysts that have issued ratings on the stock in the last year is $19.70.

Several equities analysts recently commented on the stock. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th.

Hedge Funds Weigh In On Infosys

Institutional investors and hedge funds have recently made changes to their positions in the business. BHK Investment Advisors LLC grew its holdings in shares of Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after acquiring an additional 507 shares during the period. Outlook Wealth Advisors LLC raised its holdings in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC lifted its position in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. Kovitz Investment Group Partners LLC grew its position in shares of Infosys by 5.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock worth $229,000 after buying an additional 579 shares during the period. Finally, Flagship Harbor Advisors LLC increased its stake in shares of Infosys by 6.2% in the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock worth $242,000 after acquiring an additional 641 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

Shares of Infosys stock opened at $17.72 on Friday. The stock’s 50-day simple moving average is $19.61 and its 200 day simple moving average is $21.38. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63. The stock has a market capitalization of $73.38 billion, a P/E ratio of 22.43, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) 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 last year, the company earned $0.18 earnings per share. Equities research analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

About Infosys

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.