Infosys (NYSE:INFY) was upgraded by analysts at Susquehanna Bancshares from a “negative” rating to a “neutral” rating in a note issued to investors on Monday.
Other equities analysts have also recently issued research reports about the stock. ValuEngine raised shares of Infosys from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Wedbush cut their price target on shares of Infosys from $18.00 to $9.00 and set a “neutral” rating for the company in a research note on Tuesday, November 27th. Zacks Investment Research cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Monday, December 31st. BMO Capital Markets reissued a “hold” rating and issued a $11.00 price target on shares of Infosys in a research note on Wednesday, October 17th. Finally, Goldman Sachs Group cut shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price target for the company. in a research note on Wednesday, October 17th. Three investment analysts have rated the stock with a sell rating, thirteen have issued a hold rating and three have issued a buy rating to the company’s stock. Infosys has an average rating of “Hold” and an average target price of $13.48.
INFY stock traded down $0.16 during midday trading on Monday, reaching $10.25. The company had a trading volume of 258,357 shares, compared to its average volume of 13,442,146. Infosys has a 1 year low of $8.24 and a 1 year high of $10.68. The stock has a market cap of $42.90 billion, a PE ratio of 20.36, a P/E/G ratio of 1.85 and a beta of 0.42.
Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, October 16th. The technology company reported $0.13 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The business had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. During the same quarter in the previous year, the company earned $0.13 EPS. On average, sell-side analysts forecast that Infosys will post 0.52 earnings per share for the current fiscal year.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Dorsey Wright & Associates bought a new stake in shares of Infosys in the 4th quarter worth approximately $4,312,000. Polaris Capital Management LLC raised its holdings in Infosys by 106.5% during the 3rd quarter. Polaris Capital Management LLC now owns 19,982,318 shares of the technology company’s stock valued at $203,220,000 after buying an additional 10,307,444 shares during the last quarter. Vanguard Group Inc raised its holdings in Infosys by 109.4% during the 3rd quarter. Vanguard Group Inc now owns 10,580,778 shares of the technology company’s stock valued at $107,606,000 after buying an additional 5,527,728 shares during the last quarter. Federated Investors Inc. PA bought a new stake in Infosys during the 3rd quarter valued at $600,000. Finally, Rehmann Capital Advisory Group raised its holdings in Infosys by 100.4% during the 3rd quarter. Rehmann Capital Advisory Group now owns 5,439 shares of the technology company’s stock valued at $55,000 after buying an additional 2,725 shares during the last quarter. Hedge funds and other institutional investors own 18.18% of the company’s stock.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
See Also: Certificate of Deposit (CD)
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