Infosys (NYSE:INFY – Get Free Report)‘s stock had its “hold” rating restated by analysts at HSBC in a research note issued on Friday, Benzinga reports. They presently have a $20.10 price objective on the technology company’s stock. HSBC’s target price indicates a potential upside of 21.71% from the company’s current price.
Several other analysts have also issued reports on the stock. StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. Wedbush reissued an “outperform” rating and issued a $22.00 price target on shares of Infosys in a research report on Wednesday, March 13th. BMO Capital Markets boosted their price target on shares of Infosys from $18.00 to $21.00 and gave the company a “market perform” rating in a research report on Friday, January 12th. Finally, BNP Paribas started coverage on shares of Infosys in a research report on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target on the stock. Five equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $20.65.
Check Out Our Latest Stock Analysis on Infosys
Infosys Stock Performance
Hedge Funds Weigh In On Infosys
Several hedge funds have recently bought and sold shares of INFY. Sivia Capital Partners LLC grew its stake in Infosys by 8.9% in the 1st quarter. Sivia Capital Partners LLC now owns 24,571 shares of the technology company’s stock worth $441,000 after buying an additional 2,008 shares in the last quarter. Naviter Wealth LLC grew its stake in Infosys by 13.5% in the 1st quarter. Naviter Wealth LLC now owns 75,779 shares of the technology company’s stock worth $1,359,000 after buying an additional 9,027 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH grew its stake in Infosys by 8.6% in the 1st quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 342,755 shares of the technology company’s stock worth $6,146,000 after buying an additional 27,056 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Infosys by 6.5% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,857,531 shares of the technology company’s stock worth $33,306,000 after buying an additional 112,790 shares in the last quarter. Finally, Kathmere Capital Management LLC grew its stake in Infosys by 12.7% in the 1st quarter. Kathmere Capital Management LLC now owns 34,531 shares of the technology company’s stock worth $619,000 after buying an additional 3,898 shares in the last quarter. 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.
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