Analysts Set Infosys Limited (NYSE:INFY) Price Target at $20.22

Shares of Infosys Limited (NYSE:INFY) have earned an average rating of “Hold” from the ten ratings firms that are presently covering the company, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, three have given a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $20.22.

Several research firms recently commented on INFY. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INFY. BHK Investment Advisors LLC lifted its position 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 valued at $499,000 after buying an additional 507 shares in the last quarter. Outlook Wealth Advisors LLC lifted its position in shares of Infosys by 2.8% during the 4th quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after buying an additional 508 shares in the last quarter. Canopy Partners LLC lifted its position in shares of Infosys by 3.1% during the 3rd quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock valued at $381,000 after buying an additional 522 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Infosys by 14.2% during the 4th 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 in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its position in shares of Infosys by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock valued at $229,000 after buying an additional 579 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Infosys Trading Up 0.6 %

NYSE INFY opened at $21.35 on Friday. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The stock has a market cap of $88.41 billion, a P/E ratio of 27.02, a P/E/G ratio of 3.51 and a beta of 1.00. The stock’s fifty day moving average price is $22.18 and its 200-day moving average price is $22.29.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the firm earned $0.18 EPS. As a group, analysts forecast that Infosys will post 0.74 earnings per share for the current fiscal year.

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.