Infosys (NYSE:INFY – Get Rating) had its price target hoisted by equities researchers at BMO Capital Markets from $20.00 to $21.00 in a research report issued to clients and investors on Friday, The Fly reports. The brokerage currently has a "market perform" rating on the technology company's stock. BMO Capital Markets' target price indicates a potential upside of 13.39% from the stock's current price.
Several other brokerages also recently weighed in on INFY. Cowen dropped their price objective on Infosys from $19.00 to $18.00 and set a "market perform" rating for the company in a research report on Friday, October 14th. Susquehanna Bancshares downgraded Infosys to a "neutral" rating and dropped their price objective for the stock from $29.00 to $20.00 in a research report on Friday, September 16th. Investec upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Friday, October 14th. Cowen dropped their price objective on Infosys from $19.00 to $18.00 and set a "market perform" rating for the company in a research report on Friday, October 14th. Finally, StockNews.com upgraded Infosys from a "hold" rating to a "buy" rating in a research report on Tuesday, January 10th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $21.19.
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Infosys Stock Performance
INFY opened at $18.52 on Friday. The firm has a market cap of $77.93 billion, a P/E ratio of 26.08, a price-to-earnings-growth ratio of 2.61 and a beta of 1.01. Infosys has a 52-week low of $16.39 and a 52-week high of $26.29. The business's fifty day moving average is $18.80 and its 200-day moving average is $18.60.
Infosys (NYSE:INFY – Get Rating) last released its earnings results on Thursday, January 12th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. The company had revenue of $4.66 billion for the quarter, compared to analyst estimates of $4.66 billion. Infosys had a return on equity of 30.65% and a net
margin of 16.66%. During the same period in the prior year, the firm posted $0.18 EPS. On average, research analysts predict that Infosys will post 0.71 earnings per share for the current fiscal year.
Institutional Investors Weigh In On Infosys
Several large investors have recently added to or reduced their stakes in the business. First Trust Advisors LP grew its stake in Infosys by 69.4% in the third quarter. First Trust Advisors LP now owns 23,292,667 shares of the technology company's stock valued at $395,276,000 after acquiring an additional 9,539,373 shares during the period. State Street Corp grew its stake in Infosys by 34.6% in the first quarter. State Street Corp now owns 19,989,499 shares of the technology company's stock valued at $497,539,000 after acquiring an additional 5,143,124 shares during the period. FMR LLC grew its stake in Infosys by 20.3% in the second quarter. FMR LLC now owns 29,344,087 shares of the technology company's stock valued at $543,159,000 after acquiring an additional 4,956,478 shares during the period. Healthcare of Ontario Pension Plan Trust Fund grew its stake in Infosys by 120.3% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 6,886,100 shares of the technology company's stock valued at $116,857,000 after acquiring an additional 3,760,600 shares during the period. Finally, Assenagon Asset Management S.A. acquired a new stake in Infosys in the fourth quarter valued at approximately $61,966,000. Institutional investors and hedge funds own 12.68% of the company's stock.
Infosys Company Profile
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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 development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.
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