Brokerages Set Infosys Limited (NYSE:INFY) Target Price at $20.95

Shares of Infosys Limited (NYSE:INFYGet Free Report) have received an average rating of “Hold” from the eleven ratings firms that are currently covering the company, Marketbeat reports. Six analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $20.95.

Several research analysts have recently commented on the stock. BNP Paribas assumed coverage on shares of Infosys in a report on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target for the company. UBS Group raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Wedbush reissued an “outperform” rating and set a $22.00 price target on shares of Infosys in a report on Tuesday, January 16th. 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 report on Friday, January 12th. Finally, HSBC downgraded shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday.

Check Out Our Latest Analysis on Infosys

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. FWL Investment Management LLC bought a new stake in shares of Infosys in the 4th quarter worth $27,000. GAMMA Investing LLC bought a new stake in Infosys in the fourth quarter worth about $36,000. Planned Solutions Inc. bought a new position in shares of Infosys during the 4th quarter valued at about $50,000. JFS Wealth Advisors LLC grew its stake in shares of Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after purchasing an additional 1,381 shares during the last quarter. Finally, Harel Insurance Investments & Financial Services Ltd. bought a new stake in shares of Infosys in the 3rd quarter worth approximately $85,000. Institutional investors and hedge funds own 11.39% of the company’s stock.

Infosys Stock Performance

NYSE:INFY opened at $20.43 on Monday. The company has a market capitalization of $84.54 billion, a price-to-earnings ratio of 28.77, a price-to-earnings-growth ratio of 2.88 and a beta of 0.96. Infosys has a one year low of $14.71 and a one year high of $20.74. The stock has a 50-day simple moving average of $18.86 and a 200 day simple moving average of $17.74.

Infosys (NYSE:INFYGet Free Report) last posted its quarterly earnings results on Thursday, January 11th. The technology company reported $0.18 EPS for the quarter, topping analysts’ consensus estimates of $0.17 by $0.01. The business had revenue of $4.66 billion during the quarter, compared to the consensus estimate of $4.58 billion. Infosys had a return on equity of 31.25% and a net margin of 15.91%. On average, equities research analysts forecast that Infosys will post 0.7 EPS for the current fiscal year.

About Infosys

(Get Free Report

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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Analyst Recommendations for Infosys (NYSE:INFY)

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