Infosys Limited (NYSE:INFY) Receives $20.85 Consensus PT from Brokerages

Infosys Limited (NYSE:INFY) has received an average recommendation of “Moderate Buy” from the thirteen research firms that are presently covering the firm, MarketBeat reports. Two investment analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year price objective among analysts that have covered the stock in the last year is $20.85.

A number of equities research analysts have issued reports on INFY shares. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th.

Institutional Trading of Infosys

Institutional investors and hedge funds have recently made changes to their positions in the stock. International Assets Investment Management LLC bought a new position in Infosys in the third quarter valued at $16,560,000. Nomura Asset Management Co. Ltd. increased its position in shares of Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after purchasing an additional 123,083 shares during the last quarter. Barclays PLC raised its holdings in shares of Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after buying an additional 266,902 shares in the last quarter. DGS Capital Management LLC lifted its position in Infosys by 15.9% in the 3rd quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock worth $1,408,000 after buying an additional 8,692 shares during the last quarter. Finally, BNP Paribas Financial Markets boosted its stake in Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after buying an additional 297,183 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Infosys Stock Performance

INFY stock opened at $21.92 on Thursday. The stock has a fifty day moving average of $22.27 and a 200-day moving average of $21.84. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The company has a market capitalization of $90.79 billion, a price-to-earnings ratio of 28.10, a PEG ratio of 3.77 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. The firm had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same quarter last year, the business earned $0.18 earnings per share. Equities analysts predict that Infosys will post 0.75 EPS for the current year.

Infosys Increases Dividend

The business also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were given a dividend of $0.2126 per share. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. This represents a yield of 1.1%. Infosys’s payout ratio is presently 53.85%.

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.