Stifel Nicolaus Lowers Infosys (NYSE:INFY) Price Target to $17.00

Infosys (NYSE:INFY) had its price objective decreased by stock analysts at Stifel Nicolaus from $18.00 to $17.00 in a research report issued to clients and investors on Monday,Benzinga reports. The firm currently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price target points to a potential upside of 0.65% from the company’s previous close.

A number of other research firms have also weighed in on INFY. Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Investec upgraded Infosys from a “sell” rating to a “buy” rating in a report on Friday. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, The Goldman Sachs Group cut shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price target on the stock. in a report on Monday. Seven equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys has an average rating of “Moderate Buy” and an average target price of $17.48.

Infosys Price Performance

INFY stock opened at $16.89 on Monday. Infosys has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The stock has a market capitalization of $69.96 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 3.50 and a beta of 0.97. The business’s fifty day moving average price is $18.66 and its two-hundred day moving average price is $21.01.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the prior year, the firm posted $0.23 EPS. Research analysts expect that Infosys will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Rakuten Securities Inc. lifted its position in shares of Infosys by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,067 shares in the last quarter. Sierra Ocean LLC bought a new stake in shares of Infosys during the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys in the 3rd quarter worth about $57,000. Finally, Farther Finance Advisors LLC grew its holdings in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

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.