Infosys (NYSE:INFY) Price Target Cut to $18.00 by Analysts at Stifel Nicolaus

Infosys (NYSE:INFY) had its price objective cut by investment analysts at Stifel Nicolaus from $22.00 to $18.00 in a report issued on Tuesday,Benzinga reports. The firm presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price objective would suggest a potential upside of 8.63% from the company’s previous close.

INFY has been the topic of several other reports. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Finally, Susquehanna upgraded Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target on the stock in a report on Monday. One analyst has rated the stock with a sell rating, six have issued a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $20.03.

Infosys Trading Down 2.7 %

INFY opened at $16.57 on Tuesday. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The business’s 50-day moving average price is $19.09 and its 200-day moving average price is $21.19. The company has a market cap of $68.63 billion, a P/E ratio of 20.97, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the company posted $0.18 EPS. Equities research analysts forecast that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Infosys

Several institutional investors and hedge funds have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new position in shares of Infosys in the 4th quarter worth approximately $311,000. Jones Financial Companies Lllp raised its holdings in Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,030 shares in the last quarter. Haven Global Partners LLC bought a new position in Infosys in the fourth quarter worth $4,078,000. Barclays PLC lifted its position in Infosys by 11.8% during the third 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 during the period. Finally, Farther Finance Advisors LLC boosted its holdings in shares of 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 currently owned by hedge funds and other institutional investors.

About Infosys

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.