Analysts Set Infosys Limited (NYSE:INFY) Price Target at $19.27

Shares of Infosys Limited (NYSE:INFYGet Free Report) have earned a consensus rating of “Hold” from the eleven brokerages that are currently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and six have given a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $19.27.

Several research firms recently issued reports on INFY. HSBC reissued a “hold” rating and issued a $20.10 target price on shares of Infosys in a research report on Friday, April 19th. Guggenheim began coverage on shares of Infosys in a research report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price target on the stock. BMO Capital Markets reduced their price target on shares of Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Susquehanna reduced their price target on shares of Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a research report on Friday, April 19th. Finally, Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th.

Get Our Latest Stock Report on INFY

Infosys Price Performance

Shares of NYSE INFY opened at $19.37 on Thursday. The company has a market cap of $80.19 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 3.59 and a beta of 0.98. Infosys has a 12 month low of $15.33 and a 12 month high of $20.74. The company has a 50-day simple moving average of $17.75 and a 200-day simple moving average of $18.47.

Infosys (NYSE:INFYGet Free Report) last released its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. During the same period last year, the company earned $0.18 earnings per share. On average, analysts anticipate that Infosys will post 0.75 EPS for the current year.

Infosys Cuts Dividend

The company also recently announced a semi-annual dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 31st were given a dividend of $0.2035 per share. The ex-dividend date was Friday, May 31st. This represents a dividend yield of 1.4%. Infosys’s payout ratio is currently 38.16%.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC bought a new stake in shares of Infosys in the fourth quarter worth $36,000. Planned Solutions Inc. bought a new stake in shares of Infosys in the fourth quarter worth $50,000. Hilltop National Bank increased its stake in shares of Infosys by 50.8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after buying an additional 1,004 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Infosys in the fourth quarter worth $56,000. Finally, EverSource Wealth Advisors LLC increased its stake in shares of Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after buying an additional 1,663 shares during the last quarter. 10.89% of the stock is owned by institutional investors and hedge funds.

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 digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.

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Analyst Recommendations for Infosys (NYSE:INFY)

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