Cantor Fitzgerald reiterated their hold rating on shares of Infosys (NYSE:INFY) in a report released on Sunday morning. The brokerage currently has a $14.00 price target on the technology company’s stock.

“We will be hosting ISG, a leading global technology research & advisory firm, 4Q17 quarterly conference call this week on Wednesday, 1/10 at 10 AM. Please ask us or your Cantor salesperson for details or let us know if you have any questions for management.”,” Cantor Fitzgerald’s analyst commented.

INFY has been the subject of a number of other research reports. BidaskClub downgraded shares of Infosys from a sell rating to a strong sell rating in a research note on Saturday, November 4th. Robert W. Baird reaffirmed a hold rating and set a $16.00 price objective on shares of Infosys in a research note on Wednesday, October 4th. Zacks Investment Research downgraded shares of Infosys from a buy rating to a hold rating in a research report on Thursday, October 5th. Goldman Sachs Group raised shares of Infosys from a sell rating to a neutral rating and increased their target price for the stock from $12.40 to $12.88 in a research report on Sunday, September 17th. Finally, Cowen reissued a hold rating and set a $15.00 target price on shares of Infosys in a research report on Thursday, October 12th. Two research analysts have rated the stock with a sell rating, nine have assigned a hold rating and four have given a buy rating to the company. The stock has a consensus rating of Hold and a consensus price target of $15.34.

Infosys (NYSE INFY) traded up $0.13 during midday trading on Friday, hitting $16.48. 5,599,100 shares of the stock were exchanged, compared to its average volume of 4,400,000. Infosys has a one year low of $13.42 and a one year high of $16.52. The firm has a market cap of $35,140.00, a P/E ratio of 16.48, a P/E/G ratio of 1.86 and a beta of 0.73.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.01. Infosys had a net margin of 21.04% and a return on equity of 21.05%. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter in the prior year, the company posted $0.24 EPS. equities analysts expect that Infosys will post 0.99 earnings per share for the current fiscal year.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Dimensional Fund Advisors LP increased its position in Infosys by 0.3% during the 2nd quarter. Dimensional Fund Advisors LP now owns 5,511,257 shares of the technology company’s stock worth $82,747,000 after purchasing an additional 17,578 shares in the last quarter. Sompo Japan Nipponkoa Asset Management CO. LTD. acquired a new stake in Infosys during the 3rd quarter worth approximately $293,000. Yacktman Asset Management LP increased its position in Infosys by 56.8% during the 3rd quarter. Yacktman Asset Management LP now owns 6,031,017 shares of the technology company’s stock worth $87,993,000 after purchasing an additional 2,184,646 shares in the last quarter. Oldfield Partners LLP increased its position in Infosys by 5.6% during the 3rd quarter. Oldfield Partners LLP now owns 3,107,302 shares of the technology company’s stock worth $45,336,000 after purchasing an additional 165,800 shares in the last quarter. Finally, Forward Management LLC increased its position in Infosys by 49.9% during the 3rd quarter. Forward Management LLC now owns 311,381 shares of the technology company’s stock worth $4,544,000 after purchasing an additional 103,658 shares in the last quarter. 18.85% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: “Infosys (INFY) Earns “Hold” Rating from Cantor Fitzgerald” was published by Watch List News and is the property of of Watch List News. If you are viewing this piece of content on another domain, it was illegally copied and reposted in violation of U.S. & international trademark & copyright law. The original version of this piece of content can be accessed at https://www.watchlistnews.com/infosys-infy-earns-hold-rating-from-cantor-fitzgerald/1798989.html.

Infosys Company Profile

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

Analyst Recommendations for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with Analyst Ratings Network's FREE daily email newsletter.