Infosys Limited (INFY) Lowered to Strong Sell at BidaskClub
BidaskClub downgraded shares of Infosys Limited (NYSE:INFY) from a sell rating to a strong sell rating in a research report report published on Saturday.
A number of other equities analysts have also weighed in on INFY. Stifel Nicolaus reiterated a hold rating on shares of Infosys Limited in a research report on Thursday, October 26th. Cowen and Company set a $15.00 price target on Infosys Limited and gave the company a hold rating in a research report on Friday, August 18th. Zacks Investment Research upgraded Infosys Limited from a hold rating to a buy rating and set a $17.00 price target for the company in a research report on Tuesday, September 19th. BMO Capital Markets reiterated a hold rating and issued a $16.00 price target on shares of Infosys Limited in a research report on Friday, August 18th. Finally, UBS AG lowered Infosys Limited from a buy rating to a hold rating in a research report on Friday, August 18th. Three research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have issued a buy rating to the stock. The company presently has an average rating of Hold and a consensus target price of $15.34.
Infosys Limited (NYSE INFY) traded up $0.04 during trading hours on Friday, reaching $14.63. The company had a trading volume of 2,347,300 shares, compared to its average volume of 5,477,646. The firm has a market capitalization of $33,439.48, a price-to-earnings ratio of 15.08, a P/E/G ratio of 1.59 and a beta of 0.68. Infosys Limited has a 1 year low of $13.42 and a 1 year high of $16.15.
Infosys Limited (NYSE:INFY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The firm had revenue of $2.73 billion for the quarter, compared to analyst estimates of $2.78 billion. Infosys Limited had a return on equity of 21.05% and a net margin of 21.04%. During the same period in the previous year, the company earned $0.24 earnings per share. research analysts anticipate that Infosys Limited will post 0.98 EPS for the current year.
The firm also recently disclosed a dividend, which was paid on Wednesday, November 1st. Shareholders of record on Wednesday, November 1st were given a dividend of $0.20 per share. The ex-dividend date of this dividend was Tuesday, October 31st. Infosys Limited’s payout ratio is presently 42.27%.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Comgest Global Investors S.A.S. boosted its position in Infosys Limited by 1.4% during the 2nd quarter. Comgest Global Investors S.A.S. now owns 33,248,005 shares of the technology company’s stock worth $499,385,000 after acquiring an additional 465,600 shares during the period. Nordea Investment Management AB boosted its position in Infosys Limited by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 33,042,144 shares of the technology company’s stock worth $496,293,000 after acquiring an additional 188,589 shares during the period. Genesis Asset Managers LLP boosted its position in Infosys Limited by 15.6% during the 2nd quarter. Genesis Asset Managers LLP now owns 15,885,726 shares of the technology company’s stock worth $238,604,000 after acquiring an additional 2,145,698 shares during the period. Seafarer Capital Partners LLC boosted its position in Infosys Limited by 1.7% during the 3rd quarter. Seafarer Capital Partners LLC now owns 9,821,000 shares of the technology company’s stock worth $143,288,000 after acquiring an additional 166,000 shares during the period. Finally, Mondrian Investment Partners LTD boosted its position in Infosys Limited by 67.4% during the 3rd quarter. Mondrian Investment Partners LTD now owns 8,792,515 shares of the technology company’s stock worth $128,283,000 after acquiring an additional 3,541,514 shares during the period. Hedge funds and other institutional investors own 19.71% of the company’s stock.
Infosys Limited 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.
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