Infosys Ltd. (NYSE:INFY) Stock Rated “Reduce” by Wall Street Brokerages

Shares of Infosys Ltd. (NYSE:INFY) have earned an average rating of “Reduce” from the eleven research firms that are currently covering the firm, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating and ten have issued a hold rating on the company. The average 12-month price target among brokers that have issued a report on the stock in the last year is $11.79.

Several research analysts have recently issued reports on INFY shares. CLSA cut Infosys from an “outperform” rating to a “hold” rating in a research note on Wednesday, August 19th. Susquehanna cut their price objective on shares of Infosys from $12.00 to $11.00 and set a “neutral” rating on the stock in a research note on Friday, July 24th. BMO Capital Markets reaffirmed a “market perform” rating and issued a $13.00 price objective (up from $12.00) on shares of Infosys in a report on Monday, October 26th. Jefferies Financial Group reaffirmed a “hold” rating and issued a $14.31 price objective (down from $20.82) on shares of Infosys in a report on Monday, August 31st. Finally, JPMorgan Chase & Co. lowered shares of Infosys from an “overweight” rating to a “neutral” rating and decreased their target price for the company from $12.70 to $10.90 in a research report on Friday, July 24th.

Institutional Trading of Infosys

Institutional investors have recently made changes to their positions in the stock. Nisa Investment Advisors LLC lifted its holdings in Infosys by 87.1% in the 3rd quarter. Nisa Investment Advisors LLC now owns 3,683 shares of the technology company’s stock valued at $40,000 after acquiring an additional 1,715 shares during the last quarter. V Square Quantitative Management LLC acquired a new position in shares of Infosys in the 1st quarter worth approximately $97,000. TD Waterhouse Canada Inc. grew its stake in shares of Infosys by 14.2% in the 2nd quarter. TD Waterhouse Canada Inc. now owns 9,090 shares of the technology company’s stock worth $97,000 after purchasing an additional 1,131 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. bought a new stake in shares of Infosys in the 3rd quarter worth approximately $110,000. Finally, Concurrent Investment Advisors LLC bought a new stake in shares of Infosys in the 2nd quarter worth approximately $115,000. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Trading Up 4.9%

Shares of NYSE:INFY opened at $12.84 on Friday. The firm’s 50 day moving average is $11.54 and its two-hundred day moving average is $12.77. Infosys has a 52 week low of $10.12 and a 52 week high of $30.00. The firm has a market capitalization of $51.98 billion, a P/E ratio of 15.85, a PEG ratio of 3.05 and a beta of 0.87.

Infosys (NYSE:INFY) last released its quarterly earnings results on Friday, October 23rd. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The business had revenue of $5.19 billion for the quarter, compared to the consensus estimate of $5.12 billion. Infosys had a net margin of 16.21% and a return on equity of 34.81%. Analysts predict that Infosys will post 0.81 EPS for the current year.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.