Infosys Limited (NYSE:INFY) Receives $20.85 Consensus Price Target from Brokerages

Infosys Limited (NYSE:INFY) has received a consensus rating of “Hold” from the twelve ratings firms that are presently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, four have assigned a hold recommendation and six have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $20.85.

A number of equities research analysts recently weighed in on the stock. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, November 20th. Finally, BMO Capital Markets increased their target price on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th.

Infosys Trading Down 0.4 %

Shares of INFY opened at $22.12 on Friday. Infosys has a 12 month low of $16.04 and a 12 month high of $23.48. The stock’s 50-day moving average price is $22.21 and its two-hundred day moving average price is $21.06. The company has a market capitalization of $91.62 billion, a PE ratio of 28.36, a PEG ratio of 3.58 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The company had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same period last year, the business posted $0.18 EPS. Equities research analysts predict that Infosys will post 0.75 EPS for the current fiscal year.

Infosys Increases Dividend

The company also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were issued a dividend of $0.2126 per share. This represents a dividend yield of 1.1%. This is a boost from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. Infosys’s dividend payout ratio (DPR) is currently 53.85%.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the stock. Mizuho Securities Co. Ltd. bought a new position in Infosys in the third quarter worth about $33,000. GAMMA Investing LLC raised its stake in Infosys by 22.6% during the 2nd quarter. GAMMA Investing LLC now owns 2,931 shares of the technology company’s stock valued at $55,000 after purchasing an additional 541 shares during the period. Hilltop National Bank lifted its holdings in Infosys by 50.8% in the 2nd quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after purchasing an additional 1,004 shares in the last quarter. Whittier Trust Co. of Nevada Inc. boosted its stake in Infosys by 126.7% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,693 shares during the period. Finally, Wilmington Savings Fund Society FSB purchased a new stake in shares of Infosys in the third quarter worth about $57,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Infosys Company Profile

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.