Analysts Set Infosys Limited (NYSE:INFY) Price Target at $20.85

Shares of Infosys Limited (NYSE:INFY) have been assigned an average recommendation of “Moderate Buy” from the thirteen analysts that are covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $20.85.

INFY has been the subject of a number of research analyst reports. Erste Group Bank upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Thursday, December 12th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th.

Infosys Price Performance

NYSE:INFY opened at $22.48 on Thursday. The firm has a 50-day moving average of $22.28 and a two-hundred day moving average of $21.75. The stock has a market cap of $93.11 billion, a P/E ratio of 28.82, a PEG ratio of 3.77 and a beta of 1.00. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. The firm had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the business posted $0.18 earnings per share. As a group, equities analysts expect that Infosys will post 0.75 earnings per share for the current year.

Infosys Increases Dividend

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

Institutional Trading of Infosys

Large investors have recently modified their holdings of the company. International Assets Investment Management LLC bought a new position in Infosys in the 3rd quarter worth about $16,560,000. Nomura Asset Management Co. Ltd. increased its position in Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after acquiring an additional 123,083 shares during the period. Barclays PLC raised its stake in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. DGS Capital Management LLC boosted its position in Infosys by 15.9% during the 3rd quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 8,692 shares during the period. Finally, BNP Paribas Financial Markets grew its stake in shares of Infosys by 5.1% in the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after purchasing an additional 297,183 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

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.