BidaskClub downgraded shares of Infosys Limited (NYSE:INFY) from a buy rating to a hold rating in a report published on Monday, July 31st.
Several other analysts also recently weighed in on the company. Zacks Investment Research upgraded Infosys Limited from a sell rating to a hold rating and set a $18.00 target price for the company in a research note on Monday, July 17th. Goldman Sachs Group, Inc. (The) reiterated a sell rating on shares of Infosys Limited in a research note on Friday, June 9th. Oppenheimer Holdings, Inc. reiterated a market perform rating on shares of Infosys Limited in a research note on Tuesday, April 18th. Cantor Fitzgerald reiterated a hold rating and issued a $15.00 price target on shares of Infosys Limited in a research note on Friday, July 14th. Finally, HSBC Holdings plc upgraded Infosys Limited from a hold rating to a buy rating in a research note on Thursday, June 8th. Three equities research analysts have rated the stock with a sell rating, eleven have given a hold rating and two have given a buy rating to the stock. Infosys Limited presently has a consensus rating of Hold and a consensus target price of $16.25.
Shares of Infosys Limited (NYSE:INFY) traded down 7.41% during mid-day trading on Monday, hitting $14.75. The stock had a trading volume of 31,224,819 shares. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.71. The stock has a 50 day moving average price of $15.52 and a 200-day moving average price of $15.13. The company has a market cap of $33.71 billion, a PE ratio of 15.54 and a beta of 0.79.
Infosys Limited (NYSE:INFY) last posted its quarterly earnings data on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.23 by $0.01. The business had revenue of $170.78 billion for the quarter, compared to analysts’ expectations of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.22 earnings per share. On average, equities analysts expect that Infosys Limited will post $0.98 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC acquired a new stake in Infosys Limited during the first quarter valued at about $100,000. PNC Financial Services Group Inc. raised its position in Infosys Limited by 82.0% in the first quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock worth $120,000 after buying an additional 3,400 shares in the last quarter. Tower Research Capital LLC TRC raised its position in Infosys Limited by 198.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock worth $120,000 after buying an additional 5,295 shares in the last quarter. CT Financial Advisors LLC purchased a new position in Infosys Limited during the first quarter worth $144,000. Finally, Equity Investment Corp Acquisition Inc purchased a new position in Infosys Limited during the second quarter worth $151,000. Institutional investors and hedge funds own 20.54% 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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