Infosys Limited (NYSE:INFY) Receives Average Recommendation of 'Hold' from Analysts

Shares of Infosys Limited (NYSE:INFY) have recently been given an average recommendation of "Hold" by twelve financial rating firms that are currently analyzing the stock, according to reports. Out of these analysts, two have rated the stock as a "Sell," four as a "Hold," and six have shown a preference for it with a "Buy" rating. The average target price for Infosys over the next year, based on the ratings provided by these analysts, is estimated to be $19.68.

Various analysts have released reports regarding Infosys shares. For instance, Macquarie upgraded the company from an “underperform” rating to a “neutral” rating in a research note that was released on July 19th. Meanwhile, Investec lowered its rating from “Hold” to “Sell” on October 3rd. In contrast, stock analysis firm StockNews.com raised its rating from “Hold” to “Buy” on September 30th. Additionally, Erste Group Bank also upgraded Infosys from a “Hold” to a “Buy” on September 11th.

Institutional Investor Activity

Recently, several institutional investors have made adjustments to their stakes in Infosys. Creative Planning increased its holdings by 26.4% during the third quarter, now owning 400,866 shares valued at approximately $8.93 million after acquiring an additional 83,648 shares. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH has also increased its stake by 20.3%, owning 347,420 shares worth about $7.74 million after purchasing an extra 58,633 shares. Furthermore, Ritholtz Wealth Management raised its position by 38.7%, bringing its total holdings to 41,638 shares valued at $927,000 after an additional purchase of 11,612 shares. Other investors, including Perpetual Ltd and Brookstone Capital Management, have established new positions in the company. Currently, institutional investors hold about 10.89% of Infosys stock.

Current Performance of Infosys Stock

On the trading floor, Infosys’ stock opened at $22.93. Its 50-day moving average stands at $22.47, while the 200-day average is $19.75. The market capitalization of Infosys is approximately $94.97 billion, with a price-to-earnings (P/E) ratio of 29.78 and a P/E/G ratio of 3.68. Over the past year, the stock has reached a low of $16.04 and a high of $23.48.

The firm last revealed its earnings results on July 18th. Infosys reported earnings per share (EPS) of $0.18 for the quarter, meeting analysts' expectations. The company achieved a net margin of 17.18% and a return on equity of 32.01%. It also reported revenue of $4.71 billion for the quarter, surpassing estimates of $4.67 billion. Comparatively, during the same quarter the previous year, Infosys earned $0.17 in EPS. Analysts project the company will achieve an EPS of 0.75 for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, is engaged in providing a variety of services including consulting, technology, outsourcing, and next-generation digital solutions. These services are offered across North America, Europe, India, and other international markets. Among the solutions offered are digital marketing, digital workplace innovation, data analytics, artificial intelligence, blockchain, and cloud services, among others.

Infosys, Stock, Analysts