Infosys Limited (NYSE:INFY) Given Average Rating of “Hold” by Brokerages

Shares of Infosys Limited (NYSE:INFY) have received a consensus rating of “Hold” from the twelve research firms that are presently covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $20.85.

Several research analysts have recently commented on INFY shares. BMO Capital Markets increased their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Blue Trust Inc. grew its stake in shares of Infosys by 110.5% in the third quarter. Blue Trust Inc. now owns 47,185 shares of the technology company’s stock worth $1,051,000 after acquiring an additional 24,774 shares during the last quarter. Aaron Wealth Advisors LLC acquired a new stake in Infosys in the 3rd quarter worth $280,000. Vontobel Holding Ltd. increased its holdings in shares of Infosys by 3.9% during the 3rd quarter. Vontobel Holding Ltd. now owns 823,280 shares of the technology company’s stock worth $18,334,000 after purchasing an additional 30,574 shares during the period. Birch Capital Management LLC raised its position in shares of Infosys by 5.4% during the third quarter. Birch Capital Management LLC now owns 271,974 shares of the technology company’s stock valued at $6,057,000 after buying an additional 13,838 shares during the last quarter. Finally, Creative Planning lifted its stake in shares of Infosys by 26.4% in the third quarter. Creative Planning now owns 400,866 shares of the technology company’s stock valued at $8,927,000 after buying an additional 83,648 shares during the period. 10.89% of the stock is owned by institutional investors.

Infosys Trading Down 0.7 %

Shares of NYSE:INFY opened at $22.51 on Friday. The business has a fifty day simple moving average of $22.68 and a 200 day simple moving average of $19.97. Infosys has a 1 year low of $16.04 and a 1 year high of $23.48. The firm has a market cap of $93.19 billion, a price-to-earnings ratio of 29.62, a P/E/G ratio of 3.68 and a beta of 0.99.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The business had revenue of $4.89 billion during the quarter, compared to analyst estimates of $4.89 billion. During the same period in the previous year, the company earned $0.18 EPS. On average, sell-side analysts forecast that Infosys will post 0.75 EPS for the current year.

About Infosys

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.