A number of other analysts have also commented on the stock. Goldman Sachs Group, Inc. (The) reaffirmed a sell rating on shares of Infosys Limited in a research note on Friday, June 9th. Zacks Investment Research lowered shares of Infosys Limited from a buy rating to a hold rating in a research note on Friday, July 28th. Cantor Fitzgerald reaffirmed a hold rating and set a $15.00 price objective on shares of Infosys Limited in a research note on Friday, July 14th. BMO Capital Markets reaffirmed a hold rating and set a $16.00 price objective on shares of Infosys Limited in a research note on Friday. Finally, BidaskClub lowered shares of Infosys Limited from a buy rating to a hold rating in a research note on Monday, July 31st. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and two have assigned a buy rating to the company. The company has a consensus rating of Hold and a consensus price target of $16.25.
Infosys Limited (INFY) opened at 14.79 on Friday. The firm has a market cap of $33.81 billion, a PE ratio of 15.58 and a beta of 0.79. Infosys Limited has a 12 month low of $13.42 and a 12 month high of $16.71. The firm’s 50-day moving average is $15.51 and its 200-day moving average is $15.14.
Infosys Limited (NYSE:INFY) last issued its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. Infosys Limited had a net margin of 20.95% and a return on equity of 21.37%. The company had revenue of $170.78 billion during the quarter, compared to the consensus estimate of $170.51 billion. During the same period in the prior year, the company earned $0.22 EPS. Infosys Limited’s revenue was up 1.8% on a year-over-year basis. Equities analysts expect that Infosys Limited will post $0.98 earnings per share for the current year.
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Institutional investors have recently added to or reduced their stakes in the company. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Infosys Limited during the first quarter valued at approximately $100,000. PNC Financial Services Group Inc. increased its position in shares of 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 valued at $120,000 after buying an additional 3,400 shares during the period. Tower Research Capital LLC TRC increased its position in shares of 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 valued at $120,000 after buying an additional 5,295 shares during the period. Equity Investment Corp Acquisition Inc bought a new position in shares of Infosys Limited during the second quarter valued at approximately $151,000. Finally, Greenleaf Trust bought a new position in shares of Infosys Limited during the first quarter valued at approximately $168,000. Hedge funds and other institutional investors 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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