Robert W. Baird Reiterates “Hold” Rating for Infosys Limited (NYSE:INFY)
Infosys Limited (NYSE:INFY)‘s stock had its “hold” rating restated by equities researchers at Robert W. Baird in a research note issued on Wednesday, October 4th. They currently have a $16.00 target price on the technology company’s stock. Robert W. Baird’s price target points to a potential upside of 8.77% from the stock’s current price.
A number of other analysts have also commented on INFY. Cowen and Company set a $15.00 price target on Infosys Limited and gave the stock a “hold” rating in a research note on Friday, August 18th. Zacks Investment Research raised Infosys Limited from a “hold” rating to a “buy” rating and set a $17.00 price target for the company in a research note on Tuesday, September 19th. BMO Capital Markets reissued a “hold” rating and set a $16.00 price objective on shares of Infosys Limited in a research report on Friday, August 18th. Stifel Nicolaus reissued a “hold” rating and set a $15.50 price objective on shares of Infosys Limited in a research report on Friday, August 18th. Finally, UBS AG lowered Infosys Limited from a “buy” rating to a “hold” rating in a research report on Friday, August 18th. Three analysts have rated the stock with a sell rating, eleven have assigned a hold rating and three have issued a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $15.34.
Shares of Infosys Limited (NYSE:INFY) traded up 0.68% during mid-day trading on Wednesday, reaching $14.71. 2,901,491 shares of the company’s stock traded hands. The stock has a market cap of $33.62 billion, a PE ratio of 15.50 and a beta of 0.74. The firm has a 50 day moving average price of $14.67 and a 200-day moving average price of $15.05. Infosys Limited has a 12 month low of $13.42 and a 12 month high of $16.15.
Infosys Limited (NYSE:INFY) last announced its quarterly earnings results on Friday, July 14th. The technology company reported $0.24 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.01. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The company had revenue of $170.78 billion during the quarter, compared to analyst estimates of $170.51 billion. During the same quarter last year, the firm posted $0.22 earnings per share. The firm’s revenue was up 1.8% on a year-over-year basis. On average, analysts predict that Infosys Limited will post $0.98 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Perpetual Ltd bought a new stake in Infosys Limited in the 2nd quarter worth about $4,188,000. Intl Fcstone Inc. bought a new stake in Infosys Limited in the 2nd quarter worth about $517,000. WFG Advisors LP increased its holdings in Infosys Limited by 14.5% in the 2nd quarter. WFG Advisors LP now owns 35,455 shares of the technology company’s stock worth $533,000 after buying an additional 4,485 shares in the last quarter. Polaris Capital Management LLC increased its holdings in Infosys Limited by 24.8% in the 2nd quarter. Polaris Capital Management LLC now owns 7,765,928 shares of the technology company’s stock worth $116,644,000 after buying an additional 1,541,776 shares in the last quarter. Finally, Tower Research Capital LLC TRC increased its holdings in Infosys Limited by 198.2% in the 2nd 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. Institutional investors own 19.89% 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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