Infosys Limited (NYSE:INFY) has been given an average recommendation of “Hold” by the seventeen analysts that are presently covering the firm. Two equities research analysts have rated the stock with a sell rating, thirteen have given a hold rating and two have given a buy rating to the company. The average 1 year price target among analysts that have issued a report on the stock in the last year is $17.36.
INFY has been the subject of a number of analyst reports. Zacks Investment Research upgraded Infosys Limited from a “sell” rating to a “hold” rating in a research report on Thursday, September 29th. Pacific Crest reiterated a “hold” rating on shares of Infosys Limited in a research report on Monday, October 10th. Cantor Fitzgerald set a $17.00 target price on Infosys Limited and gave the stock a “hold” rating in a research report on Saturday, October 15th. Morgan Stanley reiterated an “overweight” rating on shares of Infosys Limited in a research report on Tuesday, October 18th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $17.00 target price (down previously from $19.00) on shares of Infosys Limited in a research report on Tuesday, October 18th.
Infosys Limited (NYSE:INFY) traded up 1.487% during mid-day trading on Friday, reaching $13.995. The company had a trading volume of 4,334,998 shares. Infosys Limited has a 1-year low of $13.74 and a 1-year high of $20.47. The firm has a 50-day moving average of $14.71 and a 200 day moving average of $15.53. The company has a market capitalization of $31.99 billion, a PE ratio of 15.016 and a beta of 0.93.
Several large investors have recently bought and sold shares of INFY. Alps Advisors Inc. raised its stake in Infosys Limited by 46.5% in the second quarter. Alps Advisors Inc. now owns 17,497 shares of the company’s stock valued at $312,000 after buying an additional 5,556 shares during the last quarter. Capital Fund Management S.A. bought a new stake in Infosys Limited during the second quarter valued at about $2,468,000. ING Groep NV raised its stake in Infosys Limited by 255.0% in the second quarter. ING Groep NV now owns 91,857 shares of the company’s stock valued at $1,641,000 after buying an additional 65,982 shares during the last quarter. Flossbach Von Storch AG bought a new stake in Infosys Limited during the second quarter valued at about $741,000. Finally, ClariVest Asset Management LLC raised its stake in Infosys Limited by 16.8% in the second quarter. ClariVest Asset Management LLC now owns 865,842 shares of the company’s stock valued at $15,455,000 after buying an additional 124,700 shares during the last quarter. 17.26% of the stock is owned by institutional investors and hedge funds.
About Infosys Limited
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.