Infosys Ltd (NYSE:INFY) has earned an average rating of “Hold” from the nineteen research firms that are covering the stock, Marketbeat reports. Three equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and four have issued a buy rating on the company. The average 1 year price target among brokerages that have issued ratings on the stock in the last year is $12.75.
Several equities analysts recently issued reports on INFY shares. Goldman Sachs Group lowered Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price target on the stock. in a research note on Wednesday, October 17th. ValuEngine upgraded Infosys from a “sell” rating to a “hold” rating in a research note on Tuesday, October 2nd. Wedbush lowered their price target on Infosys from $18.00 to $9.00 and set a “neutral” rating on the stock in a research note on Tuesday, November 27th. BMO Capital Markets restated a “hold” rating and set a $11.00 price target on shares of Infosys in a research note on Wednesday, October 17th. Finally, Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th.
Shares of Infosys stock traded down $0.04 during trading on Friday, reaching $10.58. The company’s stock had a trading volume of 7,103,970 shares, compared to its average volume of 12,118,470. The firm has a market capitalization of $45.59 billion, a PE ratio of 21.15, a PEG ratio of 2.03 and a beta of 0.42. Infosys has a one year low of $8.24 and a one year high of $10.68.
The business also recently disclosed a dividend, which will be paid on Friday, January 25th. Shareholders of record on Friday, January 25th will be issued a dividend of $0.047 per share. The ex-dividend date is Thursday, January 24th. Infosys’s payout ratio is 34.00%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Contravisory Investment Management Inc. acquired a new position in shares of Infosys in the 4th quarter worth approximately $53,000. Rehmann Capital Advisory Group boosted its holdings in shares of Infosys by 100.4% in the 3rd quarter. Rehmann Capital Advisory Group now owns 5,439 shares of the technology company’s stock worth $55,000 after acquiring an additional 2,725 shares in the last quarter. Strategic Wealth Partners Ltd. boosted its holdings in shares of Infosys by 100.0% in the 3rd quarter. Strategic Wealth Partners Ltd. now owns 8,000 shares of the technology company’s stock worth $81,000 after acquiring an additional 4,000 shares in the last quarter. Campbell & CO Investment Adviser LLC acquired a new position in shares of Infosys in the 3rd quarter worth approximately $104,000. Finally, Daiwa SB Investments Ltd. boosted its holdings in shares of Infosys by 100.0% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 10,600 shares of the technology company’s stock worth $108,000 after acquiring an additional 5,300 shares in the last quarter. 18.19% of the stock is currently owned by institutional investors.
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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