Infosys Limited (NYSE:INFY) Given Consensus Rating of “Moderate Buy” by Analysts

Infosys Limited (NYSE:INFY) has been assigned a consensus recommendation of “Moderate Buy” from the thirteen ratings firms that are presently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $20.85.

INFY has been the subject of a number of analyst reports. BMO Capital Markets lifted their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Thursday, December 12th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th.

Infosys Trading Down 0.8 %

NYSE INFY opened at $21.92 on Thursday. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The firm has a market capitalization of $90.79 billion, a PE ratio of 28.10, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. The business’s 50-day moving average price is $22.27 and its two-hundred day moving average price is $21.84.

Infosys (NYSE:INFY) last released its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The business had revenue of $4.89 billion during the quarter, compared to the consensus estimate of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same quarter in the prior year, the firm posted $0.18 EPS. As a group, analysts forecast that Infosys will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The firm also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were issued a $0.2126 dividend. This represents a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, October 29th. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. Infosys’s dividend payout ratio is currently 53.85%.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of INFY. Mizuho Securities Co. Ltd. bought a new position in Infosys during the 3rd quarter valued at $33,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Infosys by 126.7% during the second quarter. Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after purchasing an additional 1,693 shares during the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the third quarter valued at approximately $57,000. GAMMA Investing LLC increased its position in shares of Infosys by 34.3% during the 3rd quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares during the last quarter. Finally, Lafayette Investments Inc. bought a new stake in Infosys in the second quarter worth about $194,000. Hedge funds and other institutional investors own 16.20% of the company’s stock.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.