Infosys’ (INFY) Buy Rating Reiterated at Jefferies Group

Infosys (NYSE:INFY)‘s stock had its “buy” rating reiterated by research analysts at Jefferies Group in a report released on Sunday. They presently have a $20.30 price target on the technology company’s stock. Jefferies Group’s target price suggests a potential upside of 18.71% from the stock’s current price.

A number of other analysts have also weighed in on the stock. Goldman Sachs raised shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Monday, February 5th. Morgan Stanley raised shares of Infosys from an “equal weight” rating to an “overweight” rating in a research report on Tuesday, January 16th. Susquehanna Bancshares reissued a “negative” rating on shares of Infosys in a research report on Monday, February 5th. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $18.00 price objective on the stock in a research report on Tuesday, December 26th. Finally, Cantor Fitzgerald reaffirmed a “hold” rating and set a $14.00 target price on shares of Infosys in a research report on Sunday, January 7th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have given a buy rating to the company. The stock presently has an average rating of “Hold” and an average price target of $16.32.

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Infosys stock opened at $17.10 on Friday. Infosys has a 1-year low of $13.88 and a 1-year high of $18.71. The stock has a market capitalization of $36,117.64, a P/E ratio of 16.85, a PEG ratio of 1.73 and a beta of 0.57.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Friday, April 13th. The technology company reported $0.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.25 by $0.01. Infosys had a net margin of 22.73% and a return on equity of 21.69%. The company had revenue of $2.81 billion for the quarter, compared to analyst estimates of $2.77 billion. During the same period in the prior year, the company posted $0.24 EPS. equities research analysts predict that Infosys will post 1.06 earnings per share for the current fiscal year.

Large investors have recently modified their holdings of the company. Envestnet Asset Management Inc. boosted its stake in shares of Infosys by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 49,959 shares of the technology company’s stock valued at $811,000 after purchasing an additional 5,625 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd bought a new position in shares of Infosys during the fourth quarter valued at approximately $1,653,000. Cullen Capital Management LLC bought a new position in shares of Infosys during the fourth quarter valued at approximately $228,000. Jane Street Group LLC bought a new position in shares of Infosys during the fourth quarter valued at approximately $3,363,000. Finally, Crestline Management LP bought a new position in shares of Infosys during the fourth quarter valued at approximately $730,000. 19.51% of the stock is currently owned by institutional investors and hedge funds.

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Infosys Company Profile

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.

Analyst Recommendations for Infosys (NYSE:INFY)

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