Infosys (INFY) Rating Reiterated by William Blair

Infosys (NYSE:INFY)‘s stock had its “underperform” rating restated by investment analysts at William Blair in a research report issued on Friday.

A number of other research analysts have also recently issued reports on INFY. Cantor Fitzgerald reiterated a “hold” rating and set a $16.00 price objective on shares of Infosys in a report on Tuesday, January 16th. Zacks Investment Research upgraded shares of Infosys from a “hold” rating to a “buy” rating and set a $19.00 price objective for the company in a report on Tuesday, January 16th. BMO Capital Markets reiterated a “hold” rating and set a $18.00 price objective on shares of Infosys in a report on Wednesday, April 11th. UBS cut shares of Infosys to a “neutral” rating in a report on Monday, February 5th. Finally, Jefferies Group reiterated a “buy” rating and set a $20.30 price objective on shares of Infosys in a report on Sunday. Four analysts have rated the stock with a sell rating, nine have given a hold rating and seven have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and an average target price of $16.35.

How to Become a New Pot Stock Millionaire

INFY opened at $16.99 on Friday. Infosys has a 1-year low of $13.88 and a 1-year high of $18.71. The firm has a market capitalization of $36,117.64, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.73 and a beta of 0.57.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Friday, April 13th. The technology company reported $0.26 earnings per share for the quarter, beating the 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 firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the firm posted $0.24 earnings per share. equities research analysts predict that Infosys will post 1.06 EPS for the current year.

A number of institutional investors have recently added to or reduced their stakes in INFY. Generation Investment Management LLP boosted its stake in Infosys by 145.4% in the fourth quarter. Generation Investment Management LLP now owns 18,036,922 shares of the technology company’s stock valued at $292,559,000 after acquiring an additional 10,685,465 shares during the last quarter. Russell Investments Group Ltd. raised its position in shares of Infosys by 54.2% in the fourth quarter. Russell Investments Group Ltd. now owns 10,646,583 shares of the technology company’s stock valued at $171,996,000 after purchasing an additional 3,740,199 shares during the period. Bank of New York Mellon Corp raised its position in shares of Infosys by 358.0% in the fourth quarter. Bank of New York Mellon Corp now owns 4,679,711 shares of the technology company’s stock valued at $75,905,000 after purchasing an additional 3,658,003 shares during the period. Oaktree Capital Management LP raised its position in shares of Infosys by 8,942.6% in the fourth quarter. Oaktree Capital Management LP now owns 2,866,600 shares of the technology company’s stock valued at $46,496,000 after purchasing an additional 2,834,899 shares during the period. Finally, Maple Brown Abbott Ltd raised its position in shares of Infosys by 71.2% in the fourth quarter. Maple Brown Abbott Ltd now owns 4,103,548 shares of the technology company’s stock valued at $66,560,000 after purchasing an additional 1,706,482 shares during the period. Institutional investors and hedge funds own 19.51% of the company’s stock.

ILLEGAL ACTIVITY WARNING: This article was originally reported by Chaffey Breeze and is the sole property of of Chaffey Breeze. If you are reading this article on another publication, it was illegally stolen and republished in violation of US & international copyright & trademark legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2018/04/17/infosys-infy-rating-reiterated-by-william-blair.html.

About Infosys

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)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply