Stifel Nicolaus Issues Pessimistic Forecast for Infosys (NYSE:INFY) Stock Price

Infosys (NYSE:INFY) had its price target decreased by equities researchers at Stifel Nicolaus from $22.00 to $18.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage presently has a “hold” rating on the technology company’s stock. Stifel Nicolaus’ price objective indicates a potential upside of 5.73% from the stock’s current price.

A number of other equities analysts have also commented on INFY. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Monday. One investment analyst has rated the stock with a sell rating, six have issued a hold rating, three have issued a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, Infosys has an average rating of “Hold” and a consensus target price of $20.03.

Infosys Price Performance

Shares of NYSE INFY traded up $0.02 during mid-day trading on Tuesday, reaching $17.03. 5,627,445 shares of the company’s stock were exchanged, compared to its average volume of 11,710,521. Infosys has a 52 week low of $16.04 and a 52 week high of $23.63. The firm has a 50-day moving average price of $19.29 and a two-hundred day moving average price of $21.25. The firm has a market capitalization of $70.52 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the prior year, the company earned $0.18 earnings per share. As a group, sell-side analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Trading of Infosys

Several large investors have recently modified their holdings of the company. Sierra Ocean LLC bought a new position in shares of Infosys in the 4th quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys during the third quarter valued at $57,000. Farther Finance Advisors LLC increased its position in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after buying an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC lifted its position in shares of Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

Infosys Company Profile

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.