Infosys (NYSE:INFY) Reaches New 1-Year Low – What’s Next?

Infosys Limited (NYSE:INFY)’s stock price hit a new 52-week low on Thursday . The company traded as low as $15.82 and last traded at $16.10, with a volume of 4725399 shares traded. The stock had previously closed at $16.58.

Analysts Set New Price Targets

INFY has been the subject of several research analyst reports. Investec raised shares of Infosys from a “sell” rating to a “buy” rating in a research note on Friday. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a report on Tuesday. Susquehanna raised Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target for the company in a research note on Monday, April 14th. Stifel Nicolaus reduced their price objective on Infosys from $22.00 to $18.00 and set a “hold” rating on the stock in a research note on Tuesday. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Six research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.03.

Infosys Trading Down 2.7 %

The stock has a market cap of $66.84 billion, a P/E ratio of 20.43, a P/E/G ratio of 3.50 and a beta of 0.97. The company has a 50-day moving average price of $18.85 and a two-hundred day moving average price of $21.10.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. Infosys had a return on equity of 31.60% and a net margin of 17.28%. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. As a group, equities analysts forecast that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the stock. SG Americas Securities LLC bought a new position in Infosys in the 4th quarter worth about $311,000. Jones Financial Companies Lllp boosted its holdings in shares of Infosys by 15.9% in the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,030 shares during the period. Haven Global Partners LLC bought a new position in Infosys in the fourth quarter worth approximately $4,078,000. Barclays PLC increased its holdings in Infosys by 11.8% during the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares during the period. Finally, Farther Finance Advisors LLC raised its position in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares in the last quarter. Hedge funds and other 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.