Infosys (NYSE:INFY) Price Target Lowered to $18.00 at Stifel Nicolaus

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

Other equities analysts have also issued reports about the stock. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Susquehanna upgraded Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price objective for the company in a report on Monday. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. Finally, StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and an average target price of $20.03.

Infosys Price Performance

Shares of Infosys stock traded up $0.02 during midday trading on Tuesday, hitting $17.03. 5,627,445 shares of the company were exchanged, compared to its average volume of 11,710,521. The firm has a 50 day simple moving average of $19.29 and a 200-day simple moving average of $21.25. Infosys has a 52 week low of $16.04 and a 52 week high of $23.63. The firm has a market cap of $70.52 billion, a P/E ratio of 21.55, a PEG ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the business posted $0.18 EPS. Equities research analysts expect that Infosys will post 0.74 earnings per share for the current year.

Institutional Investors Weigh In On Infosys

Several large investors have recently modified their holdings of the company. AQR Capital Management LLC increased its stake in shares of Infosys by 270.9% in the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock valued at $200,877,000 after acquiring an additional 6,693,127 shares in the last quarter. Arrowstreet Capital Limited Partnership increased its stake in Infosys by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock valued at $173,437,000 after purchasing an additional 4,296,291 shares in the last quarter. First Trust Advisors LP raised its holdings in shares of Infosys by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after purchasing an additional 4,108,903 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Infosys by 1,668.3% during the 4th quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after purchasing an additional 3,045,656 shares in the last quarter. Finally, Bank of America Corp DE grew its stake in shares of Infosys by 43.1% in the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company’s stock valued at $180,301,000 after buying an additional 2,478,093 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.