Infosys (INFY) Given Negative Rating at Susquehanna Bancshares
Susquehanna Bancshares reissued their negative rating on shares of Infosys (NYSE:INFY) in a report released on Monday morning, Marketbeat Ratings reports.
A number of other brokerages have also recently issued reports on INFY. UBS Group upgraded shares of Infosys from a neutral rating to a buy rating in a report on Monday, January 22nd. ValuEngine upgraded shares of Infosys from a hold rating to a buy rating in a report on Friday, February 2nd. Zacks Investment Research cut shares of Infosys from a buy rating to a hold rating in a report on Wednesday, January 17th. Goldman Sachs Group upgraded shares of Infosys from a neutral rating to a buy rating in a report on Monday. Finally, Cantor Fitzgerald reiterated a hold rating and set a $16.00 price objective on shares of Infosys in a report on Tuesday, January 16th. Three research analysts have rated the stock with a sell rating, nine have assigned a hold rating and six have issued a buy rating to the stock. Infosys has a consensus rating of Hold and a consensus price target of $15.77.
Infosys (INFY) opened at $17.11 on Monday. The stock has a market cap of $37,986.54, a PE ratio of 17.84, a PEG ratio of 1.92 and a beta of 0.58. Infosys has a twelve month low of $13.88 and a twelve month high of $18.71.
A number of institutional investors have recently added to or reduced their stakes in INFY. Northern Trust Corp boosted its holdings in Infosys by 1.7% during the second quarter. Northern Trust Corp now owns 2,974,844 shares of the technology company’s stock worth $44,683,000 after purchasing an additional 51,150 shares during the last quarter. Vanguard Group Inc. boosted its holdings in Infosys by 1.7% during the second quarter. Vanguard Group Inc. now owns 4,772,921 shares of the technology company’s stock worth $71,689,000 after purchasing an additional 80,342 shares during the last quarter. Stifel Financial Corp boosted its holdings in Infosys by 20.9% during the second quarter. Stifel Financial Corp now owns 39,531 shares of the technology company’s stock worth $597,000 after purchasing an additional 6,825 shares during the last quarter. HighTower Advisors LLC purchased a new position in Infosys during the second quarter worth about $507,000. Finally, Janus Henderson Group PLC purchased a new position in Infosys during the second quarter worth about $13,050,000. Institutional investors and hedge funds own 19.73% of the company’s stock.
WARNING: “Infosys (INFY) Given Negative Rating at Susquehanna Bancshares” was first posted by Daily Political and is owned by of Daily Political. If you are viewing this report on another domain, it was illegally copied and reposted in violation of U.S. & international copyright & trademark legislation. The correct version of this report can be read at https://www.dailypolitical.com/2018/02/09/infosys-infy-given-negative-rating-at-susquehanna-bancshares.html.
Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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.