Infosys (NYSE:INFY) was downgraded by Credit Suisse Group from a “neutral” rating to an “underperform” rating in a research report issued on Monday, The Fly reports.

Other research analysts have also issued reports about the stock. Zacks Investment Research lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Wednesday, April 3rd. Morgan Stanley lowered shares of Infosys from an “overweight” rating to an “equal weight” rating in a research note on Monday. Citigroup lowered shares of Infosys from a “buy” rating to a “neutral” rating in a research note on Monday. HSBC lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, April 2nd. Finally, Nomura raised shares of Infosys from a “reduce” rating to a “neutral” rating in a research report on Monday, January 14th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $12.23.

Shares of NYSE INFY opened at $10.55 on Monday. The firm has a market cap of $47.68 billion, a P/E ratio of 21.10, a P/E/G ratio of 1.94 and a beta of 0.54. Infosys has a 12-month low of $8.24 and a 12-month high of $11.38.

Infosys (NYSE:INFY) last issued its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Infosys had a net margin of 18.95% and a return on equity of 24.93%. The business had revenue of $3.06 billion for the quarter, compared to analyst estimates of $3.04 billion. During the same period in the prior year, the firm earned $0.13 earnings per share. On average, analysts predict that Infosys will post 0.52 EPS for the current year.

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nkcfo LLC bought a new position in shares of Infosys during the fourth quarter valued at about $25,000. We Are One Seven LLC bought a new position in shares of Infosys during the fourth quarter valued at about $28,000. Financial Gravity Companies Inc. bought a new position in shares of Infosys during the fourth quarter valued at about $44,000. Advisory Services Network LLC increased its holdings in Infosys by 303.8% during the fourth quarter. Advisory Services Network LLC now owns 4,228 shares of the technology company’s stock worth $40,000 after buying an additional 3,181 shares during the last quarter. Finally, Guinness Asset Management Ltd increased its holdings in Infosys by 29.8% during the fourth quarter. Guinness Asset Management Ltd now owns 5,320 shares of the technology company’s stock worth $51,000 after buying an additional 1,220 shares during the last quarter. 17.81% of the stock is currently owned by institutional investors.

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.

Read More: Market Capitalization, Large-Caps, Mid-Caps, Small-Caps

The Fly

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.