Infosys (NYSE:INFY) Lowered to Hold Rating by StockNews.com

StockNews.com cut shares of Infosys (NYSE:INFY) from a buy rating to a hold rating in a research note released on Tuesday morning.

A number of other brokerages have also issued reports on INFY. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, Susquehanna raised Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price objective for the company in a research report on Monday. One research analyst has rated the stock with a sell rating, six have assigned a hold rating, three have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Infosys has a consensus rating of “Hold” and an average target price of $20.03.

Infosys Stock Performance

Shares of NYSE:INFY opened at $17.03 on Tuesday. The business’s fifty day moving average price is $19.19 and its two-hundred day moving average price is $21.22. The stock has a market cap of $70.52 billion, a PE ratio of 21.55, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 quarter last year, the company earned $0.18 EPS. As a group, equities research analysts predict that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new stake in Infosys during the fourth quarter worth about $29,000. Brooklyn Investment Group acquired a new stake in Infosys during the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys in the third quarter valued at approximately $57,000. Farther Finance Advisors LLC lifted its position in Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after buying an additional 1,279 shares in the last quarter. Finally, GAMMA Investing LLC grew its stake in Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.

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.