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

Infosys (NYSE:INFY) was downgraded by analysts at StockNews.com from a “buy” rating to a “hold” rating in a report issued on Monday.

INFY has been the topic of several other research reports. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Price Performance

Shares of Infosys stock opened at $18.99 on Monday. The stock has a market cap of $78.67 billion, a P/E ratio of 24.04, a P/E/G ratio of 3.50 and a beta of 1.01. The stock’s 50 day simple moving average is $21.49 and its 200-day simple moving average is $22.15. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last issued 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 return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the previous year, the company posted $0.18 EPS. As a group, research analysts expect that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. First Trust Advisors LP raised its holdings in Infosys by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after purchasing an additional 4,108,903 shares in the last quarter. Robeco Institutional Asset Management B.V. raised its holdings in Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company’s stock worth $566,435,000 after purchasing an additional 1,501,039 shares in the last quarter. Fisher Asset Management LLC raised its holdings in Infosys by 0.7% during the fourth quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company’s stock worth $318,221,000 after purchasing an additional 102,341 shares in the last quarter. Franklin Resources Inc. raised its holdings in Infosys by 2.0% during the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company’s stock worth $252,114,000 after purchasing an additional 229,482 shares in the last quarter. Finally, AQR Capital Management LLC raised its holdings in Infosys by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock worth $200,877,000 after purchasing an additional 6,693,127 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

About Infosys

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.