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

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

Several other research firms have also commented on INFY. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research note 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. CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Infosys presently has an average rating of “Hold” and an average price target of $19.70.

Infosys Stock Performance

Shares of NYSE INFY opened at $18.34 on Thursday. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.81. The stock has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.50 and a beta of 1.01. The firm’s 50-day simple moving average is $20.81 and its 200 day simple moving average is $21.91.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting 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 earnings per share. On average, sell-side analysts predict that Infosys will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Infosys

Large investors have recently modified their holdings of the stock. Sierra Ocean LLC bought a new stake in Infosys during the 4th quarter valued at $29,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the 3rd quarter valued at $57,000. Farther Finance Advisors LLC raised its holdings in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after acquiring an additional 1,279 shares during the period. Finally, GAMMA Investing LLC raised its holdings in Infosys by 14.2% during the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after acquiring an additional 560 shares during the period. Hedge funds and other institutional investors own 16.20% of the company’s stock.

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.