Infosys (NYSE:INFY) Raised to Buy at StockNews.com

Infosys (NYSE:INFY) was upgraded by equities researchers at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

Several other equities analysts have also issued reports on the stock. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. BMO Capital Markets upped their target price on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Guggenheim restated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. 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 equities research analysts have rated the stock with a sell rating, three have given a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Infosys presently has an average rating of “Hold” and an average price target of $20.22.

Infosys Trading Up 0.8 %

Shares of INFY stock opened at $21.77 on Wednesday. The stock has a 50-day moving average of $22.49 and a 200-day moving average of $22.23. The stock has a market cap of $90.19 billion, a price-to-earnings ratio of 27.56, a PEG ratio of 3.47 and a beta of 1.00. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Sell-side analysts forecast that Infosys will post 0.74 earnings per share for the current year.

Institutional Trading of Infosys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys during the third quarter valued at about $33,000. Brooklyn Investment Group acquired a new position in Infosys during the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the 3rd quarter worth approximately $57,000. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Infosys by 25.3% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after purchasing an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC lifted its holdings in shares of Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. Institutional investors own 16.20% of the company’s stock.

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.