CLSA Upgrades Infosys (NYSE:INFY) to Outperform

Infosys (NYSE:INFY) was upgraded by CLSA from a “hold” rating to an “outperform” rating in a research note issued on Friday, MarketBeat.com reports.

A number of other equities research analysts have also recently weighed in on INFY. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res upgraded shares of Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.22.

Infosys Price Performance

NYSE INFY opened at $19.84 on Friday. The stock has a market capitalization of $82.17 billion, a P/E ratio of 25.11, a PEG ratio of 3.50 and a beta of 1.01. The firm’s 50-day moving average is $21.60 and its two-hundred day moving average is $22.20. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 company posted $0.18 EPS. As a group, analysts anticipate that Infosys will post 0.74 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in shares of Infosys during the 4th quarter worth $29,000. Mizuho Securities Co. Ltd. acquired a new stake in Infosys in the third quarter valued at $33,000. Brooklyn Investment Group purchased a new stake in Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new position in shares of Infosys during the 3rd quarter worth about $57,000. Finally, Farther Finance Advisors LLC increased its holdings in shares of Infosys by 69.7% in 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 last quarter. Institutional investors and hedge funds 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.