Infosys (NYSE:INFY) Downgraded 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 report released on Thursday.

Other equities research analysts have also issued reports about the company. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $19.70.

Infosys Trading Down 2.8 %

Shares of INFY opened at $18.05 on Thursday. The firm has a market capitalization of $74.74 billion, a P/E ratio of 22.84, a P/E/G ratio of 3.50 and a beta of 1.01. Infosys has a 12-month low of $16.04 and a 12-month high of $23.81. The firm has a fifty day moving average price of $20.90 and a 200-day moving average price of $21.94.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting 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 period in the prior year, the company posted $0.18 EPS. Analysts predict that Infosys will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently modified their holdings of the company. Sierra Ocean LLC acquired a new position in shares of Infosys during the fourth quarter worth $29,000. Brooklyn Investment Group purchased a new position in Infosys during the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the 3rd quarter valued at about $57,000. Farther Finance Advisors LLC raised its stake in Infosys by 69.7% in 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 during the last quarter. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after acquiring an additional 560 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.