Infosys (NYSE:INFY) Upgraded at Susquehanna

Susquehanna upgraded shares of Infosys (NYSE:INFY) from a negative rating to a neutral rating in a research report released on Monday morning, Marketbeat Ratings reports. They currently have $17.00 price target on the technology company’s stock.

A number of other research analysts have also recently commented on the stock. Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. Finally, CLSA upgraded shares of Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. One research analyst has rated the stock with a sell rating, six have given a hold rating, three have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $20.03.

Infosys Stock Down 2.7 %

Shares of Infosys stock opened at $16.57 on Monday. Infosys has a twelve month low of $16.04 and a twelve month high of $23.63. The company has a 50-day simple moving average of $19.09 and a two-hundred day simple moving average of $21.19. The stock has a market capitalization of $68.63 billion, a price-to-earnings ratio of 20.97, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

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

Institutional Trading of Infosys

Several hedge funds have recently bought and sold shares of INFY. Sierra Ocean LLC bought a new stake in Infosys during the fourth quarter worth $29,000. Brooklyn Investment Group bought a new position in Infosys in the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in shares of Infosys during the 3rd quarter valued at $57,000. Farther Finance Advisors LLC increased its position in shares of Infosys by 69.7% during 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 period. Finally, GAMMA Investing LLC lifted its stake in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares in the last quarter. Institutional investors and hedge funds 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.