Infosys (NYSE:INFY) Downgraded by StockNews.com to “Hold”

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

Several other analysts have also recently issued reports on the stock. Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a report 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 Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Two analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $19.70.

Infosys Stock Performance

NYSE:INFY opened at $18.57 on Thursday. The stock has a market cap of $76.92 billion, a price-to-earnings ratio of 23.51, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. Infosys has a one year low of $16.04 and a one year high of $23.81. The business’s 50-day simple moving average is $21.00 and its 200 day simple moving average is $21.97.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm posted $0.18 EPS. On average, equities research analysts predict that Infosys will post 0.74 EPS for the current year.

Hedge Funds Weigh In On Infosys

Large investors have recently bought and sold shares of the business. Sierra Ocean LLC bought a new position in shares of Infosys during the fourth quarter valued at approximately $29,000. Brooklyn Investment Group bought a new position in Infosys during the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new stake in Infosys in the third quarter worth $57,000. Farther Finance Advisors LLC increased its position in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $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 fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during 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.