Infosys (NYSE:INFY) Upgraded to Neutral at Susquehanna

Infosys (NYSE:INFY) was upgraded by research analysts at Susquehanna from a “negative” rating to a “neutral” rating in a research note issued to investors on Monday, Marketbeat.com reports. The brokerage currently has a $17.00 price objective on the technology company’s stock. Susquehanna’s price target would indicate a potential downside of 0.15% from the stock’s previous close.

Other analysts also recently issued reports about the company. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, April 7th. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $20.03.

Infosys Price Performance

Infosys stock opened at $17.03 on Monday. The stock has a market cap of $70.52 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. The firm has a 50-day moving average of $19.19 and a two-hundred day moving average of $21.22. Infosys has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 last year, the business earned $0.18 earnings per share. Research analysts expect 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 INFY. AQR Capital Management LLC increased its position in shares of Infosys by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock worth $200,877,000 after purchasing an additional 6,693,127 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Infosys by 118.8% during the 4th quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock worth $173,437,000 after buying an additional 4,296,291 shares during the last quarter. First Trust Advisors LP increased its position in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock valued at $710,430,000 after buying an additional 4,108,903 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich raised its stake in Infosys by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock valued at $75,470,000 after buying an additional 3,045,656 shares during the last quarter. Finally, Bank of America Corp DE boosted its holdings in Infosys by 43.1% in the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company’s stock worth $180,301,000 after acquiring an additional 2,478,093 shares in the last quarter. Institutional investors 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.