Infosys (NYSE:INFY) Stock Rating Upgraded by StockNews.com

StockNews.com upgraded shares of Infosys (NYSE:INFY) from a hold rating to a buy rating in a report published on Wednesday.

Other analysts have also issued research reports about the stock. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Guggenheim reissued a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Finally, BMO Capital Markets upped their target price on shares of Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. Two research analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Stock Performance

Shares of INFY opened at $21.62 on Wednesday. The stock has a fifty day moving average price of $22.49 and a two-hundred day moving average price of $22.23. The company has a market cap of $89.53 billion, a price-to-earnings ratio of 27.36, a PEG ratio of 3.47 and a beta of 1.00. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last issued its quarterly earnings results 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 net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the business posted $0.18 EPS. As a group, research analysts predict that Infosys will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Infosys

Several institutional investors have recently modified their holdings of INFY. International Assets Investment Management LLC bought a new position in Infosys during the 3rd quarter worth approximately $16,560,000. Nomura Asset Management Co. Ltd. increased its position in shares of Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after buying an additional 123,083 shares in the last quarter. Barclays PLC increased its holdings in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after acquiring an additional 266,902 shares in the last quarter. BNP Paribas Financial Markets raised its holdings in Infosys by 5.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after buying an additional 297,183 shares during the period. Finally, DGS Capital Management LLC increased its position in shares of Infosys by 15.9% during the third quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock worth $1,408,000 after acquiring an additional 8,692 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.