Infosys (NYSE:INFY) Cut to Hold at StockNews.com

StockNews.com lowered shares of Infosys (NYSE:INFY) from a buy rating to a hold rating in a report issued on Monday.

A number of other equities research analysts also recently commented on INFY. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim reiterated a “neutral” rating on shares of Infosys in a report on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Down 2.5 %

Shares of INFY opened at $18.51 on Monday. Infosys has a 12-month low of $16.04 and a 12-month high of $23.63. The firm has a market capitalization of $76.65 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.50 and a beta of 1.01. The stock’s fifty day simple moving average is $21.42 and its 200-day simple moving average is $22.13.

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, meeting 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 last year, the firm earned $0.18 EPS. Analysts anticipate that Infosys will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Infosys

Large investors have recently modified their holdings of the business. BHK Investment Advisors LLC boosted its position in shares of Infosys by 2.3% during the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock worth $499,000 after buying an additional 507 shares during the period. Outlook Wealth Advisors LLC boosted its position in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock worth $403,000 after buying an additional 508 shares during the period. Canopy Partners LLC boosted its position in shares of Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after buying an additional 522 shares during the period. GAMMA Investing LLC boosted its position in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after buying an additional 560 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its position in shares of Infosys by 5.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock worth $229,000 after buying an additional 579 shares during the period. 16.20% of the stock is currently owned by institutional investors.

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.