Infosys (NYSE:INFY) Rating Increased to Outperform at CLSA

CLSA upgraded shares of Infosys (NYSE:INFY) from a hold rating to an outperform rating in a report published on Friday morning, MarketBeat.com reports.

Several other equities research analysts also recently commented on the stock. Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, January 22nd. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Two analysts have rated the stock with a sell rating, three have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Infosys currently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

Infosys Price Performance

NYSE:INFY opened at $19.84 on Friday. The firm has a 50-day moving average of $21.60 and a 200-day moving average of $22.20. The company has a market cap of $82.17 billion, a PE ratio of 25.11, a PEG ratio of 3.50 and a beta of 1.00. Infosys has a one year low of $16.04 and a one year high of $23.63.

Infosys (NYSE:INFY) last posted its earnings results on Thursday, January 16th. The technology company reported $0.19 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 firm earned $0.18 earnings per share. On average, equities research analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of INFY. Sierra Ocean LLC purchased a new position in Infosys during the fourth quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. bought a new stake in Infosys during the 3rd quarter worth approximately $33,000. Brooklyn Investment Group bought a new stake in Infosys during the 4th quarter worth approximately $52,000. Wilmington Savings Fund Society FSB bought a new stake in Infosys during the 3rd quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC increased its holdings in Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after acquiring an additional 1,279 shares during the period. 16.20% of the stock is 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.