Infosys (NYSE:INFY) Rating Lowered to “Hold” at StockNews.com

StockNews.com downgraded shares of Infosys (NYSE:INFY) from a buy rating to a hold rating in a research report sent to investors on Thursday.

Several other research analysts have also recently issued reports on INFY. Guggenheim reissued 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 research note on Monday, December 9th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Finally, CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $19.70.

Infosys Stock Performance

Shares of INFY opened at $18.05 on Thursday. The stock has a 50-day moving average of $20.90 and a two-hundred day moving average of $21.94. The stock has a market cap of $74.74 billion, a P/E ratio of 22.84, a P/E/G 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.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 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 company earned $0.18 EPS. Analysts predict that Infosys will post 0.74 EPS for the current fiscal year.

Hedge Funds Weigh In On Infosys

A number of hedge funds have recently bought and sold shares of INFY. Sierra Ocean LLC acquired a new position in shares of Infosys during the 4th quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in Infosys in the 4th quarter worth $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys during the third quarter worth $57,000. Farther Finance Advisors LLC grew its position in shares of Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC increased its stake 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 purchasing an additional 560 shares in the last quarter. Hedge funds and other 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.