StockNews.com Upgrades Infosys (NYSE:INFY) to “Buy”

Infosys (NYSE:INFY) was upgraded by investment analysts at StockNews.com from a “hold” rating to a “buy” rating in a report issued on Wednesday.

A number of other equities analysts have also commented on INFY. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted 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. Finally, Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $20.22.

Infosys Stock Performance

INFY stock opened at $21.77 on Wednesday. Infosys has a 52 week low of $16.04 and a 52 week high of $23.63. The company has a market capitalization of $90.19 billion, a PE ratio of 27.56, a price-to-earnings-growth ratio of 3.47 and a beta of 1.00. The company’s 50-day simple moving average is $22.49 and its 200 day simple moving average is $22.23.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter last year, the firm posted $0.18 EPS. On average, analysts forecast that Infosys will post 0.74 EPS for the current year.

Institutional Trading of Infosys

Hedge funds have recently added to or reduced their stakes in the stock. Mizuho Securities Co. Ltd. bought a new position in shares of Infosys in the 3rd quarter valued at $33,000. Brooklyn Investment Group bought a new position in Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys during the third quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. grew its holdings in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock worth $85,000 after purchasing an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in shares of Infosys by 34.3% in the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after buying an additional 1,005 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Company Profile

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.