Infosys (NYSE:INFY) Downgraded to Hold Rating by StockNews.com

StockNews.com cut shares of Infosys (NYSE:INFY) from a buy rating to a hold rating in a report released on Thursday.

Other equities analysts have also issued reports about the company. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. CLSA upgraded Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $19.70.

Infosys Stock Performance

NYSE:INFY opened at $18.34 on Thursday. The stock has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a price-to-earnings-growth 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. The business’s 50-day simple moving average is $20.81 and its 200 day simple moving average is $21.90.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share 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 period last year, the company earned $0.18 earnings per share. On average, equities research analysts predict that Infosys will post 0.74 EPS for the current year.

Institutional Investors Weigh In On Infosys

Several large investors have recently modified their holdings of the stock. AQR Capital Management LLC boosted its position in shares of Infosys by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock worth $200,877,000 after buying an additional 6,693,127 shares during the period. Arrowstreet Capital Limited Partnership boosted its position in shares of Infosys by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company’s stock worth $173,437,000 after buying an additional 4,296,291 shares during the period. First Trust Advisors LP boosted its position in shares of Infosys by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after buying an additional 4,108,903 shares during the period. Bank Julius Baer & Co. Ltd Zurich boosted its position in shares of Infosys by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company’s stock worth $75,470,000 after buying an additional 3,045,656 shares during the period. Finally, Bank of America Corp DE raised its holdings in shares of Infosys by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company’s stock worth $180,301,000 after acquiring an additional 2,478,093 shares in the last quarter. 16.20% of the stock is owned by institutional investors.

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.