Infosys (NYSE:INFY) Upgraded at StockNews.com

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

INFY has been the topic of a number of other research reports. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Guggenheim restated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. 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 assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Infosys presently has a consensus rating of “Hold” and an average target price of $19.70.

Infosys Trading Up 1.3 %

INFY stock traded up $0.22 on Monday, hitting $16.80. 23,309,914 shares of the company’s stock traded hands, compared to its average volume of 9,562,446. The stock has a market cap of $69.57 billion, a price-to-earnings ratio of 21.26, a P/E/G ratio of 3.50 and a beta of 0.97. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The stock has a fifty day moving average of $19.99 and a 200-day moving average of $21.52.

Infosys (NYSE:INFY) last announced its quarterly earnings data 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 quarter in the prior year, the firm posted $0.18 earnings per share. On average, equities research analysts anticipate that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in INFY. BHK Investment Advisors LLC grew its holdings in shares of Infosys by 2.3% during the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock valued at $499,000 after acquiring an additional 507 shares in the last quarter. Outlook Wealth Advisors LLC grew its stake in Infosys by 2.8% in the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company’s stock valued at $403,000 after purchasing an additional 508 shares in the last quarter. GAMMA Investing LLC increased its position in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock worth $99,000 after purchasing an additional 560 shares during the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Infosys by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock worth $229,000 after purchasing an additional 579 shares in the last quarter. Finally, Flagship Harbor Advisors LLC lifted its holdings in shares of Infosys by 6.2% during the 4th quarter. Flagship Harbor Advisors LLC now owns 11,026 shares of the technology company’s stock valued at $242,000 after buying an additional 641 shares during the last quarter. Institutional investors and hedge funds 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.