Infosys (NYSE:INFY - Get Free Report) was downgraded by investment analysts at StockNews.com from a "buy" rating to a "hold" rating in a research report issued on Wednesday.
INFY has been the subject of a number of other reports. Stifel Nicolaus decreased their price target on Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. BMO Capital Markets decreased their price target on Infosys from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Susquehanna raised Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price for the company in a report on Monday, April 14th. Guggenheim reissued a "neutral" rating on shares of Infosys in a report on Friday, January 17th. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Seven analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $17.48.
Check Out Our Latest Research Report on Infosys
Infosys Trading Down 0.3 %
INFY traded down $0.06 on Wednesday, hitting $17.34. 7,546,895 shares of the company were exchanged, compared to its average volume of 9,638,877. The company has a market cap of $71.82 billion, a price-to-earnings ratio of 21.95, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. The firm has a 50-day moving average price of $18.33 and a two-hundred day moving average price of $20.84. Infosys has a twelve month low of $15.82 and a twelve month high of $23.63.
Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the business earned $0.23 EPS. Equities analysts expect that Infosys will post 0.74 EPS for the current year.
Hedge Funds Weigh In On Infosys
A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Principal Financial Group Inc. grew its position in Infosys by 272.8% in the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock valued at $2,782,000 after buying an additional 111,553 shares during the last quarter. Novem Group lifted its holdings in Infosys by 35.9% in the first quarter. Novem Group now owns 50,608 shares of the technology company's stock valued at $924,000 after acquiring an additional 13,382 shares during the period. Naviter Wealth LLC lifted its holdings in Infosys by 1.2% in the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock valued at $1,654,000 after acquiring an additional 1,109 shares during the period. Diversified Trust Co lifted its holdings in Infosys by 204.9% in the first quarter. Diversified Trust Co now owns 66,560 shares of the technology company's stock valued at $1,215,000 after acquiring an additional 44,728 shares during the period. Finally, Perpetual Ltd raised its stake in shares of Infosys by 72.6% during the 1st quarter. Perpetual Ltd now owns 1,176,543 shares of the technology company's stock worth $21,472,000 after buying an additional 494,814 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.
About Infosys
(
Get Free Report)
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.
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