Infosys (NYSE:INFY) Given “Hold” Rating at HSBC

Infosys (NYSE:INFY)‘s stock had its “hold” rating reaffirmed by equities research analysts at HSBC in a research note issued on Friday, Benzinga reports. They currently have a $20.10 target price on the technology company’s stock. HSBC’s price objective would indicate a potential upside of 19.57% from the stock’s previous close.

Several other analysts have also issued reports on INFY. Bank of America upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. BMO Capital Markets upped their price target on Infosys from $18.00 to $21.00 and gave the company a “market perform” rating in a report on Friday, January 12th. BNP Paribas initiated coverage on Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price objective on the stock. UBS Group upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Wednesday, January 3rd. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $19.27.

Infosys Trading Up 1.8 %

NYSE:INFY opened at $16.81 on Friday. The firm has a market capitalization of $69.58 billion, a PE ratio of 22.12, a PEG ratio of 2.18 and a beta of 0.93. The firm’s fifty day simple moving average is $18.80 and its 200 day simple moving average is $18.34. Infosys has a 1 year low of $14.71 and a 1 year high of $20.74.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 33.26% and a net margin of 17.06%. During the same quarter in the prior year, the company earned $0.18 EPS. As a group, analysts anticipate that Infosys will post 0.76 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the company. Marshall Financial Group LLC increased its stake in shares of Infosys by 8.8% in the first quarter. Marshall Financial Group LLC now owns 57,080 shares of the technology company’s stock valued at $1,023,000 after buying an additional 4,602 shares in the last quarter. Sivia Capital Partners LLC boosted its position in Infosys by 8.9% in the 1st quarter. Sivia Capital Partners LLC now owns 24,571 shares of the technology company’s stock valued at $441,000 after buying an additional 2,008 shares during the last quarter. Naviter Wealth LLC raised its position in shares of Infosys by 13.5% during the first quarter. Naviter Wealth LLC now owns 75,779 shares of the technology company’s stock worth $1,359,000 after acquiring an additional 9,027 shares during the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH lifted its stake in shares of Infosys by 8.6% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 342,755 shares of the technology company’s stock valued at $6,146,000 after acquiring an additional 27,056 shares during the period. Finally, Allspring Global Investments Holdings LLC boosted its holdings in Infosys by 6.5% in the first quarter. Allspring Global Investments Holdings LLC now owns 1,857,531 shares of the technology company’s stock valued at $33,306,000 after acquiring an additional 112,790 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.