Infosys (NYSE:INFY) Upgraded by Susquehanna to “Neutral” Rating

Susquehanna upgraded shares of Infosys (NYSE:INFY) from a negative rating to a neutral rating in a research note published on Monday morning, Marketbeat.com reports. They currently have $17.00 price objective on the technology company’s stock.

Several other research firms also recently issued reports on INFY. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Finally, StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, April 7th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $20.70.

Infosys Price Performance

Infosys stock opened at $16.99 on Monday. The stock has a market cap of $70.37 billion, a PE ratio of 21.51, a P/E/G ratio of 3.50 and a beta of 0.97. The stock’s fifty day moving average is $19.29 and its two-hundred day moving average is $21.25. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting 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 quarter last year, the firm posted $0.18 EPS. On average, research analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of INFY. Sierra Ocean LLC acquired a new position in Infosys in the 4th quarter valued at $29,000. Brooklyn Investment Group purchased a new stake in shares of Infosys in the fourth quarter valued at about $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys during the third quarter worth about $57,000. Farther Finance Advisors LLC lifted its position in Infosys by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC boosted its holdings in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares in 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.