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

Infosys (NYSE:INFY) was downgraded by equities research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued on Wednesday.

INFY has been the topic of a number of other research reports. Susquehanna upgraded shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a research report on Monday, April 14th. BMO Capital Markets dropped their target price on Infosys from $25.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday. Investec upgraded Infosys from a “sell” rating to a “buy” rating in a research report on Friday. The Goldman Sachs Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating and set a $17.90 price objective for the company. in a research note on Monday. Finally, Guggenheim reissued a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Seven research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $17.48.

Infosys Stock Performance

Infosys stock opened at $16.89 on Wednesday. Infosys has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The company has a market capitalization of $69.96 billion, a price-to-earnings ratio of 21.38, a PEG ratio of 3.50 and a beta of 0.97. The stock has a fifty day moving average of $18.66 and a two-hundred day moving average of $21.01.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The firm had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the company posted $0.23 EPS. On average, analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently bought and sold shares of INFY. Barclays PLC increased its position in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after acquiring an additional 266,902 shares in the last quarter. Tudor Financial Inc. acquired a new stake in Infosys in the 3rd quarter valued at $496,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys in the third quarter valued at about $57,000. Tidal Investments LLC lifted its stake in shares of Infosys by 31.6% during the third quarter. Tidal Investments LLC now owns 42,315 shares of the technology company’s stock worth $942,000 after purchasing an additional 10,149 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Infosys by 2.9% in the third quarter. Franklin Resources Inc. now owns 11,272,051 shares of the technology company’s stock worth $263,315,000 after buying an additional 322,648 shares during the period. Hedge funds and other institutional investors 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.