Infosys (NYSE:INFY) Stock Rating Lowered by StockNews.com

StockNews.com cut shares of Infosys (NYSE:INFY - Free Report) from a buy rating to a hold rating in a research note published on Thursday.

Several other equities analysts have also recently weighed in on the stock. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Hsbc Global Res upgraded shares of Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. HSBC upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Finally, Guggenheim restated a "neutral" rating on shares of Infosys in a research note on Friday, January 17th. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average target price of $19.70.

Infosys Trading Up 1.5 %

NYSE:INFY traded up $0.28 during trading hours on Thursday, reaching $18.34. The company had a trading volume of 18,677,612 shares, compared to its average volume of 9,363,067. The firm has a market cap of $75.96 billion, a price-to-earnings ratio of 23.21, a PEG ratio of 3.50 and a beta of 1.01. The firm's 50 day moving average price is $20.81 and its 200-day moving average price is $21.90. Infosys has a 52 week low of $16.04 and a 52 week high of $23.81.

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Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS 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 period last year, the company earned $0.18 earnings per share. On average, analysts forecast that Infosys will post 0.74 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infosys

A number of hedge funds have recently added to or reduced their stakes in the stock. Fairtree Asset Management Pty Ltd purchased a new stake in shares of Infosys during the 4th quarter worth $130,000. Wealth Enhancement Advisory Services LLC lifted its position in shares of Infosys by 6.8% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 93,792 shares of the technology company's stock valued at $2,056,000 after buying an additional 5,998 shares during the last quarter. Employees Retirement System of Texas lifted its position in shares of Infosys by 539.1% during the fourth quarter. Employees Retirement System of Texas now owns 78,699 shares of the technology company's stock valued at $1,725,000 after buying an additional 66,385 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Infosys by 159.1% in the 4th quarter. Mackenzie Financial Corp now owns 463,502 shares of the technology company's stock valued at $10,160,000 after buying an additional 284,599 shares in the last quarter. Finally, Public Employees Retirement System of Ohio grew its position in shares of Infosys by 27.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,069,502 shares of the technology company's stock worth $45,363,000 after buying an additional 451,245 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Infosys Company Profile

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.