StockNews.com Downgrades Infosys (NYSE:INFY) to Hold

StockNews.com lowered shares of Infosys (NYSE:INFY - Free Report) from a buy rating to a hold rating in a report published on Tuesday.

Several other equities analysts have also recently commented on INFY. Susquehanna raised 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. Guggenheim reaffirmed a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, CLSA raised shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $20.03.

Infosys Stock Performance

Shares of Infosys stock traded down $0.44 on Tuesday, hitting $16.14. The company had a trading volume of 20,714,101 shares, compared to its average volume of 9,637,565. Infosys has a 1 year low of $15.82 and a 1 year high of $23.63. The stock has a 50 day moving average of $18.85 and a 200-day moving average of $21.10. The stock has a market capitalization of $66.84 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY - Get Free Report) last posted its quarterly earnings data 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. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period in the previous year, the firm earned $0.23 EPS. Equities analysts anticipate that Infosys will post 0.74 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the company. Rakuten Securities Inc. grew its position in Infosys by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after buying an additional 1,067 shares in the last quarter. Sierra Ocean LLC bought a new position in shares of Infosys in the fourth quarter worth approximately $29,000. Brooklyn Investment Group purchased a new stake in Infosys in the fourth quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB purchased a new position in Infosys in the 3rd quarter worth approximately $57,000. Finally, Farther Finance Advisors LLC raised its position in shares of Infosys by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after buying an additional 1,279 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

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.