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

Infosys (NYSE:INFY - Get Free Report) was upgraded by equities researchers at StockNews.com from a "hold" rating to a "buy" rating in a note issued to investors on Monday.

INFY has been the subject of several other research reports. HSBC upgraded Infosys from a "hold" rating to a "buy" rating in a report on Monday, December 9th. CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, Hsbc Global Res raised shares of Infosys from a "hold" rating to a "strong-buy" rating in a research note on Monday, December 9th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $19.70.

Infosys Stock Performance

Shares of INFY traded down $0.13 during mid-day trading on Monday, reaching $16.86. The stock had a trading volume of 15,133,426 shares, compared to its average volume of 9,672,555. The firm has a market cap of $69.81 billion, a price-to-earnings ratio of 21.34, a PEG ratio of 3.50 and a beta of 0.97. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The business has a fifty day moving average of $19.40 and a 200 day moving average of $21.30.

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

Hedge Funds Weigh In On Infosys

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. First Trust Advisors LP grew its position in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after purchasing an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in Infosys by 6.2% during the fourth quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after buying an additional 1,501,039 shares during the period. Fisher Asset Management LLC raised its stake in shares of Infosys by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock worth $318,221,000 after buying an additional 102,341 shares during the period. Franklin Resources Inc. increased its stake in Infosys by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after buying an additional 229,482 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in shares of Infosys by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

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.