Infosys (NYSE:INFY) Given “Neutral” Rating at Guggenheim

Infosys (NYSE:INFY)‘s stock had its “neutral” rating reissued by equities researchers at Guggenheim in a research report issued to clients and investors on Friday,Benzinga reports.

A number of other research firms also recently weighed in on INFY. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. BMO Capital Markets increased their price objective on Infosys from $23.00 to $25.00 and gave the company a “market perform” rating in a research report on Friday, October 18th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research report on Friday, January 3rd. Investec cut shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Finally, HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $20.85.

Infosys Trading Down 5.6 %

NYSE:INFY opened at $21.61 on Friday. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The firm’s 50 day moving average is $22.54 and its 200 day moving average is $22.15. The stock has a market capitalization of $89.49 billion, a PE ratio of 27.70, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter in the previous year, the firm posted $0.18 EPS. Research analysts predict that Infosys will post 0.74 earnings per share for the current year.

Institutional Trading of Infosys

A number of hedge funds have recently made changes to their positions in the stock. Mizuho Securities Co. Ltd. purchased a new stake in shares of Infosys in the third quarter worth $33,000. Brooklyn Investment Group purchased a new position in Infosys in the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB bought a new position in Infosys during the 3rd quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. raised its holdings in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares during the last quarter. Finally, GAMMA Investing LLC lifted its position in Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares during the period. 16.20% of the stock is 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.