Infosys (NYSE:INFY) Upgraded at StockNews.com

Infosys (NYSE:INFY) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a report released on Wednesday.

A number of other equities research analysts have also weighed in on INFY. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. BMO Capital Markets boosted their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research report on Friday, October 18th. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Investec lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Thursday, October 3rd. Finally, Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $20.22.

Infosys Stock Up 2.2 %

Shares of Infosys stock traded up $0.47 on Wednesday, reaching $21.62. The stock had a trading volume of 9,310,696 shares, compared to its average volume of 10,188,776. Infosys has a 1 year low of $16.04 and a 1 year high of $23.63. The company has a 50 day moving average price of $22.49 and a 200 day moving average price of $22.23. The stock has a market capitalization of $89.53 billion, a P/E ratio of 27.36, a P/E/G ratio of 3.47 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 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 quarter in the prior year, the firm earned $0.18 EPS. On average, analysts forecast that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Infosys

Hedge funds have recently modified their holdings of the stock. Mizuho Securities Co. Ltd. purchased a new position in Infosys in the third quarter valued at $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys in the 4th quarter valued at about $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the 3rd quarter worth about $57,000. Whittier Trust Co. of Nevada Inc. boosted its position in 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 worth $85,000 after purchasing an additional 766 shares in the last quarter. Finally, GAMMA Investing LLC grew its holdings in Infosys by 34.3% in 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. 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.