Infosys (NYSE:INFY) Stock Rating Upgraded by CLSA

Infosys (NYSE:INFY) was upgraded by equities research analysts at CLSA from a “hold” rating to an “outperform” rating in a report released on Friday,Briefing.com Automated Import reports.

Other equities research analysts have also issued research reports about the stock. HSBC raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. StockNews.com upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Finally, Guggenheim reaffirmed a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $20.22.

Infosys Price Performance

Infosys stock opened at $19.75 on Friday. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The firm’s 50 day simple moving average is $21.65 and its 200-day simple moving average is $22.22. The company has a market cap of $81.79 billion, a P/E ratio of 24.99, a price-to-earnings-growth ratio of 3.50 and a beta of 1.00.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the company posted $0.18 EPS. On average, analysts expect that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Investors Weigh In On Infosys

Several hedge funds have recently modified their holdings of the business. SG Americas Securities LLC acquired a new position in Infosys during the 4th quarter valued at $311,000. Haven Global Partners LLC bought a new position in shares of Infosys during the 4th quarter worth about $4,078,000. Nomura Asset Management Co. Ltd. raised its position in shares of Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after buying an additional 123,083 shares during the last quarter. Barclays PLC lifted its stake in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after buying an additional 266,902 shares during the period. Finally, BNP Paribas Financial Markets grew its position in Infosys by 5.1% during the third quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after buying an additional 297,183 shares in the last quarter. 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.