Infosys (NYSE:INFY) Cut to “Hold” at StockNews.com

StockNews.com downgraded shares of Infosys (NYSE:INFY) from a buy rating to a hold rating in a research note published on Friday.

INFY has been the topic of a number of other reports. BMO Capital Markets boosted their price target on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. Investec cut Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $20.85.

Infosys Trading Up 0.0 %

Shares of INFY stock opened at $22.63 on Friday. The company has a market capitalization of $93.73 billion, a P/E ratio of 29.01, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00. The business’s 50 day moving average is $22.28 and its two-hundred day moving average is $21.84. Infosys has a twelve month low of $16.04 and a twelve month high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. The firm had revenue of $4.89 billion for the quarter, compared to analyst estimates of $4.89 billion. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period last year, the firm posted $0.18 EPS. As a group, equities analysts predict that Infosys will post 0.75 earnings per share for the current fiscal year.

Infosys Increases Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Tuesday, October 29th. Investors of record on Friday, January 1st were given a $0.2126 dividend. The ex-dividend date was Tuesday, October 29th. This is a positive change from Infosys’s previous semi-annual dividend of $0.20. This represents a dividend yield of 1.1%. Infosys’s payout ratio is currently 53.85%.

Institutional Trading of Infosys

Several large investors have recently modified their holdings of INFY. Mercer Global Advisors Inc. ADV boosted its stake in shares of Infosys by 2.9% during the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock valued at $328,000 after acquiring an additional 505 shares during the last quarter. Canopy Partners LLC grew its holdings in shares of Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company’s stock worth $381,000 after buying an additional 522 shares in the last quarter. Outlook Wealth Advisors LLC raised its position in shares of Infosys by 3.0% in the third quarter. Outlook Wealth Advisors LLC now owns 17,897 shares of the technology company’s stock valued at $399,000 after buying an additional 526 shares during the last quarter. GAMMA Investing LLC lifted its stake in shares of Infosys by 14.2% during the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after buying an additional 560 shares during the period. Finally, D Orazio & Associates Inc. lifted its stake in shares of Infosys by 4.1% during the 2nd quarter. D Orazio & Associates Inc. now owns 14,724 shares of the technology company’s stock worth $274,000 after purchasing an additional 584 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

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.