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

Infosys (NYSE:INFY)‘s stock had its “neutral” rating reaffirmed by research analysts at Guggenheim in a research note issued on Friday,Benzinga reports.

A number of other equities research analysts also recently weighed in on INFY. BMO Capital Markets raised their price target on Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday, October 18th. HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Monday, December 9th. Investec downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Friday, January 3rd. Finally, Hsbc Global Res raised Infosys from a “hold” rating to a “strong-buy” rating in a research note on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Infosys presently has an average rating of “Hold” and an average target price of $20.22.

Infosys Price Performance

INFY opened at $21.16 on Friday. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The business has a 50-day moving average of $22.53 and a 200-day moving average of $22.17. The company has a market capitalization of $87.65 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting 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 prior year, the firm posted $0.18 earnings per share. On average, equities research analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Trading of Infosys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC acquired a new stake in Infosys in the 4th quarter valued at approximately $311,000. Simon Quick Advisors LLC grew its holdings in shares of Infosys by 10.5% during the 4th quarter. Simon Quick Advisors LLC now owns 10,657 shares of the technology company’s stock worth $234,000 after purchasing an additional 1,014 shares in the last quarter. Atomi Financial Group Inc. grew its holdings in shares of Infosys by 1.7% during the 4th quarter. Atomi Financial Group Inc. now owns 38,263 shares of the technology company’s stock worth $839,000 after purchasing an additional 655 shares in the last quarter. Perpetual Ltd grew its holdings in shares of Infosys by 20.3% during the 4th quarter. Perpetual Ltd now owns 681,729 shares of the technology company’s stock worth $14,944,000 after purchasing an additional 115,068 shares in the last quarter. Finally, Ballentine Partners LLC grew its holdings in shares of Infosys by 6.8% during the 4th quarter. Ballentine Partners LLC now owns 82,824 shares of the technology company’s stock worth $1,816,000 after purchasing an additional 5,307 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

About Infosys

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.