Infosys (NYSE:INFY) Upgraded to Outperform at CLSA

CLSA upgraded shares of Infosys (NYSE:INFY) from a hold rating to an outperform rating in a report published on Friday morning, MarketBeat.com reports.

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

Infosys Price Performance

INFY stock opened at $19.84 on Friday. Infosys has a one year low of $16.04 and a one year high of $23.63. The stock has a market cap of $82.17 billion, a PE ratio of 25.11, a P/E/G ratio of 3.50 and a beta of 1.00. The firm has a 50 day simple moving average of $21.60 and a two-hundred day simple moving average of $22.20.

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

Institutional Investors Weigh In On Infosys

Institutional investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC purchased a new stake in Infosys during the 4th quarter valued at $311,000. Haven Global Partners LLC purchased a new stake in Infosys during the 4th quarter valued at $4,078,000. Nomura Asset Management Co. Ltd. boosted its position in Infosys by 22.5% during the 3rd 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 period. Barclays PLC raised its holdings in Infosys by 11.8% in the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in Infosys by 5.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 6,072,537 shares of the technology company’s stock worth $135,235,000 after purchasing an additional 297,183 shares in the last quarter. 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.