Infosys’ (INFY) “Neutral” Rating Reiterated at Guggenheim

Guggenheim restated their neutral rating on shares of Infosys (NYSE:INFY) in a research note issued to investors on Friday morning,Benzinga reports.

Several other equities analysts have also weighed in on INFY. Investec lowered Infosys from a “hold” rating to a “sell” rating in a research note on Thursday, October 3rd. BMO Capital Markets boosted their price objective 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. Hsbc Global Res raised shares of Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. HSBC upgraded shares of Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a report on Friday, January 3rd. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $20.22.

Infosys Stock Performance

Shares of INFY stock opened at $21.16 on Friday. The firm has a market capitalization of $87.65 billion, a price-to-earnings ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00. Infosys has a one year low of $16.04 and a one year high of $23.63. The company has a 50 day moving average price of $22.53 and a 200 day moving average price of $22.19.

Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS 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 business posted $0.18 earnings per share. As a group, equities analysts forecast that Infosys will post 0.74 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in INFY. Massachusetts Financial Services Co. MA lifted its stake in Infosys by 35.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 1,540,045 shares of the technology company’s stock worth $28,676,000 after purchasing an additional 402,275 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Infosys by 13.4% during the second quarter. Dimensional Fund Advisors LP now owns 6,040,195 shares of the technology company’s stock worth $112,481,000 after purchasing an additional 715,812 shares during the period. Mercer Global Advisors Inc. ADV lifted its position in shares of Infosys by 2.9% in the 2nd quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company’s stock worth $328,000 after buying an additional 505 shares during the last quarter. Vanguard Personalized Indexing Management LLC boosted its holdings in shares of Infosys by 24.4% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 28,718 shares of the technology company’s stock valued at $535,000 after buying an additional 5,642 shares during the period. Finally, Canada Pension Plan Investment Board grew its position in shares of Infosys by 37.3% during the 2nd quarter. Canada Pension Plan Investment Board now owns 21,580,344 shares of the technology company’s stock valued at $401,826,000 after buying an additional 5,862,144 shares during the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

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.