Infosys (NYSE:INFY) Rating Lowered to Hold at StockNews.com

Infosys (NYSE:INFY) was downgraded by research analysts at StockNews.com from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.

A number of other 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. Macquarie upgraded Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Erste Group Bank raised Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. Finally, BMO Capital Markets upped 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. Two investment analysts have rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, Infosys currently has a consensus rating of “Hold” and an average target price of $20.85.

Infosys Stock Performance

NYSE:INFY opened at $22.16 on Monday. The firm has a market capitalization of $91.74 billion, a PE ratio of 29.16, a PEG ratio of 3.68 and a beta of 0.99. The stock’s fifty day moving average is $22.70 and its 200 day moving average is $20.06. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.48.

Infosys (NYSE:INFY) last announced its earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.18% and a return on equity of 32.01%. The business had revenue of $4.89 billion for the quarter, compared to the consensus estimate of $4.89 billion. During the same quarter in the prior year, the firm posted $0.18 earnings per share. Equities analysts forecast that Infosys will post 0.75 EPS for the current year.

Hedge Funds Weigh In On Infosys

Hedge funds and other institutional investors have recently bought and sold shares of the business. Wellington Management Group LLP boosted its holdings in Infosys by 539.8% during the fourth quarter. Wellington Management Group LLP now owns 2,010,636 shares of the technology company’s stock worth $36,955,000 after buying an additional 1,696,378 shares in the last quarter. GAMMA Investing LLC increased its stake in Infosys by 33.0% during the 1st quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock worth $43,000 after buying an additional 593 shares in the last quarter. DGS Capital Management LLC raised its stake in Infosys by 13.4% in the 1st quarter. DGS Capital Management LLC now owns 51,024 shares of the technology company’s stock valued at $915,000 after purchasing an additional 6,048 shares during the last quarter. Janiczek Wealth Management LLC lifted its holdings in Infosys by 10.0% in the 1st quarter. Janiczek Wealth Management LLC now owns 22,438 shares of the technology company’s stock valued at $402,000 after purchasing an additional 2,039 shares in the last quarter. Finally, Artemis Investment Management LLP boosted its stake in Infosys by 20.8% during the 1st quarter. Artemis Investment Management LLP now owns 84,193 shares of the technology company’s stock worth $1,510,000 after purchasing an additional 14,500 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.