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

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

Several other research analysts have also recently weighed in on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a research report on Monday, December 9th. Investec cut Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. 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 report on Friday, October 18th. Finally, HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, December 9th. Two investment analysts have rated the stock with a sell rating, four have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, Infosys has a consensus rating of “Hold” and an average price target of $20.85.

Infosys Trading Up 0.0 %

INFY opened at $22.63 on Friday. Infosys has a 1-year low of $16.04 and a 1-year high of $23.63. The stock’s fifty day simple moving average is $22.30 and its 200 day simple moving average is $21.91. The stock has a market cap of $93.73 billion, a PE ratio of 29.01, a price-to-earnings-growth ratio of 3.77 and a beta of 1.00.

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, hitting the consensus estimate of $0.19. The firm had revenue of $4.89 billion for the quarter, compared to analysts’ expectations of $4.89 billion. Infosys had a return on equity of 31.43% and a net margin of 17.15%. During the same quarter last year, the business earned $0.18 EPS. Equities analysts forecast that Infosys will post 0.75 earnings per share for the current 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 paid 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 yield of 1.1%. Infosys’s dividend payout ratio (DPR) is 53.85%.

Institutional Trading of Infosys

Several large investors have recently bought and sold shares of INFY. Mizuho Securities Co. Ltd. acquired a new stake in shares of Infosys during the third quarter valued at about $33,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys during the third quarter valued at about $57,000. Whittier Trust Co. of Nevada Inc. boosted its stake in shares of Infosys by 25.3% during the third quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after purchasing an additional 766 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of Infosys by 34.3% during the third quarter. GAMMA Investing LLC now owns 3,936 shares of the technology company’s stock valued at $88,000 after purchasing an additional 1,005 shares in the last quarter. Finally, Advisor Resource Council acquired a new stake in shares of Infosys during the third quarter valued at about $202,000. 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.