Infosys (NYSE:INFY) Receives “Neutral” Rating from Guggenheim

Guggenheim reiterated their neutral rating on shares of Infosys (NYSE:INFY) in a report issued on Friday,Benzinga reports.

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

Infosys Stock Down 1.9 %

Shares of INFY opened at $21.16 on Friday. The firm has a market cap of $87.65 billion, a price-to-earnings ratio of 27.13, a PEG ratio of 3.71 and a beta of 1.00. The business’s 50 day moving average is $22.54 and its two-hundred day moving average is $22.15. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period in the previous year, the firm earned $0.18 EPS. On average, equities analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Infosys Increases Dividend

The company also recently announced a semi-annual dividend, which was paid on Tuesday, October 29th. Shareholders of record on Friday, January 1st were given a $0.2126 dividend. This is a boost from Infosys’s previous semi-annual dividend of $0.20. The ex-dividend date of this dividend was Tuesday, October 29th. This represents a yield of 1.1%. Infosys’s dividend payout ratio is 53.85%.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the business. International Assets Investment Management LLC bought a new position in Infosys in the 3rd quarter valued at about $16,560,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Infosys by 22.5% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after acquiring an additional 123,083 shares during the period. Barclays PLC boosted its holdings in shares of Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. DGS Capital Management LLC increased its stake in shares of Infosys by 15.9% during the third quarter. DGS Capital Management LLC now owns 63,209 shares of the technology company’s stock valued at $1,408,000 after acquiring an additional 8,692 shares during the period. Finally, BNP Paribas Financial Markets raised its holdings in Infosys by 5.1% during the third 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. 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.