Goldman Sachs Group upgraded shares of Infosys (NYSE:INFY) from a neutral rating to a buy rating in a research note issued to investors on Monday, February 5th, Marketbeat Ratings reports.
A number of other brokerages also recently issued reports on INFY. UBS Group raised Infosys from a neutral rating to a buy rating in a research report on Monday, January 22nd. ValuEngine raised Infosys from a hold rating to a buy rating in a research report on Friday, February 2nd. Zacks Investment Research downgraded Infosys from a buy rating to a hold rating in a research report on Wednesday, January 17th. Morgan Stanley raised Infosys from an equal weight rating to an overweight rating in a research report on Tuesday, January 16th. Finally, Cantor Fitzgerald reaffirmed a hold rating and set a $16.00 price target on shares of Infosys in a research report on Tuesday, January 16th. Three investment analysts have rated the stock with a sell rating, nine have issued a hold rating and six have issued a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $15.77.
Shares of Infosys (NYSE:INFY) traded down $0.13 during trading hours on Monday, hitting $17.44. The company’s stock had a trading volume of 1,294,242 shares, compared to its average volume of 7,410,857. Infosys has a fifty-two week low of $13.88 and a fifty-two week high of $18.71. The stock has a market capitalization of $37,100.00, a price-to-earnings ratio of 16.11, a PEG ratio of 1.92 and a beta of 0.61.
A number of hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company boosted its position in Infosys by 2.2% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock valued at $282,000 after buying an additional 395 shares during the period. Edge Advisors LLC lifted its position in shares of Infosys by 68.3% during the 4th quarter. Edge Advisors LLC now owns 7,394 shares of the technology company’s stock worth $119,000 after purchasing an additional 3,000 shares during the last quarter. Foster & Motley Inc. lifted its position in shares of Infosys by 28.2% during the 4th quarter. Foster & Motley Inc. now owns 14,628 shares of the technology company’s stock worth $237,000 after purchasing an additional 3,221 shares during the last quarter. Community Bank & Trust Waco Texas lifted its position in shares of Infosys by 19.0% during the 4th quarter. Community Bank & Trust Waco Texas now owns 20,855 shares of the technology company’s stock worth $338,000 after purchasing an additional 3,335 shares during the last quarter. Finally, Signaturefd LLC lifted its position in shares of Infosys by 28.7% during the 4th quarter. Signaturefd LLC now owns 16,357 shares of the technology company’s stock worth $265,000 after purchasing an additional 3,652 shares during the last quarter. 19.91% of the stock is owned by institutional investors.
Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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