Goldman Sachs Group Upgrades Infosys (NYSE:INFY) to “Buy”

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.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $2.76 billion during the quarter, compared to analyst estimates of $2.74 billion. Infosys had a return on equity of 21.31% and a net margin of 22.97%. During the same quarter in the previous year, the business earned $0.24 earnings per share. equities research analysts predict that Infosys will post 1 earnings per share for the current year.

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.

ILLEGAL ACTIVITY WARNING: “Goldman Sachs Group Upgrades Infosys (NYSE:INFY) to “Buy”” was originally posted by Week Herald and is owned by of Week Herald. If you are viewing this story on another site, it was copied illegally and republished in violation of U.S. and international trademark & copyright legislation. The correct version of this story can be read at https://weekherald.com/2018/02/15/infosys-infy-raised-to-buy-at-goldman-sachs-group.html.

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.

Analyst Recommendations for Infosys (NYSE:INFY)

Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply