Infosys (NYSE:INFY) was downgraded by Nomura from a “neutral” rating to a “reduce” rating in a research note issued on Monday, Benzinga’s Daily Ratings Newsletter reports.

Several other research analysts also recently weighed in on INFY. Zacks Investment Research downgraded Infosys from a “hold” rating to a “sell” rating in a research note on Tuesday, December 18th. ValuEngine upgraded Infosys from a “sell” rating to a “hold” rating in a research note on Wednesday, January 2nd. Citigroup upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Friday, January 4th. Cantor Fitzgerald restated a “hold” rating and set a $10.00 target price on shares of Infosys in a research note on Friday, January 11th. Finally, Wells Fargo & Co set a $11.00 target price on Infosys and gave the stock a “hold” rating in a research note on Friday, January 11th. Three analysts have rated the stock with a sell rating, fourteen have given a hold rating and one has assigned a buy rating to the company’s stock. Infosys has an average rating of “Hold” and an average price target of $12.08.

INFY stock traded down $0.04 on Monday, hitting $10.51. 5,554,830 shares of the company’s stock were exchanged, compared to its average volume of 8,065,699. Infosys has a 12-month low of $8.24 and a 12-month high of $11.38. The company has a market cap of $47.68 billion, a price-to-earnings ratio of 21.01, a price-to-earnings-growth ratio of 1.94 and a beta of 0.54.

Infosys (NYSE:INFY) last announced its earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.13. Infosys had a return on equity of 24.93% and a net margin of 18.95%. The firm had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.04 billion. During the same period in the previous year, the business earned $0.13 EPS. Sell-side analysts predict that Infosys will post 0.52 EPS for the current year.

Several hedge funds have recently modified their holdings of INFY. Guinness Asset Management Ltd raised its holdings in Infosys by 29.8% in the 4th quarter. Guinness Asset Management Ltd now owns 5,320 shares of the technology company’s stock worth $51,000 after purchasing an additional 1,220 shares during the period. Butensky & Cohen Financial Security Inc. grew its position in Infosys by 0.7% in the fourth quarter. Butensky & Cohen Financial Security Inc. now owns 219,510 shares of the technology company’s stock worth $2,090,000 after acquiring an additional 1,460 shares during the period. Commonwealth Equity Services LLC grew its position in Infosys by 5.8% in the fourth quarter. Commonwealth Equity Services LLC now owns 30,114 shares of the technology company’s stock worth $286,000 after acquiring an additional 1,662 shares during the period. Kiwi Wealth Investments Limited Partnership grew its position in Infosys by 1.1% in the fourth quarter. Kiwi Wealth Investments Limited Partnership now owns 158,777 shares of the technology company’s stock worth $1,512,000 after acquiring an additional 1,756 shares during the period. Finally, D. E. Shaw & Co. Inc. grew its position in Infosys by 9.2% in the fourth quarter. D. E. Shaw & Co. Inc. now owns 21,700 shares of the technology company’s stock worth $207,000 after acquiring an additional 1,827 shares during the period. 17.81% of the stock is owned by institutional investors and hedge funds.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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Analyst Recommendations for Infosys (NYSE:INFY)

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