Infosys (INFY) Lowered to “Hold” at Deutsche Bank

Deutsche Bank downgraded shares of Infosys (NYSE:INFY) from a buy rating to a hold rating in a report published on Monday morning, The Fly reports.

A number of other research analysts have also recently weighed in on the stock. Morgan Stanley upgraded shares of Infosys from an equal weight rating to an overweight rating in a research note on Monday, January 14th. Susquehanna Bancshares upgraded shares of Infosys from a negative rating to a neutral rating and lifted their target price for the company from $7.50 to $11.00 in a research note on Monday, January 14th. HSBC cut shares of Infosys from a buy rating to a hold rating in a research note on Tuesday, April 2nd. Citigroup upgraded shares of Infosys from a neutral rating to a buy rating in a research note on Friday, January 4th. Finally, Wells Fargo & Co set a $11.00 target price on shares of Infosys and gave the company a hold rating in a research note on Friday, January 11th. Two investment analysts have rated the stock with a sell rating and fifteen have assigned a hold rating to the company’s stock. The company presently has a consensus rating of Hold and a consensus target price of $11.26.

Shares of Infosys stock opened at $10.41 on Monday. The firm has a market cap of $45.07 billion, a PE ratio of 19.28, a price-to-earnings-growth ratio of 1.90 and a beta of 0.54. Infosys has a 1-year low of $8.40 and a 1-year high of $11.38.

Infosys (NYSE:INFY) last issued its quarterly 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. The business had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same quarter last year, the company posted $0.13 EPS. As a group, equities research analysts forecast that Infosys will post 0.56 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Fisher Asset Management LLC increased its holdings in Infosys by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 41,879,875 shares of the technology company’s stock valued at $398,696,000 after acquiring an additional 647,262 shares during the last quarter. Investec Asset Management LTD increased its holdings in Infosys by 23.1% in the 4th quarter. Investec Asset Management LTD now owns 39,628,149 shares of the technology company’s stock valued at $377,260,000 after acquiring an additional 7,430,134 shares during the last quarter. Bank of New York Mellon Corp increased its holdings in Infosys by 1,119,378.1% in the 3rd quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock valued at $346,449,000 after acquiring an additional 34,062,676 shares during the last quarter. BlackRock Inc. increased its holdings in Infosys by 166.6% in the 3rd quarter. BlackRock Inc. now owns 29,932,893 shares of the technology company’s stock valued at $304,416,000 after acquiring an additional 18,705,434 shares during the last quarter. Finally, AQR Capital Management LLC increased its holdings in Infosys by 140.0% in the 3rd quarter. AQR Capital Management LLC now owns 25,803,860 shares of the technology company’s stock valued at $262,425,000 after acquiring an additional 15,050,391 shares during the last quarter. Institutional investors own 17.81% of the company’s stock.

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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