Infosys (NYSE:INFY) Raised to “Neutral” at Nomura
Nomura upgraded shares of Infosys (NYSE:INFY) from a reduce rating to a neutral rating in a research report released on Monday, The Fly reports.
INFY has been the topic of a number of other research reports. Deutsche Bank reissued a buy rating and issued a $18.00 price objective on shares of STMicroelectronics in a report on Monday, April 15th. Wedbush set a $30.00 price objective on shares of Redfin and gave the stock a buy rating in a report on Friday, July 12th. Credit Suisse Group raised their price objective on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an outperform rating in a report on Monday, April 15th. Citigroup raised shares of Infosys from a neutral rating to a buy rating in a report on Friday, July 12th. Finally, HSBC downgraded shares of easyJet to a hold rating in a report on Tuesday, April 2nd. Two research analysts have rated the stock with a sell rating, thirteen have given a hold rating and one has assigned a buy rating to the company. Infosys presently has an average rating of Hold and an average price target of $10.96.
INFY opened at $11.49 on Monday. The stock has a market capitalization of $50.11 billion, a P/E ratio of 21.75, a price-to-earnings-growth ratio of 2.21 and a beta of 0.52. The business has a 50 day simple moving average of $10.73. Infosys has a 12-month low of $8.85 and a 12-month high of $11.64.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Next Capital Management LLC bought a new stake in shares of Infosys during the first quarter valued at approximately $26,000. Financial Gravity Wealth Inc. bought a new stake in shares of Infosys during the first quarter valued at approximately $27,000. NEXT Financial Group Inc raised its position in shares of Infosys by 85.7% during the second quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock valued at $27,000 after buying an additional 1,150 shares during the last quarter. Asahi Life Asset Management CO. LTD. bought a new stake in shares of Infosys during the first quarter valued at approximately $31,000. Finally, American Beacon Advisors Inc. raised its position in shares of Infosys by 56.2% during the first quarter. American Beacon Advisors Inc. now owns 3,139 shares of the technology company’s stock valued at $34,000 after buying an additional 1,129 shares during the last quarter. Institutional investors own 17.77% of the company’s stock.
Infosys Company Profile
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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