Infosys (NYSE:INFY) Upgraded to “Neutral” at Nomura

Nomura upgraded shares of Infosys (NYSE:INFY) from a reduce rating to a neutral rating in a research note issued to investors on Monday morning, The Fly reports.

Several other equities analysts also recently weighed in on the stock. Credit Suisse Group lifted their target price on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the stock an outperform rating in a research note on Monday, April 15th. HSBC downgraded shares of easyJet to a hold rating in a research note on Tuesday, April 2nd. Wedbush set a $30.00 target price on shares of Redfin and gave the stock a buy rating in a research note on Friday, July 12th. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a sell rating to a hold rating in a research note on Friday, May 17th. Finally, Morgan Stanley reduced their target price on shares of Wells Fargo & Co from $55.00 to $51.00 and set an equal weight rating for the company in a research note on Monday, April 15th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has given a buy rating to the company. The stock currently has an average rating of Hold and a consensus target price of $10.96.

INFY opened at $11.55 on Monday. The stock has a market capitalization of $49.94 billion, a P/E ratio of 21.68, a price-to-earnings-growth ratio of 2.20 and a beta of 0.52. The stock has a 50-day simple moving average of $10.75. Infosys has a twelve month low of $8.85 and a twelve month high of $11.64.

Infosys (NYSE:INFY) last posted its earnings results on Friday, July 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The firm had revenue of $218.03 billion during the quarter, compared to the consensus estimate of $216.51 billion. Infosys had a net margin of 18.26% and a return on equity of 25.55%. The company’s revenue was up 14.0% on a year-over-year basis. During the same quarter last year, the company earned $0.13 earnings per share. Analysts anticipate that Infosys will post 0.55 earnings per share for the current year.

A number of large investors have recently modified their holdings of INFY. FMR LLC grew its stake in Infosys by 46,711,314.8% during the first quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock valued at $275,699,000 after acquiring an additional 25,224,110 shares in the last quarter. Lazard Asset Management LLC grew its stake in Infosys by 32.0% during the first quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock valued at $413,599,000 after acquiring an additional 9,169,543 shares in the last quarter. FIL Ltd grew its stake in Infosys by 77.4% during the first quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock valued at $211,333,000 after acquiring an additional 8,433,557 shares in the last quarter. GQG Partners LLC grew its stake in Infosys by 32.1% during the fourth quarter. GQG Partners LLC now owns 21,147,668 shares of the technology company’s stock valued at $201,355,000 after acquiring an additional 5,136,841 shares in the last quarter. Finally, Investec Asset Management LTD grew its stake in Infosys by 8.6% during the first quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock valued at $470,503,000 after acquiring an additional 3,418,796 shares in the last quarter. 17.77% of the stock is owned by institutional investors.

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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Analyst Recommendations for Infosys (NYSE:INFY)

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