BidaskClub Downgrades Infosys Limited (INFY) to Sell

Infosys Limited (NYSE:INFY) was downgraded by investment analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued on Tuesday.

Other analysts have also issued research reports about the company. HSBC Holdings plc raised Infosys Limited from a “hold” rating to a “buy” rating in a report on Thursday, June 8th. Deutsche Bank AG raised Infosys Limited from a “hold” rating to a “buy” rating in a report on Monday, August 28th. Zacks Investment Research raised Infosys Limited from a “hold” rating to a “buy” rating and set a $16.00 price objective on the stock in a report on Wednesday, September 6th. Cowen and Company set a $15.00 price objective on Infosys Limited and gave the stock a “hold” rating in a report on Friday, August 18th. Finally, Stifel Nicolaus reissued a “hold” rating and set a $15.50 price objective on shares of Infosys Limited in a report on Friday, August 18th. Four investment analysts have rated the stock with a sell rating, ten have issued a hold rating and four have issued a buy rating to the company’s stock. Infosys Limited has an average rating of “Hold” and a consensus target price of $15.58.

Shares of Infosys Limited (NYSE:INFY) opened at 14.57 on Tuesday. Infosys Limited has a 52-week low of $13.42 and a 52-week high of $16.71. The company’s 50 day moving average price is $15.30 and its 200 day moving average price is $15.19. The firm has a market capitalization of $33.30 billion, a price-to-earnings ratio of 15.35 and a beta of 0.79.

Infosys Limited (NYSE:INFY) last released its earnings results on Friday, July 14th. The technology company reported $0.24 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.23 by $0.01. The firm had revenue of $170.78 billion for the quarter, compared to analyst estimates of $170.51 billion. Infosys Limited had a return on equity of 21.37% and a net margin of 20.95%. The company’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.22 EPS. Analysts forecast that Infosys Limited will post $0.99 earnings per share for the current year.

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Institutional investors have recently bought and sold shares of the stock. Kernodle & Katon Asset Management Group LLC bought a new position in shares of Infosys Limited during the 1st quarter worth approximately $100,000. PNC Financial Services Group Inc. lifted its position in shares of Infosys Limited by 82.0% during the 1st quarter. PNC Financial Services Group Inc. now owns 7,547 shares of the technology company’s stock worth $120,000 after buying an additional 3,400 shares during the period. Tower Research Capital LLC TRC lifted its position in shares of Infosys Limited by 198.2% during the 2nd quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock worth $120,000 after buying an additional 5,295 shares during the period. Equity Investment Corp Acquisition Inc bought a new position in shares of Infosys Limited during the 2nd quarter worth approximately $151,000. Finally, Personal Capital Advisors Corp bought a new position in shares of Infosys Limited during the 2nd quarter worth approximately $166,000. Institutional investors and hedge funds own 19.86% of the company’s stock.

About Infosys Limited

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 Limited (NYSE:INFY)

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