BMO Capital Markets Reiterates “Maintains” Rating for Infosys (NYSE:INFY)

Infosys (NYSE:INFYGet Rating)‘s stock had its “maintains” rating reiterated by investment analysts at BMO Capital Markets in a research note issued to investors on Tuesday, Benzinga reports.

A number of other equities research analysts have also commented on INFY. Macquarie began coverage on shares of Infosys in a report on Monday, April 11th. They set an “outperform” rating for the company. Wedbush dropped their target price on shares of Infosys from $30.00 to $25.00 and set an “outperform” rating for the company in a report on Monday. Stifel Nicolaus reduced their price target on Infosys to $23.00 in a report on Wednesday, April 13th. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Thursday, July 21st. Finally, HSBC raised Infosys from a “hold” rating to a “buy” rating in a research note on Tuesday, May 31st. One investment analyst has rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $25.92.

Infosys Trading Up 1.5 %

Shares of INFY stock traded up $0.29 during trading hours on Tuesday, hitting $19.00. 274,951 shares of the company’s stock were exchanged, compared to its average volume of 10,911,962. Infosys has a 12-month low of $17.52 and a 12-month high of $26.39. The company has a market capitalization of $79.93 billion, a PE ratio of 27.30, a PEG ratio of 2.51 and a beta of 0.99. The business’s 50 day simple moving average is $18.62 and its 200-day simple moving average is $21.28.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Prospera Financial Services Inc acquired a new position in shares of Infosys during the first quarter worth $26,000. Professional Financial Advisors LLC grew its stake in Infosys by 160.1% during the 1st quarter. Professional Financial Advisors LLC now owns 1,056 shares of the technology company’s stock worth $26,000 after buying an additional 650 shares during the last quarter. JFS Wealth Advisors LLC acquired a new position in Infosys during the 4th quarter valued at about $27,000. Bellevue Group AG purchased a new stake in Infosys in the fourth quarter valued at about $29,000. Finally, EverSource Wealth Advisors LLC acquired a new stake in Infosys in the fourth quarter worth about $49,000. 15.42% of the stock is currently owned by hedge funds and other institutional investors.

About Infosys

(Get Rating)

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.

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