Park National Corp OH Takes Position in Infosys Limited (INFY)

Amos Gonzales
July 14, 2017

Bank of Montreal Can raised its position in Infosys Limited by 30.0% in the first quarter. Closely-held shares are those owned by insiders, major shareholders and employees, while restricted stock refers to insider shares that can not be traded because of a temporary restriction such as the lock-up period after an initial public offering.

Infosys Limited (INFY)'s RSI (Relative Strength Index) is 63.49. PNC Financial Services Group Inc. raised its position in Infosys Limited by 82.0% in the first quarter. Naples Global Advisors LLC now owns 85,825 shares of the technology company's stock valued at $1,356,000 after buying an additional 1,100 shares during the period. Kernodle & Katon Asset Management Group LLC purchased a new stake in shares of Infosys Limited during the first quarter worth approximately $100,000.

On May 26, 2016 the stock rating was rated "Buy" by Goldman Sachs which was a boost from the previous " rating. Greenleaf Trust acquired a new stake in Infosys Limited during the first quarter valued at $168,000. 4,586,466 shares of the stock were exchanged. Hedge funds and other institutional investors own 20.67% of the company's stock. Finally, BMO Capital Markets reissued a "hold" rating and set a $15.00 price objective on shares of Infosys Limited in a research report on Thursday, March 23rd. A total volume of 10.64 million shares were traded versus to average volume of 6.04 million shares. Comgest Global Investors Sas who had been investing in Infosys Ltd for a number of months, seems to be bullish on the $35.14B market cap company. The stock's 50-day moving average is $15.10 and its 200 day moving average is $14.93.

To help you determine whether Infosys Limited (NYSE:INFY) is undervalued the following values will help you decide.

"Revenue tops expectations. Infosys reported revenue of $2.65 bn, +6.0% y/y, and +3.2% q/q, vs. our $2.64 bn estimate and the FactSet Consensus of the same". Infosys Limited had a return on equity of 21.90% and a net margin of 20.96%.

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Quarterly Revenue growth year over year is 7.3 Percent. On average, analysts forecast that Infosys Limited will post $0.97 earnings per share for the current year.

News stories about Infosys Limited (NYSE:INFY) have trended positive on Tuesday, according to Accern Sentiment Analysis. If you are accessing this news story on another publication, it was illegally copied and reposted in violation of United States and worldwide trademark & copyright legislation. The original version of this report can be viewed at https://www.thestockobserver.com/2017/07/14/infosys-limited-nyseinfy-stock-rating-upgraded-by-bidaskclub.html.

Several brokerages have issued reports on INFY.

At the current price Infosys Limited (NYSE:INFY) is trading at, 15.6 (-0.26% today), Infosys Limited has a dividend yield of 2.94%, and this is covered by a payout ratio of 41.00%.

Shares of Infosys Limited (NYSE:INFY) opened at $15.55, and ended -0.51% lower at $15.56. Cowen and Company set a $15.00 price target on Infosys Limited and gave the company a "hold" rating in a research report on Thursday, April 13th. William Blair downgraded Infosys Limited from a "market perform" rating to an "underperform" rating in a research note on Thursday, April 13th. As per Thursday, June 8, the company rating was upgraded by HSBC. The company presently has a consensus rating of "Hold" and an average target price of $16.19. The corporation, along with its subsidiaries, provides firm information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and firm process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, firm 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.

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