Infosys (NYSE:INFY) – Wedbush boosted their FY2019 EPS estimates for shares of Infosys in a research note issued to investors on Friday, April 13th. Wedbush analyst M. Katri now forecasts that the technology company will earn $1.06 per share for the year, up from their previous estimate of $1.05. Wedbush also issued estimates for Infosys’ Q4 2019 earnings at $0.29 EPS.
Infosys (NYSE:INFY) last released its earnings results on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.25 by $0.01. Infosys had a return on equity of 21.69% and a net margin of 22.73%. The business had revenue of $2.81 billion for the quarter, compared to the consensus estimate of $2.77 billion. During the same period in the previous year, the company posted $0.24 earnings per share.
Several other research firms also recently commented on INFY. UBS raised Infosys from a “neutral” rating to a “buy” rating in a report on Monday, January 22nd. ValuEngine raised Infosys from a “hold” rating to a “buy” rating in a report on Friday, February 2nd. Berenberg Bank began coverage on Infosys in a report on Friday, April 6th. They set a “sell” rating and a $14.00 price target on the stock. Zacks Investment Research downgraded Infosys from a “buy” rating to a “hold” rating in a report on Wednesday, January 17th. Finally, Susquehanna Bancshares reaffirmed a “negative” rating on shares of Infosys in a report on Monday, February 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and seven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $16.35.
Infosys stock opened at $16.99 on Monday. Infosys has a 12 month low of $13.88 and a 12 month high of $18.71. The firm has a market capitalization of $36,117.64, a price-to-earnings ratio of 16.82, a P/E/G ratio of 1.73 and a beta of 0.57.
Several large investors have recently made changes to their positions in the company. Envestnet Asset Management Inc. lifted its holdings in shares of Infosys by 12.7% during the fourth quarter. Envestnet Asset Management Inc. now owns 49,959 shares of the technology company’s stock valued at $811,000 after purchasing an additional 5,625 shares in the last quarter. GUARDCAP ASSET MANAGEMENT Ltd purchased a new stake in Infosys during the fourth quarter valued at $1,653,000. Cullen Capital Management LLC purchased a new stake in Infosys during the fourth quarter valued at $228,000. Jane Street Group LLC purchased a new stake in Infosys during the fourth quarter valued at $3,363,000. Finally, Crestline Management LP purchased a new stake in Infosys during the fourth quarter valued at $730,000. 19.51% of the stock is currently owned by hedge funds and other institutional investors.
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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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