Infosys (NYSE:INFY) – Investment analysts at Oppenheimer upped their FY2018 earnings estimates for Infosys in a research report issued on Friday, April 13th. Oppenheimer analyst G. Greene now expects that the technology company will post earnings per share of $1.00 for the year, up from their previous forecast of $0.99. Oppenheimer also issued estimates for Infosys’ Q4 2018 earnings at $0.26 EPS.
Several other research firms have also issued reports 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 assumed coverage on Infosys in a report on Friday, April 6th. They issued a “sell” rating and a $14.00 target price for the company. Zacks Investment Research lowered 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 investment analysts have rated the stock with a sell rating, nine have assigned a hold rating and seven have assigned a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $16.35.
INFY stock opened at $16.99 on Monday. The company has a market capitalization of $36,117.64, a PE ratio of 16.82, a price-to-earnings-growth ratio of 1.73 and a beta of 0.57. Infosys has a 12-month low of $13.88 and a 12-month high of $18.71.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Friday, April 13th. The technology company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.25 by $0.01. The firm had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $2.77 billion. Infosys had a return on equity of 21.69% and a net margin of 22.73%. During the same period in the prior year, the business posted $0.24 earnings per share.
A number of hedge funds and other institutional investors have recently made changes to their positions in INFY. Generation Investment Management LLP grew its holdings in Infosys by 145.4% during the fourth quarter. Generation Investment Management LLP now owns 18,036,922 shares of the technology company’s stock valued at $292,559,000 after purchasing an additional 10,685,465 shares during the period. Russell Investments Group Ltd. grew its holdings in Infosys by 54.2% during the fourth quarter. Russell Investments Group Ltd. now owns 10,646,583 shares of the technology company’s stock valued at $171,996,000 after purchasing an additional 3,740,199 shares during the period. Bank of New York Mellon Corp grew its holdings in Infosys by 358.0% during the fourth quarter. Bank of New York Mellon Corp now owns 4,679,711 shares of the technology company’s stock valued at $75,905,000 after purchasing an additional 3,658,003 shares during the period. Oaktree Capital Management LP grew its holdings in Infosys by 8,942.6% during the fourth quarter. Oaktree Capital Management LP now owns 2,866,600 shares of the technology company’s stock valued at $46,496,000 after purchasing an additional 2,834,899 shares during the period. Finally, Maple Brown Abbott Ltd grew its holdings in Infosys by 71.2% during the fourth quarter. Maple Brown Abbott Ltd now owns 4,103,548 shares of the technology company’s stock valued at $66,560,000 after purchasing an additional 1,706,482 shares during the period. 19.51% of the stock is owned by institutional investors and hedge funds.
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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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