Infosys Ltd (NYSE:INFY) – Stock analysts at William Blair lifted their FY2019 EPS estimates for shares of Infosys in a report issued on Wednesday, October 17th. William Blair analyst M. Nolan now expects that the technology company will post earnings of $0.52 per share for the year, up from their prior estimate of $0.52. William Blair also issued estimates for Infosys’ Q1 2020 earnings at $0.14 EPS.
INFY has been the topic of a number of other research reports. ValuEngine upgraded shares of Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, June 27th. Deutsche Bank started coverage on shares of Infosys in a research note on Thursday, July 12th. They issued a “buy” rating on the stock. Cowen upped their price target on shares of Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a research note on Monday, July 16th. Cantor Fitzgerald upped their price target on shares of Infosys from $16.00 to $19.00 and gave the company a “neutral” rating in a research note on Monday, July 16th. Finally, Morgan Stanley lowered shares of Infosys from an “overweight” rating to a “hold” rating in a research note on Monday, August 20th. Five research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and an average target price of $15.26.
Infosys stock opened at $9.58 on Friday. The stock has a market cap of $41.46 billion, a PE ratio of 19.16, a PEG ratio of 1.83 and a beta of 0.41. Infosys has a fifty-two week low of $7.07 and a fifty-two week high of $10.65.
Infosys (NYSE:INFY) last released its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, hitting the consensus estimate of $0.13. The company had revenue of $2.92 billion for the quarter, compared to analyst estimates of $2.89 billion. Infosys had a net margin of 21.94% and a return on equity of 24.56%. During the same period in the previous year, the business earned $0.13 EPS.
Several large investors have recently made changes to their positions in INFY. Benjamin F. Edwards & Company Inc. raised its holdings in Infosys by 269.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,540 shares of the technology company’s stock valued at $108,000 after buying an additional 4,040 shares during the last quarter. Cornerstone Wealth Management LLC acquired a new position in Infosys in the 2nd quarter valued at $465,000. Cynosure Advisors LLC acquired a new position in Infosys in the 1st quarter valued at $179,000. TIAA FSB acquired a new position in Infosys in the 2nd quarter valued at $203,000. Finally, Daiwa SB Investments Ltd. raised its stake in Infosys by 100.0% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 10,600 shares of the technology company’s stock valued at $108,000 after purchasing an additional 5,300 shares during the last quarter. Hedge funds and other institutional investors own 8.83% of the company’s stock.
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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