Infosys Limited (NYSE:INFY) – Equities researchers at Jefferies Financial Group raised their FY2022 EPS estimates for Infosys in a research note issued to investors on Thursday, January 13th. Jefferies Financial Group analyst A. Agarwal now expects that the technology company will earn $0.72 per share for the year, up from their previous estimate of $0.70. Jefferies Financial Group also issued estimates for Infosys’ FY2023 earnings at $0.85 EPS and FY2024 earnings at $0.96 EPS.
A number of other equities analysts also recently weighed in on the company. Susquehanna Bancshares raised Infosys from a “neutral” rating to a “positive” rating and upped their price target for the stock from $22.00 to $29.00 in a research report on Monday, January 10th. Wedbush upped their price objective on Infosys from $25.00 to $30.00 in a research note on Wednesday. Susquehanna upgraded Infosys from a “neutral” rating to a “positive” rating and upped their price objective for the stock from $22.00 to $29.00 in a research note on Monday, January 10th. Finally, BMO Capital Markets upped their price objective on Infosys from $25.00 to $28.00 in a research note on Thursday. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Infosys presently has a consensus rating of “Hold” and a consensus price target of $24.97.
Infosys (NYSE:INFY) last released its quarterly earnings results on Tuesday, January 11th. The technology company reported $0.18 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.18. Infosys had a return on equity of 29.37% and a net margin of 18.59%. During the same quarter in the prior year, the company posted $0.17 earnings per share.
Institutional investors and hedge funds have recently bought and sold shares of the stock. Twin Tree Management LP raised its stake in Infosys by 46.8% in the 2nd quarter. Twin Tree Management LP now owns 948,640 shares of the technology company’s stock valued at $20,102,000 after acquiring an additional 302,533 shares during the period. Mackenzie Financial Corp raised its stake in Infosys by 20.2% in the 3rd quarter. Mackenzie Financial Corp now owns 1,601,517 shares of the technology company’s stock valued at $35,634,000 after acquiring an additional 269,131 shares during the period. JPMorgan Chase & Co. raised its stake in Infosys by 1.4% in the 2nd quarter. JPMorgan Chase & Co. now owns 54,816,282 shares of the technology company’s stock valued at $1,161,558,000 after acquiring an additional 737,732 shares during the period. Banque Pictet & Cie SA raised its stake in Infosys by 8.7% in the 3rd quarter. Banque Pictet & Cie SA now owns 228,405 shares of the technology company’s stock valued at $5,155,000 after acquiring an additional 18,194 shares during the period. Finally, CAPROCK Group Inc. bought a new stake in Infosys in the 3rd quarter valued at $305,000. Institutional investors and hedge funds own 15.75% of the company’s stock.
Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.
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