Infosys Ltd (NYSE:INFY) – Equities research analysts at William Blair dropped their FY2020 earnings estimates for Infosys in a report issued on Sunday, April 14th. William Blair analyst M. Nolan now anticipates that the technology company will earn $0.55 per share for the year, down from their prior estimate of $0.57.
A number of other research firms have also weighed in on INFY. Zacks Investment Research lowered shares of Infosys from a “hold” rating to a “sell” rating in a report on Wednesday, April 10th. HSBC lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, April 2nd. Deutsche Bank lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. Investec lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Monday. Finally, Cantor Fitzgerald restated a “hold” rating and issued a $10.00 target price on shares of Infosys in a report on Friday, January 11th. Three analysts have rated the stock with a sell rating and fourteen have assigned a hold rating to the company. Infosys presently has a consensus rating of “Hold” and a consensus target price of $11.26.
INFY stock opened at $10.37 on Wednesday. The stock has a market cap of $45.94 billion, a PE ratio of 19.20, a P/E/G ratio of 1.90 and a beta of 0.54. Infosys has a 1 year low of $8.40 and a 1 year high of $11.38.
Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, April 12th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. The company had revenue of $3.06 billion for the quarter, compared to analysts’ expectations of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same quarter in the prior year, the firm earned $0.13 EPS.
Several hedge funds have recently modified their holdings of the company. Fisher Asset Management LLC raised its position in Infosys by 1.6% in the 4th quarter. Fisher Asset Management LLC now owns 41,879,875 shares of the technology company’s stock worth $398,696,000 after purchasing an additional 647,262 shares during the period. Investec Asset Management LTD boosted its stake in Infosys by 23.1% during the fourth quarter. Investec Asset Management LTD now owns 39,628,149 shares of the technology company’s stock worth $377,260,000 after acquiring an additional 7,430,134 shares in the last quarter. Bank of New York Mellon Corp boosted its stake in Infosys by 1,119,378.1% during the third quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock worth $346,449,000 after acquiring an additional 34,062,676 shares in the last quarter. AQR Capital Management LLC lifted its stake in shares of Infosys by 140.0% in the third quarter. AQR Capital Management LLC now owns 25,803,860 shares of the technology company’s stock worth $262,425,000 after buying an additional 15,050,391 shares in the last quarter. Finally, Nordea Investment Management AB bought a new position in shares of Infosys in the third quarter worth approximately $231,652,000. Institutional investors own 17.81% 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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