Infosys Limited (NYSE:INFY - Free Report) - Research analysts at William Blair issued their FY2027 earnings per share estimates for Infosys in a report released on Thursday, January 16th. William Blair analyst M. Nolan anticipates that the technology company will post earnings of $0.89 per share for the year. The consensus estimate for Infosys' current full-year earnings is $0.74 per share.
Several other equities analysts have also issued reports on the company. BMO Capital Markets increased their target price on Infosys from $23.00 to $25.00 and gave the stock a "market perform" rating in a research note on Friday, October 18th. Guggenheim reissued a "neutral" rating on shares of Infosys in a research report on Friday. StockNews.com cut Infosys from a "buy" rating to a "hold" rating in a research note on Friday, January 3rd. HSBC raised Infosys from a "hold" rating to a "buy" rating in a research note on Monday, December 9th. Finally, Hsbc Global Res raised Infosys from a "hold" rating to a "strong-buy" rating in a research report on Monday, December 9th. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, four have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $20.22.
Read Our Latest Stock Report on INFY
Infosys Price Performance
Shares of INFY stock traded down $0.41 during trading hours on Monday, hitting $21.16. The company had a trading volume of 13,511,955 shares, compared to its average volume of 4,648,636. The company's fifty day moving average is $22.53 and its 200 day moving average is $22.21. Infosys has a fifty-two week low of $16.04 and a fifty-two week high of $23.63. The stock has a market capitalization of $87.65 billion, a PE ratio of 27.13, a price-to-earnings-growth ratio of 3.71 and a beta of 1.00.
Infosys (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. Infosys had a net margin of 17.15% and a return on equity of 31.43%. During the same period last year, the company posted $0.18 EPS.
Institutional Investors Weigh In On Infosys
Institutional investors and hedge funds have recently bought and sold shares of the stock. Mercer Global Advisors Inc. ADV boosted its holdings in shares of Infosys by 2.9% in the second quarter. Mercer Global Advisors Inc. ADV now owns 17,632 shares of the technology company's stock valued at $328,000 after acquiring an additional 505 shares during the period. Outlook Wealth Advisors LLC grew its holdings in shares of Infosys by 2.8% during the fourth quarter. Outlook Wealth Advisors LLC now owns 18,405 shares of the technology company's stock worth $403,000 after buying an additional 508 shares during the last quarter. Canopy Partners LLC raised its stake in shares of Infosys by 3.1% during the third quarter. Canopy Partners LLC now owns 17,129 shares of the technology company's stock worth $381,000 after purchasing an additional 522 shares during the last quarter. GAMMA Investing LLC grew its position in Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock valued at $99,000 after buying an additional 560 shares during the last quarter. Finally, Modera Wealth Management LLC increased its stake in Infosys by 0.4% in the 3rd quarter. Modera Wealth Management LLC now owns 183,028 shares of the technology company's stock valued at $4,076,000 after buying an additional 653 shares during the period. 16.20% of the stock is owned by hedge funds and other institutional investors.
About Infosys
(
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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, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.
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