Infosys Limited (NYSE:INFY) – Equities researchers at Wedbush lifted their Q3 2018 earnings per share (EPS) estimates for shares of Infosys in a research report issued to clients and investors on Tuesday. Wedbush analyst M. Katri now forecasts that the technology company will post earnings per share of $0.25 for the quarter, up from their prior forecast of $0.24. Wedbush also issued estimates for Infosys’ Q4 2018 earnings at $0.25 EPS, FY2018 earnings at $0.98 EPS, Q1 2019 earnings at $0.25 EPS, Q2 2019 earnings at $0.26 EPS and FY2019 earnings at $1.01 EPS.
A number of other research firms also recently weighed in on INFY. Zacks Investment Research upgraded Infosys from a “hold” rating to a “buy” rating and set a $17.00 target price for the company in a research report on Tuesday, September 19th. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, December 5th. Oppenheimer restated a “hold” rating on shares of Infosys in a research report on Tuesday, October 24th. Stifel Nicolaus reaffirmed a “hold” rating on shares of Infosys in a research note on Thursday, October 26th. Finally, Cowen reaffirmed a “hold” rating and set a $15.00 price objective on shares of Infosys in a research note on Thursday, October 12th. Three equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have assigned a buy rating to the stock. Infosys currently has an average rating of “Hold” and an average target price of $15.34.
Infosys (NYSE INFY) traded up $0.01 during mid-day trading on Thursday, hitting $15.90. The stock had a trading volume of 4,635,700 shares, compared to its average volume of 6,283,607. The company has a market capitalization of $36,319.44, a P/E ratio of 16.38, a P/E/G ratio of 1.72 and a beta of 0.69. Infosys has a 12 month low of $13.42 and a 12 month high of $16.15.
Infosys (NYSE:INFY) last released its earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, topping analysts’ consensus estimates of $0.24 by $0.01. The company had revenue of $2.73 billion during the quarter, compared to the consensus estimate of $2.78 billion. Infosys had a return on equity of 21.05% and a net margin of 21.04%. During the same quarter in the previous year, the company posted $0.24 earnings per share.
Large investors have recently bought and sold shares of the business. Tower Research Capital LLC TRC grew its stake in Infosys by 198.2% in the second quarter. Tower Research Capital LLC TRC now owns 7,967 shares of the technology company’s stock valued at $120,000 after acquiring an additional 5,295 shares during the period. Equity Investment Corp Acquisition Inc acquired a new position in shares of Infosys during the second quarter worth about $151,000. Foster & Motley Inc. acquired a new position in shares of Infosys during the third quarter worth about $166,000. Northwestern Mutual Wealth Management Co. boosted its position in shares of Infosys by 4.7% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock worth $201,000 after buying an additional 605 shares during the period. Finally, High Pointe Capital Management LLC acquired a new position in shares of Infosys during the third quarter worth about $203,000. 18.95% of the stock is owned by hedge funds and other institutional investors.
Infosys Company Profile
Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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