Infosys Ltd (NYSE:INFY) – Equities research analysts at Oppenheimer boosted their FY2019 earnings per share (EPS) estimates for shares of Infosys in a research report issued on Tuesday, October 16th. Oppenheimer analyst G. Greene now forecasts that the technology company will post earnings per share of $0.53 for the year, up from their prior estimate of $0.53.
A number of other brokerages have also recently issued reports on INFY. Morgan Stanley cut Infosys from an “overweight” rating to a “hold” rating in a report on Monday, August 20th. Deutsche Bank began coverage on Infosys in a report on Thursday, July 12th. They set a “buy” rating for the company. Cantor Fitzgerald lifted their price objective on Infosys from $16.00 to $19.00 and gave the company a “neutral” rating in a report on Monday, July 16th. Cowen lifted their price objective on Infosys from $16.00 to $17.00 and gave the company a “market perform” rating in a report on Monday, July 16th. Finally, ValuEngine raised Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, June 27th. Five equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.26.
Infosys (NYSE:INFY) last issued its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, meeting the Zacks’ consensus estimate of $0.13. The company had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Infosys had a return on equity of 24.56% and a net margin of 21.94%. During the same period last year, the business earned $0.13 earnings per share.
Several large investors have recently made changes to their positions in INFY. Genesis Asset Managers LLP increased its stake in shares of Infosys by 74.4% in the second quarter. Genesis Asset Managers LLP now owns 9,604,671 shares of the technology company’s stock valued at $186,619,000 after buying an additional 4,096,369 shares in the last quarter. Bank of New York Mellon Corp increased its stake in shares of Infosys by 22.6% in the second quarter. Bank of New York Mellon Corp now owns 17,353,458 shares of the technology company’s stock valued at $337,179,000 after buying an additional 3,203,387 shares in the last quarter. Aperio Group LLC increased its stake in shares of Infosys by 133.9% in the third quarter. Aperio Group LLC now owns 5,004,543 shares of the technology company’s stock valued at $50,896,000 after buying an additional 2,865,033 shares in the last quarter. State of New Jersey Common Pension Fund D increased its stake in shares of Infosys by 134.4% in the third quarter. State of New Jersey Common Pension Fund D now owns 3,985,536 shares of the technology company’s stock valued at $40,533,000 after buying an additional 2,285,566 shares in the last quarter. Finally, Somerset Capital Management LLP acquired a new stake in shares of Infosys in the second quarter valued at $35,786,000. 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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