Infosys (INFY) Scheduled to Post Quarterly Earnings on Thursday

Infosys (NYSE:INFY) is scheduled to be announcing its earnings results before the market opens on Thursday, April 18th. Analysts expect the company to announce earnings of $0.17 per share for the quarter. Investors that are interested in participating in the company’s conference call can do so using this link.

Infosys Stock Performance

Shares of INFY stock opened at $17.05 on Wednesday. The company has a market cap of $70.57 billion, a P/E ratio of 24.01, a PEG ratio of 2.34 and a beta of 0.93. The stock has a 50 day simple moving average of $19.01 and a two-hundred day simple moving average of $18.36. Infosys has a fifty-two week low of $14.71 and a fifty-two week high of $20.74.

Institutional Investors Weigh In On Infosys

Institutional investors have recently bought and sold shares of the stock. FWL Investment Management LLC bought a new stake in Infosys during the fourth quarter worth $27,000. Natixis purchased a new position in Infosys in the fourth quarter worth $110,000. Penserra Capital Management LLC boosted its position in Infosys by 199.0% in the fourth quarter. Penserra Capital Management LLC now owns 6,354 shares of the technology company’s stock worth $114,000 after purchasing an additional 4,229 shares during the last quarter. Captrust Financial Advisors boosted its position in Infosys by 24.4% in the second quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,286 shares during the last quarter. Finally, Tower Research Capital LLC TRC boosted its position in Infosys by 121.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,614 shares of the technology company’s stock worth $122,000 after purchasing an additional 3,630 shares during the last quarter. Institutional investors own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on INFY shares. BNP Paribas started coverage on Infosys in a report on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 target price for the company. Guggenheim assumed coverage on Infosys in a report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price objective for the company. BMO Capital Markets boosted their price objective on Infosys from $18.00 to $21.00 and gave the company a “market perform” rating in a report on Friday, January 12th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, April 1st. Finally, Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Four research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, Infosys currently has an average rating of “Moderate Buy” and a consensus target price of $20.76.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.