Infosys (NYSE:INFY – Get Rating) posted its quarterly earnings results on Thursday. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19, RTT News reports. Infosys had a return on equity of 30.67% and a net margin of 16.90%. During the same period last year, the company posted $0.18 EPS. Infosys updated its FY 2023 guidance to EPS.
Infosys Price Performance
Shares of NYSE:INFY opened at $18.40 on Friday. Infosys has a 1-year low of $16.39 and a 1-year high of $26.29. The stock has a market cap of $77.42 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.52 and a beta of 1.01. The firm has a fifty day moving average price of $18.80 and a 200 day moving average price of $18.60.
Get Infosys alerts:Wall Street Analyst Weigh In
Several research analysts have commented on the stock. StockNews.com upgraded shares of Infosys from a "hold" rating to a "buy" rating in a report on Tuesday. Investec raised Infosys from a "hold" rating to a "buy" rating in a report on Friday, October 14th. Susquehanna downgraded Infosys from a "positive" rating to a "neutral" rating and decreased their price target for the stock from $29.00 to $20.00 in a report on Friday, September 16th. Susquehanna Bancshares downgraded Infosys to a "neutral" rating and dropped their price objective for the company from $29.00 to $20.00 in a report on Friday, September 16th. Finally, Cowen decreased their target price on Infosys from $19.00 to $18.00 and set a "market perform" rating for the company in a research note on Friday, October 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus price target of $21.19.
Institutional Inflows and Outflows
A number of institutional investors have recently bought and sold shares of the business. Captrust Financial Advisors grew its holdings in shares of Infosys by 24.4% during the second quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company's stock worth $121,000 after buying an additional 1,286 shares during the last quarter. Beacon Pointe Advisors LLC raised its holdings in Infosys by 20.8% during the first quarter. Beacon Pointe Advisors LLC now owns 9,816 shares of the technology company's stock worth $244,000 after purchasing an additional 1,692 shares in the last quarter. Glenmede Trust Co. NA lifted its position in Infosys by 9.3% in the third quarter. Glenmede Trust Co. NA now owns 15,042 shares of the technology company's stock valued at $255,000 after purchasing an additional 1,285 shares during the period. Cresset Asset Management LLC raised its position in Infosys by 10.3% in the first quarter. Cresset Asset Management LLC now owns 11,481 shares of the technology company's stock worth $286,000 after acquiring an additional 1,075 shares in the last quarter. Finally, Golden State Equity Partners acquired a new stake in Infosys in the first quarter valued at $305,000. 12.68% of the stock is currently owned by institutional investors and hedge funds.About Infosys
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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 development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.
Further Reading
- Get a free copy of the StockNews.com research report on Infosys (INFY)
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