According to Zacks, “Infosys’ earnings have been a mixed bag over the four trailing quarters, with a beat and a miss, while being in line for the other two. The company has added a significant number of clients in recent times, which is expected to enhance both top- and bottom-line growth. The company’s recent introduction of AikiDo service offerings, and the success of its EdgeVerve business and Skava platform are expected to set it apart from peers, thereby aiding its growth momentum in the near term. However, factors like seasonality and stiff competition in the IT industry may continue to impact the company’s financials. Also, Infosys’ fixed-price and fixed-timeframe contracts expose it to risks of loss arising from inaccurate estimations of project pricing. This apart, slowdown in certain key markets and currency volatility, which has been heightened by Brexit, adds to the company’s woes.”
INFY has been the topic of a number of other research reports. Nomura lowered shares of Infosys from a buy rating to a neutral rating in a report on Monday, July 18th. Credit Suisse Group AG lowered shares of Infosys from an outperform rating to a neutral rating and lifted their price target for the company from $15.71 to $16.81 in a report on Monday, July 18th. Cantor Fitzgerald reiterated a hold rating on shares of Infosys in a report on Monday, August 8th. Wedbush began coverage on shares of Infosys in a report on Thursday, September 8th. They issued a neutral rating and a $18.00 price target on the stock. Finally, Pacific Crest began coverage on shares of Infosys in a report on Tuesday, July 12th. They issued a sector weight rating on the stock. Fourteen analysts have rated the stock with a hold rating and two have issued a buy rating to the company’s stock. The stock has an average rating of Hold and an average price target of $18.23.
Infosys (NYSE:INFY) opened at 15.87 on Thursday. The stock has a market cap of $36.27 billion, a price-to-earnings ratio of 17.44 and a beta of 0.99. Infosys has a 12-month low of $15.64 and a 12-month high of $20.47. The company has a 50-day moving average price of $16.07 and a 200 day moving average price of $17.69.
Infosys (NYSE:INFY) last announced its quarterly earnings results on Friday, July 15th. The company reported $0.22 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.23 by $0.01. The company earned $2.50 billion during the quarter. Infosys had a net margin of 21.41% and a return on equity of 23.24%. The firm’s revenue was up 16.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.21 EPS. On average, equities research analysts predict that Infosys will post $0.95 EPS for the current year.
A number of institutional investors have recently modified their holdings of INFY. PNC Financial Services Group Inc. raised its position in shares of Infosys by 21.3% in the second quarter. PNC Financial Services Group Inc. now owns 5,702 shares of the company’s stock worth $103,000 after buying an additional 1,000 shares in the last quarter. Ranger International Management LP raised its position in shares of Infosys by 97.7% in the second quarter. Ranger International Management LP now owns 7,000 shares of the company’s stock worth $125,000 after buying an additional 3,460 shares in the last quarter. Glenmede Trust Co. NA raised its position in shares of Infosys by 9.5% in the second quarter. Glenmede Trust Co. NA now owns 9,897 shares of the company’s stock worth $176,000 after buying an additional 861 shares in the last quarter. Tower Research Capital LLC TRC raised its position in shares of Infosys by 870.4% in the second quarter. Tower Research Capital LLC TRC now owns 10,655 shares of the company’s stock worth $190,000 after buying an additional 9,557 shares in the last quarter. Finally, M&T Bank Corp raised its position in shares of Infosys by 2.2% in the second quarter. M&T Bank Corp now owns 11,410 shares of the company’s stock worth $204,000 after buying an additional 251 shares in the last quarter. Hedge funds and other institutional investors own 17.62% of the company’s stock.
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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