Infosys Limited (NYSE:INFY) – Equities researchers at Wedbush increased their Q1 2022 EPS estimates for Infosys in a research report issued on Thursday, April 15th. Wedbush analyst M. Katri now forecasts that the technology company will earn $0.16 per share for the quarter, up from their previous forecast of $0.15. Wedbush also issued estimates for Infosys’ Q2 2022 earnings at $0.17 EPS, Q4 2022 earnings at $0.17 EPS, FY2022 earnings at $0.67 EPS, Q1 2023 earnings at $0.17 EPS, Q2 2023 earnings at $0.18 EPS, Q3 2023 earnings at $0.20 EPS, Q4 2023 earnings at $0.20 EPS and FY2023 earnings at $0.75 EPS.
A number of other equities research analysts have also issued reports on the stock. The Goldman Sachs Group started coverage on shares of Infosys in a report on Monday, December 21st. They set a “conviction-buy” rating on the stock. Robert W. Baird raised their price objective on shares of Infosys from $17.00 to $18.00 and gave the stock an “underperform” rating in a report on Wednesday. They noted that the move was a valuation call. Sanford C. Bernstein upgraded shares of Infosys from a “market perform” rating to an “outperform” rating and increased their target price for the stock from $20.33 to $21.80 in a research report on Monday, March 29th. Investec cut shares of Infosys from a “buy” rating to a “hold” rating in a research report on Thursday, January 14th. Finally, Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating and set a $19.00 target price on the stock. in a research note on Friday. One research analyst has rated the stock with a sell rating, six have given a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $17.79.
Infosys (NYSE:INFY) last announced its quarterly earnings data on Tuesday, April 13th. The technology company reported $0.16 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.16. The business had revenue of $3.61 billion during the quarter, compared to the consensus estimate of $3.56 billion. Infosys had a net margin of 19.06% and a return on equity of 27.65%. During the same quarter in the prior year, the firm earned $1.20 EPS.
Several institutional investors have recently bought and sold shares of INFY. Amundi Pioneer Asset Management Inc. boosted its holdings in shares of Infosys by 55.9% during the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 754,200 shares of the technology company’s stock worth $8,244,000 after buying an additional 270,402 shares in the last quarter. Jeppson Wealth Management LLC bought a new position in shares of Infosys during the 3rd quarter worth approximately $82,000. Brinker Capital Investments LLC bought a new position in shares of Infosys during the 3rd quarter worth approximately $1,921,000. Perpetual Ltd bought a new position in shares of Infosys in the 3rd quarter worth $6,446,000. Finally, Virtu Financial LLC bought a new position in shares of Infosys in the 3rd quarter worth $607,000. Hedge funds and other institutional investors own 16.28% of the company’s stock.
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 development and management, independent validation, product engineering and management, infrastructure management, enterprise application management, and support and integration services.
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