Infosys Limited (NYSE:INFY – Get Rating) – Investment analysts at Jefferies Financial Group upped their FY2024 EPS estimates for Infosys in a research report issued to clients and investors on Thursday, January 5th. Jefferies Financial Group analyst A. Agarwal now anticipates that the technology company will earn $0.80 per share for the year, up from their previous estimate of $0.79. The consensus estimate for Infosys’ current full-year earnings is $0.71 per share.
Infosys (NYSE:INFY – Get Rating) last released its quarterly earnings results on Thursday, October 13th. The technology company reported $0.18 EPS for the quarter, meeting the consensus estimate of $0.18. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.56 billion. Infosys had a net margin of 16.90% and a return on equity of 30.67%. During the same period in the prior year, the company posted $0.17 earnings per share.
Infosys Trading Up 0.7 %
INFY opened at $17.81 on Monday. The company’s 50 day moving average is $18.83 and its 200-day moving average is $18.62. Infosys has a 1-year low of $16.39 and a 1-year high of $26.39. The company has a market cap of $74.94 billion, a P/E ratio of 25.44, a PEG ratio of 2.52 and a beta of 1.01.
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the company. Schubert & Co purchased a new position in shares of Infosys during the second quarter valued at about $31,000. Guardian Wealth Advisors LLC bought a new position in shares of Infosys in the third quarter worth about $38,000. JFS Wealth Advisors LLC lifted its holdings in Infosys by 86.0% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,797 shares of the technology company’s stock valued at $47,000 after buying an additional 1,293 shares in the last quarter. Benjamin F. Edwards & Company Inc. boosted its position in Infosys by 478.5% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 5,785 shares of the technology company’s stock valued at $98,000 after buying an additional 4,785 shares during the period. Finally, Captrust Financial Advisors boosted its holdings in shares of Infosys by 24.4% in the second quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company’s stock valued at $121,000 after purchasing an additional 1,286 shares during the period. Hedge funds and other institutional investors own 12.68% of the company’s stock.
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.
- Get a free copy of the StockNews.com research report on Infosys (INFY)
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