Infosys (NYSE:INFY) Releases Earnings Results, Beats Estimates By $0.06 EPS

Infosys (NYSE:INFY) released its quarterly earnings results on Thursday. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.17 by $0.06, RTT News reports. The firm had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 33.26% and a net margin of 17.06%. During the same period last year, the business posted $0.18 EPS. Infosys updated its FY 2025 guidance to EPS.

Infosys Stock Up 1.8 %

Shares of Infosys stock opened at $16.81 on Friday. The stock’s 50-day simple moving average is $18.80 and its 200-day simple moving average is $18.34. Infosys has a 52 week low of $14.71 and a 52 week high of $20.74. The company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 22.12, a PEG ratio of 2.22 and a beta of 0.93.

Wall Street Analyst Weigh In

INFY has been the topic of a number of research reports. Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. Guggenheim initiated coverage on Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price target on the stock. BNP Paribas began coverage on Infosys in a research note on Wednesday, January 17th. They issued an “outperform” rating and a $24.00 price target on the stock. UBS Group upgraded Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. Finally, Wedbush reiterated an “outperform” rating and set a $22.00 target price on shares of Infosys in a research report on Wednesday, March 13th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $19.27.

Hedge Funds Weigh In On Infosys

Large investors have recently made changes to their positions in the business. Captrust Financial Advisors lifted its position in shares of Infosys by 88.5% in the third quarter. Captrust Financial Advisors now owns 12,343 shares of the technology company’s stock valued at $209,000 after acquiring an additional 5,794 shares in the last quarter. Laidlaw Wealth Management LLC purchased a new position in shares of Infosys in the fourth quarter valued at about $202,000. MML Investors Services LLC lifted its position in shares of Infosys by 6.4% in the second quarter. MML Investors Services LLC now owns 12,408 shares of the technology company’s stock valued at $199,000 after acquiring an additional 742 shares in the last quarter. Nwam LLC purchased a new position in shares of Infosys in the fourth quarter valued at about $193,000. Finally, Baird Financial Group Inc. purchased a new position in shares of Infosys in the fourth quarter valued at about $189,000. 10.89% of the stock is currently owned by hedge funds and other institutional investors.

About Infosys

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.