2 weeks Ago By Defense World Staff
Infosys ( NYSE:INFY – Get Free Report ) was upgraded by stock analysts at StockNews.com from a “hold” rating to a “buy” rating in a research note issued to investors on Monday. A number of other analysts have also recently commented on the stock.
Macquarie raised shares of Infosys from an “underperform” rating to a “neutral” rating in a research report on Friday, July 19th. Erste Group Bank raised shares of Infosys from a “hold” rating to a “buy” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the stock.
Based on data from MarketBeat, Infosys currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.27. Check Out Our Latest Research Report on INFY Infosys Price Performance Infosys ( NYSE:INFY – Get Free Report ) last announced its quarterly earnings results on Thursday, July 18th.
The technology company reported $0.18 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.18.
The company had revenue of $4.71 billion during the quarter, compared to the consensus estimate of $4.67 billion.
Infosys had a net margin of 17.18% and a return on equity of 32.01%.
During the same period in the prior year, the business earned $0.17 earnings per share. On average, equities research analysts predict that Infosys will post 0.
75 earnings per share for the current year. Institutional Inflows and Outflows Hedge funds and other institutional investors have recently made changes to their positions in the company. GAMMA Investing LLC raised its holdings in shares of Infosys by 33.
0% during the first quarter. GAMMA Investing LLC now owns 2,390 shares of the technology company’s stock valued at $43,000 after purchasing an additional 593 shares during the last quarter. Hilltop National Bank raised its position in Infosys by 50.
8% in the second quarter. Hilltop National Bank now owns 2,979 shares of the technology company’s stock worth $55,000 after acquiring an additional 1,004 shares during the period. Whittier Trust Co.
of Nevada Inc. raised its position in Infosys by 126.7% in the second quarter.
Whittier Trust Co. of Nevada Inc. now owns 3,029 shares of the technology company’s stock worth $56,000 after acquiring an additional 1,693 shares during the period.
Jones Financial Companies Lllp bought a new position in Infosys in the fourth quarter worth approximately $56,000. Finally, Hennessy Advisors Inc. bought a new position in Infosys in the fourth quarter worth approximately $123,000.
Institutional investors own 10.89% of the company’s stock. About Infosys ( Get Free Report ) Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally.
It provides digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies. See Also Five stocks we like better than Infosys Stock Dividend Cuts Happen Are You Ready? TJX Stock: A Buying Opportunity Before the Holiday Rush What is a Dividend King? Micron’s Blowout Results Pave the Way for Seagate’s Stock Surge What are earnings reports? Zeta Global’s AI Cloud: Your Secret Weapon for Massive Growth Receive News & Ratings for Infosys Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Infosys and related companies with MarketBeat.com's FREE daily email newsletter .
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