Infosys (NYSE:INFY) Issues Quarterly Earnings Results

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

Infosys Stock Performance

NYSE:INFY opened at $16.81 on Friday. The stock has a fifty day moving average of $18.80 and a 200 day moving average of $18.34. Infosys has a 52-week low of $14.71 and a 52-week high of $20.74. The firm has a market capitalization of $69.58 billion, a price-to-earnings ratio of 22.12, a P/E/G ratio of 2.18 and a beta of 0.93.

Institutional Investors Weigh In On Infosys

A number of large investors have recently added to or reduced their stakes in INFY. Raymond James Financial Services Advisors Inc. raised its position in Infosys by 4.1% during the first quarter. Raymond James Financial Services Advisors Inc. now owns 16,735 shares of the technology company’s stock valued at $417,000 after purchasing an additional 652 shares in the last quarter. Cibc World Market Inc. increased its holdings in shares of Infosys by 39.8% in the first quarter. Cibc World Market Inc. now owns 157,264 shares of the technology company’s stock worth $3,914,000 after buying an additional 44,768 shares during the period. Blair William & Co. IL purchased a new position in shares of Infosys in the first quarter worth about $465,000. Canada Pension Plan Investment Board increased its holdings in shares of Infosys by 108.3% in the first quarter. Canada Pension Plan Investment Board now owns 1,017,100 shares of the technology company’s stock worth $25,315,000 after buying an additional 528,900 shares during the period. Finally, Allianz Asset Management GmbH increased its holdings in shares of Infosys by 1.6% in the first quarter. Allianz Asset Management GmbH now owns 1,051,193 shares of the technology company’s stock worth $26,164,000 after buying an additional 16,102 shares during the period. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Guggenheim assumed coverage on Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price objective for the company. HSBC reissued a “hold” rating and issued a $20.10 price objective on shares of Infosys in a research note on Friday. Bank of America raised Infosys from a “neutral” rating to a “buy” rating in a research report on Tuesday, April 9th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. Finally, JPMorgan Chase & Co. raised Infosys from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 3rd. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, Infosys has a consensus rating of “Hold” and an average target price of $19.27.

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 management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.