Infosys (NYSE:INFY) Releases Earnings Results

Infosys (NYSE:INFY - Get Free Report) announced its earnings results on Thursday. The technology company reported $0.23 EPS for the quarter, topping analysts' consensus estimates of $0.17 by $0.06, RTT News reports. Infosys had a return on equity of 31.25% and a net margin of 15.91%. The company had revenue of $4.56 billion for the quarter, compared to analysts' expectations of $4.49 billion. During the same period last year, the firm earned $0.18 EPS. Infosys updated its FY 2025 guidance to EPS.

Infosys Stock Up 1.8 %

INFY traded up $0.30 on Friday, hitting $16.81. The company had a trading volume of 16,181,923 shares, compared to its average volume of 9,551,933. The company has a market cap of $69.58 billion, a PE ratio of 23.68, a PEG ratio of 2.24 and a beta of 0.93. Infosys has a 12-month low of $14.71 and a 12-month high of $20.74. The business's fifty day simple moving average is $18.80 and its 200 day simple moving average is $18.34.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on INFY shares. StockNews.com lowered Infosys from a "buy" rating to a "hold" rating in a research note on Tuesday, March 19th. HSBC reiterated a "hold" rating and issued a $20.10 price target on shares of Infosys in a research note on Friday. Bank of America upgraded Infosys from a "neutral" rating to a "buy" rating in a research note on Tuesday, April 9th. Susquehanna cut their price target on Infosys from $15.00 to $14.00 and set a "negative" rating for the company in a research note on Friday. Finally, BMO Capital Markets cut their price target on Infosys from $21.00 to $18.00 and set a "market perform" rating for the company in a research note on Friday. One analyst has rated the stock with a sell rating, five have assigned a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $19.27.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. FWL Investment Management LLC purchased a new position in Infosys in the fourth quarter worth about $27,000. Natixis purchased a new position in Infosys in the fourth quarter worth about $110,000. Penserra Capital Management LLC grew its position in Infosys by 199.0% in the fourth quarter. Penserra Capital Management LLC now owns 6,354 shares of the technology company's stock worth $114,000 after acquiring an additional 4,229 shares in the last quarter. Captrust Financial Advisors grew its position in Infosys by 24.4% in the second quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company's stock worth $121,000 after acquiring an additional 1,286 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its position in Infosys by 121.6% in the fourth quarter. Tower Research Capital LLC TRC now owns 6,614 shares of the technology company's stock worth $122,000 after acquiring an additional 3,630 shares in the last quarter. Hedge funds and other institutional investors own 10.89% 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 management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.