Infosys Ltd (NYSE:INFY) – Cantor Fitzgerald issued their FY2019 earnings per share estimates for Infosys in a report issued on Monday. Cantor Fitzgerald analyst J. Foresi anticipates that the technology company will earn $1.05 per share for the year.

A number of other analysts have also weighed in on INFY. Zacks Investment Research raised shares of Infosys from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Tuesday, September 19th. Cowen reissued a “hold” rating and issued a $15.00 price objective on shares of Infosys in a research report on Thursday, October 12th. Robert W. Baird restated a “hold” rating and issued a $16.00 target price on shares of Infosys in a research note on Wednesday, October 4th. Oppenheimer restated a “hold” rating on shares of Infosys in a research note on Tuesday, October 24th. Finally, BidaskClub downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research note on Tuesday, September 12th. Three research analysts have rated the stock with a sell rating, nine have issued a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $15.48.

Shares of Infosys (NYSE:INFY) traded up $0.30 during midday trading on Wednesday, hitting $16.35. 4,901,852 shares of the stock traded hands, compared to its average volume of 6,079,075. Infosys has a 52-week low of $13.42 and a 52-week high of $16.39. The stock has a market cap of $35,450.00, a PE ratio of 16.35, a price-to-earnings-growth ratio of 1.84 and a beta of 0.73.

Infosys (NYSE:INFY) last announced its earnings results on Tuesday, October 24th. The technology company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.24 by $0.01. The firm had revenue of $2.73 billion for the quarter, compared to analysts’ expectations of $2.78 billion. Infosys had a net margin of 21.04% and a return on equity of 21.05%. During the same period in the prior year, the company earned $0.24 EPS.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its stake in Infosys by 2.2% in the second quarter. The Manufacturers Life Insurance Company now owns 18,729 shares of the technology company’s stock valued at $282,000 after acquiring an additional 395 shares in the last quarter. M&T Bank Corp boosted its stake in Infosys by 0.9% in the second quarter. M&T Bank Corp now owns 68,760 shares of the technology company’s stock valued at $1,033,000 after acquiring an additional 590 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Infosys by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 13,365 shares of the technology company’s stock valued at $201,000 after acquiring an additional 605 shares in the last quarter. Cambridge Investment Research Advisors Inc. boosted its stake in Infosys by 3.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 31,310 shares of the technology company’s stock valued at $470,000 after acquiring an additional 957 shares in the last quarter. Finally, Peapack Gladstone Financial Corp boosted its stake in Infosys by 6.0% in the second quarter. Peapack Gladstone Financial Corp now owns 17,720 shares of the technology company’s stock valued at $266,000 after acquiring an additional 1,000 shares in the last quarter. Hedge funds and other institutional investors own 18.85% of the company’s stock.

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About Infosys

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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