Infosys (NYSE:INFY) Posts Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Infosys (NYSE:INFY) announced its quarterly earnings results on Thursday. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06, RTT News reports. The business had revenue of $4.56 billion during the quarter, compared to analysts’ expectations 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 previous year, the business posted $0.18 EPS. Infosys updated its FY 2025 guidance to EPS.

Infosys Stock Up 1.8 %

Infosys stock opened at $16.81 on Friday. The business’s 50-day simple moving average is $18.80 and its 200 day simple moving average is $18.34. The stock has a market cap 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. Infosys has a 12-month low of $14.71 and a 12-month high of $20.74.

Hedge Funds Weigh In On Infosys

Hedge funds have recently added to or reduced their stakes in the company. FWL Investment Management LLC bought a new position in Infosys during the fourth quarter worth about $27,000. Natixis acquired a new stake in shares of Infosys during the fourth quarter worth about $110,000. Penserra Capital Management LLC raised its position in shares of Infosys by 199.0% during the fourth quarter. Penserra Capital Management LLC now owns 6,354 shares of the technology company’s stock worth $114,000 after purchasing an additional 4,229 shares during the period. Captrust Financial Advisors raised its position in shares of Infosys by 24.4% during the second quarter. Captrust Financial Advisors now owns 6,549 shares of the technology company’s stock worth $121,000 after purchasing an additional 1,286 shares during the period. Finally, Tower Research Capital LLC TRC raised its position in shares of Infosys by 121.6% during the fourth quarter. Tower Research Capital LLC TRC now owns 6,614 shares of the technology company’s stock worth $122,000 after purchasing an additional 3,630 shares during the period. Institutional investors own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on INFY. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research report on Tuesday, March 19th. BMO Capital Markets decreased their target price on Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research report on Friday. UBS Group raised Infosys from a “neutral” rating to a “buy” rating in a research report on Wednesday, January 3rd. JPMorgan Chase & Co. raised Infosys from a “neutral” rating to an “overweight” rating in a research report on Wednesday, January 3rd. Finally, HSBC reissued a “hold” rating and issued a $20.10 price objective on shares of Infosys in a research report on Friday. One 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. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target 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.