Infosys Ltd (NYSE:INFY) – Research analysts at William Blair raised their FY2018 EPS estimates for shares of Infosys in a research report issued on Friday. William Blair analyst A. Doradla now expects that the technology company will post earnings per share of $1.09 for the year, up from their prior forecast of $0.98. William Blair also issued estimates for Infosys’ Q4 2018 earnings at $0.25 EPS, Q1 2019 earnings at $0.26 EPS, Q2 2019 earnings at $0.26 EPS, Q3 2019 earnings at $0.26 EPS and Q4 2019 earnings at $0.27 EPS.

Infosys (NYSE:INFY) last announced its earnings results on Friday, January 12th. The technology company reported $0.25 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.25. The business had revenue of $2.76 billion for the quarter, compared to analyst estimates of $2.74 billion. Infosys had a net margin of 22.97% and a return on equity of 20.70%. During the same period last year, the firm posted $0.24 earnings per share.

A number of other equities analysts have also issued reports on INFY. Zacks Investment Research lowered shares of Infosys from a “buy” rating to a “hold” rating in a research report on Monday, September 18th. Robert W. Baird reiterated a “hold” rating and issued a $16.00 price objective on shares of Infosys in a research report on Wednesday, October 4th. Cowen reiterated a “hold” rating and issued a $15.00 price objective on shares of Infosys in a research report on Thursday, October 12th. Oppenheimer reiterated a “hold” rating on shares of Infosys in a research report on Tuesday, October 24th. Finally, Stifel Nicolaus reiterated a “hold” rating on shares of Infosys in a research report on Thursday, October 26th. Two equities research analysts have rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the company’s stock. Infosys currently has an average rating of “Hold” and an average target price of $15.77.

Shares of Infosys (INFY) traded up $0.97 on Monday, hitting $17.78. 17,140,000 shares of the stock were exchanged, compared to its average volume of 5,290,000. The stock has a market capitalization of $39,130.00, a price-to-earnings ratio of 16.16, a PEG ratio of 1.89 and a beta of 0.73. Infosys has a twelve month low of $13.42 and a twelve month high of $18.24.

A number of large investors have recently bought and sold shares of INFY. Mondrian Investment Partners LTD boosted its position in shares of Infosys by 67.4% during the 3rd quarter. Mondrian Investment Partners LTD now owns 8,792,515 shares of the technology company’s stock worth $128,283,000 after purchasing an additional 3,541,514 shares in the last quarter. ARGA Investment Management LP purchased a new stake in shares of Infosys during the 3rd quarter worth $45,436,000. Yacktman Asset Management LP boosted its position in shares of Infosys by 56.8% during the 3rd quarter. Yacktman Asset Management LP now owns 6,031,017 shares of the technology company’s stock worth $87,993,000 after purchasing an additional 2,184,646 shares in the last quarter. Renaissance Technologies LLC purchased a new stake in shares of Infosys during the 2nd quarter worth $32,433,000. Finally, Polaris Capital Management LLC boosted its position in shares of Infosys by 24.8% during the 2nd quarter. Polaris Capital Management LLC now owns 7,765,928 shares of the technology company’s stock worth $116,644,000 after purchasing an additional 1,541,776 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.

Earnings History and Estimates for Infosys (NYSE:INFY)

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