Infosys (NYSE:INFY - Get Rating) posted its earnings results on Thursday. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19, RTT News reports. Infosys had a return on equity of 30.67% and a net margin of 16.90%. During the same quarter last year, the firm earned $0.18 EPS. Infosys updated its FY 2023 guidance to EPS.

Infosys Stock Performance

NYSE:INFY opened at $18.40 on Friday. The stock's 50-day simple moving average is $18.80 and its 200 day simple moving average is $18.60. The company has a market cap of $77.42 billion, a P/E ratio of 26.29, a P/E/G ratio of 2.52 and a beta of 1.01. Infosys has a 52-week low of $16.39 and a 52-week high of $26.29.

Institutional Trading of Infosys

Hedge funds and other institutional investors have recently modified their holdings of the stock. Captrust Financial Advisors increased its position in 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 buying an additional 1,286 shares during the last quarter. Beacon Pointe Advisors LLC increased its position in Infosys by 20.8% during the first quarter. Beacon Pointe Advisors LLC now owns 9,816 shares of the technology company's stock worth $244,000 after buying an additional 1,692 shares during the last quarter. Glenmede Trust Co. NA increased its position in Infosys by 9.3% during the third quarter. Glenmede Trust Co. NA now owns 15,042 shares of the technology company's stock worth $255,000 after buying an additional 1,285 shares during the last quarter. Cresset Asset Management LLC increased its position in Infosys by 10.3% during the first quarter. Cresset Asset Management LLC now owns 11,481 shares of the technology company's stock worth $286,000 after buying an additional 1,075 shares during the last quarter. Finally, Golden State Equity Partners acquired a new position in Infosys during the first quarter worth approximately $305,000. Institutional investors and hedge funds own 12.68% of the company's stock.

Wall Street Analysts Forecast Growth


Several research firms have weighed in on INFY. Investec upgraded Infosys from a "hold" rating to a "buy" rating in a report on Friday, October 14th. Cowen cut their price target on Infosys from $19.00 to $18.00 and set a "market perform" rating on the stock in a report on Friday, October 14th. BMO Capital Markets cut their price target on Infosys from $21.00 to $20.00 and set a "market perform" rating on the stock in a report on Friday, October 14th. Susquehanna Bancshares lowered Infosys to a "neutral" rating and cut their price target for the company from $29.00 to $20.00 in a report on Friday, September 16th. Finally, Cowen cut their price target on Infosys from $19.00 to $18.00 and set a "market perform" rating on the stock in a report on Friday, October 14th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $21.06.

Infosys Company Profile

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

Further Reading

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10 Top Infosys INFY Share price target (tomorrow) | 10 top stock Price (target) Infosys INFY NSEDownside Target1342.54Downside Target1491.71Downside Target1498.56Upside target1505.67Upside target1508.17

10 Top Infosys INFY Share price target (tomorrow) | 10 top stock Price (target) Infosys INFY NSEDownside Target1269Upside target1489.11Upside target1555.4Upside target1613.8Upside target1775.18

1. Infosys Q2 Results

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  • Updated: 2023-01-20
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  • Summary: Infosys Q2 Results 2023
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2. Infosys: Industry leading revenue growth in Q1 lays robust

  • Author: prnewswire.com
  • Updated: 2023-01-20
  • Rated: 98/100 ⭐ (7974 votes)
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  • Summary: Industry leading revenue growth in Q1 lays robust
  • Matched Content: BENGALURU, India, July 24, 2022 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital 
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  • Edited by: Walliw Iphigeniah

3. Infosys Quarterly Revenue Tops Estimates Amid Stock Buyback

  • Author: investors.com
  • Updated: 2023-01-20
  • Rated: 67/100 ⭐ (5469 votes)
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  • Summary: Infosys Quarterly Revenue Tops Estimates Amid Stock Buyback
  • Matched Content: Infosys (INFY) released fiscal second-quarter earnings before the market open. Infosys stock popped 5.6% to close at 18.05 on the stock 
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  • Edited by: Tony Cynthia

4. Infosys InStep Ranked as the 'Best Internship Program' for - ADVFN

  • Author: advfn.com
  • Updated: 2022-12-14
  • Rated: 79/100 ⭐ (5199 votes)
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  • Summary: Infosys InStep Ranked as the 'Best Internship Program' for
  • Matched Content: 21, 2022 /CNW/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today 
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  • Edited by: Cammy Duston

5. Infosys InStep Ranked as the 'Best Internship - Yahoo Finance

  • Author: yahoo.com
  • Updated: 2022-12-14
  • Rated: 66/100 ⭐ (2811 votes)
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  • Summary: Infosys InStep Ranked as the 'Best Internship
  • Matched Content: 21, 2022 /PRNewswire/ -- Infosys (NSE: INFY) (BSE: INFY) (NYSE: INFY), a global leader in next-generation digital services and consulting, today 
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  • Edited by: Erina Barbabas