Infosys Ltd (NYSE:INFY) – William Blair dropped their Q4 2019 earnings estimates for Infosys in a research note issued to investors on Wednesday, October 17th. William Blair analyst M. Nolan now anticipates that the technology company will post earnings of $0.13 per share for the quarter, down from their prior estimate of $0.14. William Blair also issued estimates for Infosys’ Q4 2020 earnings at $0.14 EPS.
Infosys (NYSE:INFY) last posted its quarterly earnings data on Tuesday, October 16th. The technology company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The firm had revenue of $2.92 billion during the quarter, compared to analysts’ expectations of $2.89 billion. Infosys had a net margin of 21.94% and a return on equity of 24.56%. During the same quarter last year, the company posted $0.13 EPS.
NYSE:INFY opened at $9.58 on Thursday. The company has a market cap of $42.59 billion, a P/E ratio of 19.16, a P/E/G ratio of 1.89 and a beta of 0.41. Infosys has a fifty-two week low of $7.07 and a fifty-two week high of $10.65.
Institutional investors have recently added to or reduced their stakes in the business. Benjamin F. Edwards & Company Inc. lifted its holdings in Infosys by 269.3% during the 2nd quarter. Benjamin F. Edwards & Company Inc. now owns 5,540 shares of the technology company’s stock worth $108,000 after buying an additional 4,040 shares in the last quarter. Cornerstone Wealth Management LLC acquired a new stake in Infosys during the 2nd quarter worth approximately $465,000. Cynosure Advisors LLC acquired a new stake in shares of Infosys in the 1st quarter valued at $179,000. TIAA FSB acquired a new stake in shares of Infosys in the 2nd quarter valued at $203,000. Finally, Daiwa SB Investments Ltd. raised its holdings in shares of Infosys by 100.0% in the 3rd quarter. Daiwa SB Investments Ltd. now owns 10,600 shares of the technology company’s stock valued at $108,000 after purchasing an additional 5,300 shares in the last quarter. Institutional investors own 8.83% of the company’s stock.
Infosys Company Profile
Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.
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