Infosys (INFY) Scheduled to Post Quarterly Earnings on Thursday

Infosys (NYSE:INFY) is scheduled to be releasing its earnings data before the market opens on Thursday, April 18th. Analysts expect Infosys to post earnings of $0.17 per share for the quarter. Persons that wish to listen to the company’s earnings conference call can do so using this link.

Infosys Stock Down 1.3 %

Shares of INFY opened at $17.05 on Wednesday. The business’s 50 day moving average price is $19.01 and its 200-day moving average price is $18.36. Infosys has a 52 week low of $14.71 and a 52 week high of $20.74. The stock has a market cap of $70.57 billion, a P/E ratio of 24.01, a P/E/G ratio of 2.34 and a beta of 0.93.

Analysts Set New Price Targets

A number of brokerages recently commented on INFY. JPMorgan Chase & Co. raised Infosys from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 3rd. StockNews.com downgraded shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. Guggenheim assumed coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price objective for the company. Finally, UBS Group raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.76.

Hedge Funds Weigh In On Infosys

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Captrust Financial Advisors raised its position in shares of Infosys by 88.5% in the third quarter. Captrust Financial Advisors now owns 12,343 shares of the technology company’s stock valued at $209,000 after buying an additional 5,794 shares during the last quarter. Laidlaw Wealth Management LLC acquired a new position in shares of Infosys in the fourth quarter valued at approximately $202,000. MML Investors Services LLC raised its position in shares of Infosys by 6.4% in the second quarter. MML Investors Services LLC now owns 12,408 shares of the technology company’s stock valued at $199,000 after buying an additional 742 shares during the last quarter. Nwam LLC acquired a new position in shares of Infosys in the fourth quarter valued at approximately $193,000. Finally, Baird Financial Group Inc. acquired a new position in shares of Infosys in the fourth quarter valued at approximately $189,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

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.