Public Employees Retirement System of Ohio Acquires 451,245 Shares of Infosys Limited (NYSE:INFY)

Public Employees Retirement System of Ohio increased its holdings in Infosys Limited (NYSE:INFY) by 27.9% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,069,502 shares of the technology company’s stock after buying an additional 451,245 shares during the period. Public Employees Retirement System of Ohio’s holdings in Infosys were worth $45,363,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the stock. Vise Technologies Inc. lifted its position in Infosys by 748.6% during the fourth quarter. Vise Technologies Inc. now owns 127,534 shares of the technology company’s stock worth $2,796,000 after purchasing an additional 112,505 shares during the period. Novem Group bought a new stake in shares of Infosys during the 4th quarter worth approximately $816,000. Focus Partners Advisor Solutions LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $326,000. Waverly Advisors LLC increased its stake in Infosys by 1.5% in the fourth quarter. Waverly Advisors LLC now owns 259,146 shares of the technology company’s stock valued at $5,680,000 after acquiring an additional 3,896 shares during the last quarter. Finally, Woodline Partners LP acquired a new position in Infosys during the fourth quarter valued at approximately $33,070,000. 16.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

INFY has been the topic of a number of research analyst reports. The Goldman Sachs Group downgraded Infosys from a “buy” rating to a “neutral” rating and set a $17.90 target price on the stock. in a report on Monday, April 21st. CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Investec raised Infosys from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. Stifel Nicolaus reduced their price target on shares of Infosys from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. Finally, Susquehanna raised shares of Infosys from a “negative” rating to a “neutral” rating and set a $17.00 price target on the stock in a report on Monday, April 14th. Six equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $17.48.

Infosys Price Performance

Shares of NYSE INFY opened at $18.14 on Friday. The company has a 50 day simple moving average of $17.67 and a 200 day simple moving average of $20.34. Infosys Limited has a 1 year low of $15.82 and a 1 year high of $23.63. The firm has a market cap of $75.14 billion, a PE ratio of 22.96, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. Infosys had a net margin of 17.28% and a return on equity of 31.60%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the previous year, the business earned $0.23 earnings per share. As a group, research analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal year.

About Infosys

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.