Employees Retirement System of Texas Increases Stake in Infosys Limited (NYSE:INFY)

Employees Retirement System of Texas grew its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 539.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 78,699 shares of the technology company's stock after acquiring an additional 66,385 shares during the quarter. Employees Retirement System of Texas' holdings in Infosys were worth $1,725,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the business. Mackenzie Financial Corp increased its stake in Infosys by 159.1% in the fourth quarter. Mackenzie Financial Corp now owns 463,502 shares of the technology company's stock valued at $10,160,000 after acquiring an additional 284,599 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in shares of Infosys by 27.9% in the 4th quarter. Public Employees Retirement System of Ohio now owns 2,069,502 shares of the technology company's stock worth $45,363,000 after purchasing an additional 451,245 shares in the last quarter. Vise Technologies Inc. boosted its holdings in shares of Infosys by 748.6% in the 4th 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 in the last quarter. Novem Group bought a new position in shares of Infosys during the 4th quarter valued at about $816,000. Finally, Focus Partners Advisor Solutions LLC purchased a new position in shares of Infosys during the 4th quarter valued at about $326,000. Institutional investors own 16.20% of the company's stock.

Infosys Stock Performance

NYSE:INFY traded down $0.27 during midday trading on Friday, reaching $18.19. 12,638,259 shares of the stock traded hands, compared to its average volume of 9,702,278. The stock has a market capitalization of $75.34 billion, a P/E ratio of 23.03, a PEG ratio of 3.50 and a beta of 0.98. The company has a fifty day moving average of $17.66 and a 200 day moving average of $20.22. Infosys Limited has a 12 month low of $15.82 and a 12 month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share 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 during the quarter, compared to analyst estimates of $420.69 billion. During the same period in the prior year, the business posted $0.23 earnings per share. On average, analysts predict that Infosys Limited will post 0.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have issued reports on INFY shares. Wall Street Zen raised Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. The Goldman Sachs Group cut shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a research note on Monday, April 21st. Susquehanna raised shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Stifel Nicolaus lowered their price target on shares of Infosys from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Finally, CLSA raised Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, Infosys has an average rating of "Moderate Buy" and a consensus price target of $17.48.

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.