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

Public Employees Retirement System of Ohio boosted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 27.9% during the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,069,502 shares of the technology company's stock after acquiring an additional 451,245 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Infosys were worth $45,363,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Sierra Ocean LLC purchased a new stake in Infosys in the 4th quarter valued at about $29,000. Farther Finance Advisors LLC boosted its holdings in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares during the period. Principal Securities Inc. boosted its holdings in Infosys by 210.1% in the 4th quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after purchasing an additional 3,267 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Infosys during the 4th quarter worth $132,000. Finally, Jones Financial Companies Lllp lifted its holdings in shares of Infosys by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after acquiring an additional 1,030 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

A number of analysts have recently issued reports on INFY shares. The Goldman Sachs Group downgraded shares of Infosys from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. BMO Capital Markets decreased their target price on shares of Infosys from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Wall Street Zen upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Six investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $17.48.

Infosys Trading Up 2.2%

Shares of INFY stock traded up $0.39 during mid-day trading on Tuesday, reaching $18.50. The stock had a trading volume of 9,014,382 shares, compared to its average volume of 9,716,804. The stock's 50-day moving average price is $17.66 and its two-hundred day moving average price is $20.30. Infosys Limited has a 52-week low of $15.82 and a 52-week high of $23.63. The firm has a market capitalization of $76.63 billion, a PE ratio of 23.42, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating 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 firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same quarter in the previous year, the company earned $0.23 earnings per share. On average, equities research analysts forecast that Infosys Limited will post 0.74 earnings per share for the current year.

Infosys Company Profile

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.