Infosys Limited (NYSE:INFY) Shares Bought by Public Employees Retirement System of Ohio

Public Employees Retirement System of Ohio grew its position in shares of Infosys Limited (NYSE:INFY - Free Report) by 27.9% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,069,502 shares of the technology company's stock after buying an additional 451,245 shares during the quarter. Public Employees Retirement System of Ohio's holdings in Infosys were worth $45,363,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also recently modified their holdings of the business. First Trust Advisors LP grew its holdings in Infosys by 14.5% during the 4th quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock valued at $710,430,000 after purchasing an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its holdings in Infosys by 6.2% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 25,841,022 shares of the technology company's stock valued at $566,435,000 after acquiring an additional 1,501,039 shares during the period. Fisher Asset Management LLC raised its position in Infosys by 0.7% during the 4th quarter. Fisher Asset Management LLC now owns 14,517,359 shares of the technology company's stock valued at $318,221,000 after purchasing an additional 102,341 shares in the last quarter. Franklin Resources Inc. grew its position in shares of Infosys by 2.0% during the 4th quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock worth $252,114,000 after buying an additional 229,482 shares in the last quarter. Finally, AQR Capital Management LLC increased its stake in shares of Infosys by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after buying an additional 6,693,127 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

INFY has been the subject of a number of recent research reports. CLSA upgraded shares of Infosys from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Investec upgraded shares of Infosys from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Susquehanna upgraded shares of Infosys from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research note on Monday, April 14th. Wall Street Zen upgraded shares of Infosys from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, 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 research report on Monday, April 21st. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Infosys presently has an average rating of "Moderate Buy" and an average target price of $17.48.

Infosys Stock Up 0.6%

Shares of INFY traded up $0.12 during midday trading on Thursday, reaching $18.48. The company had a trading volume of 2,972,120 shares, compared to its average volume of 9,671,149. The firm has a 50 day simple moving average of $17.67 and a 200-day simple moving average of $20.28. Infosys Limited has a 1-year low of $15.82 and a 1-year high of $23.63. The stock has a market cap of $76.52 billion, a PE ratio of 23.37, a price-to-earnings-growth ratio of 3.50 and a beta of 0.98.

Infosys (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping the consensus estimate of $0.19 by $0.01. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period in the prior year, the firm earned $0.23 EPS. As a group, sell-side analysts anticipate that Infosys Limited will post 0.74 earnings per share for the current fiscal 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.