New York State Common Retirement Fund Buys New Stake in Infosys Limited (NYSE:INFY)

New York State Common Retirement Fund purchased a new position in shares of Infosys Limited (NYSE:INFY) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 676,022 shares of the technology company’s stock, valued at approximately $14,818,000.

Other institutional investors also recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Infosys in the fourth quarter valued at $29,000. Mizuho Securities Co. Ltd. acquired a new position in shares of Infosys during the 3rd quarter valued at about $33,000. Brooklyn Investment Group purchased a new position in shares of Infosys during the 4th quarter worth about $52,000. Wilmington Savings Fund Society FSB acquired a new stake in shares of Infosys in the third quarter worth approximately $57,000. Finally, GAMMA Investing LLC grew its holdings in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the company. Hsbc Global Res upgraded Infosys from a “hold” rating to a “strong-buy” rating in a report on Monday, December 9th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. HSBC upgraded Infosys from a “hold” rating to a “buy” rating in a report on Monday, December 9th. Finally, StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a report on Wednesday, January 22nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Infosys has an average rating of “Hold” and a consensus target price of $20.22.

Infosys Price Performance

Shares of NYSE INFY opened at $21.17 on Monday. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63. The company has a market capitalization of $87.67 billion, a price-to-earnings ratio of 26.79, a PEG ratio of 3.50 and a beta of 1.00. The business has a 50-day moving average of $22.13 and a 200-day moving average of $22.31.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same period in the previous year, the firm posted $0.18 earnings per share. Research analysts expect that Infosys Limited will post 0.74 EPS 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.