State of New Jersey Common Pension Fund D Has $87.54 Million Position in Infosys Limited (NYSE:INFY)

State of New Jersey Common Pension Fund D grew its position in Infosys Limited (NYSE:INFY) by 1.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,762,663 shares of the technology company’s stock after purchasing an additional 53,155 shares during the period. State of New Jersey Common Pension Fund D’s holdings in Infosys were worth $87,538,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in INFY. FMR LLC raised its holdings in Infosys by 15.2% during the 3rd quarter. FMR LLC now owns 24,819,637 shares of the technology company’s stock worth $424,664,000 after purchasing an additional 3,275,485 shares during the last quarter. Canada Pension Plan Investment Board bought a new stake in shares of Infosys in the 3rd quarter valued at about $158,356,000. Vanguard Group Inc. increased its stake in shares of Infosys by 2.3% in the 3rd quarter. Vanguard Group Inc. now owns 8,143,005 shares of the technology company’s stock valued at $139,327,000 after acquiring an additional 180,888 shares during the last quarter. Aikya Investment Management Ltd bought a new stake in shares of Infosys in the 4th quarter valued at about $71,409,000. Finally, Oaktree Capital Management LP increased its stake in shares of Infosys by 2.9% in the 3rd quarter. Oaktree Capital Management LP now owns 3,809,087 shares of the technology company’s stock valued at $65,173,000 after acquiring an additional 107,729 shares during the last quarter. Institutional investors and hedge funds own 10.89% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. StockNews.com cut Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Susquehanna lowered their price target on Infosys from $15.00 to $14.00 and set a “negative” rating for the company in a research note on Friday, April 19th. Guggenheim started coverage on Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 price target for the company. Wedbush reiterated an “outperform” rating and issued a $22.00 price objective on shares of Infosys in a research report on Wednesday, March 13th. Finally, HSBC reiterated a “hold” rating and issued a $20.10 price objective on shares of Infosys in a research report on Friday, April 19th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $19.27.

Infosys Trading Down 0.4 %

Shares of NYSE INFY traded down $0.06 during midday trading on Friday, reaching $16.95. The company’s stock had a trading volume of 8,844,959 shares, compared to its average volume of 9,703,239. Infosys Limited has a fifty-two week low of $14.98 and a fifty-two week high of $20.74. The stock has a 50 day simple moving average of $18.56 and a 200-day simple moving average of $18.33. The stock has a market capitalization of $70.16 billion, a price-to-earnings ratio of 22.38, a PEG ratio of 2.28 and a beta of 0.93.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a net margin of 17.06% and a return on equity of 32.33%. During the same period in the previous year, the firm posted $0.18 EPS. As a group, equities analysts anticipate that Infosys Limited will post 0.75 EPS for the current year.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.