Infosys Limited (NYSE:INFY) Shares Acquired by Employees Retirement System of Texas

Employees Retirement System of Texas boosted its holdings in Infosys Limited (NYSE:INFY - Free Report) by 539.1% during the fourth quarter, according to its most recent 13F filing with the Securities & 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 reporting period.

Several other hedge funds have also recently added to or reduced their stakes in INFY. Sierra Ocean LLC bought a new stake in shares of Infosys in the fourth quarter worth approximately $29,000. Brooklyn Investment Group bought a new position in shares of Infosys during the fourth quarter worth $52,000. Wilmington Savings Fund Society FSB purchased a new position in shares of Infosys during the third quarter valued at about $57,000. Farther Finance Advisors LLC increased its stake in Infosys by 69.7% in the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after acquiring an additional 1,279 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Infosys by 14.2% in the 4th quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company's stock worth $99,000 after buying an additional 560 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

Analyst Ratings Changes

Several analysts have recently weighed in on the stock. StockNews.com raised shares of Infosys from a "hold" rating to a "buy" rating in a research note on Monday, April 7th. Guggenheim reiterated a "neutral" rating on shares of Infosys in a research report on Friday, January 17th. Finally, CLSA upgraded Infosys from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company's stock. According to MarketBeat, Infosys presently has a consensus rating of "Hold" and a consensus price target of $19.70.

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Infosys Trading Down 0.7 %

Shares of INFY stock traded down $0.13 during mid-day trading on Friday, reaching $16.86. The stock had a trading volume of 15,133,426 shares, compared to its average volume of 9,640,614. The business has a 50-day simple moving average of $19.40 and a 200 day simple moving average of $21.29. The company has a market cap of $69.81 billion, a P/E ratio of 21.34, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys Limited has a 12-month low of $16.04 and a 12-month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last released its earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. Infosys had a return on equity of 31.60% and a net margin of 17.28%. During the same quarter in the prior year, the firm earned $0.18 EPS. Research analysts anticipate that Infosys Limited will post 0.74 EPS for the current year.

Infosys 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.