State of New Jersey Common Pension Fund D Sells 109,639 Shares of Infosys Limited (NYSE:INFY)

State of New Jersey Common Pension Fund D decreased its holdings in shares of Infosys Limited (NYSE:INFY - Free Report) by 3.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,200,230 shares of the technology company's stock after selling 109,639 shares during the quarter. State of New Jersey Common Pension Fund D owned about 0.08% of Infosys worth $70,149,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Robeco Institutional Asset Management B.V. grew its holdings in Infosys by 68.8% during the third quarter. Robeco Institutional Asset Management B.V. now owns 24,339,983 shares of the technology company's stock valued at $542,051,000 after purchasing an additional 9,923,744 shares during the period. Victory Capital Management Inc. lifted its position in shares of Infosys by 6,071.1% in the third quarter. Victory Capital Management Inc. now owns 4,739,830 shares of the technology company's stock worth $105,556,000 after purchasing an additional 4,663,023 shares in the last quarter. Public Employees Retirement System of Ohio bought a new stake in shares of Infosys in the third quarter worth $36,039,000. Connor Clark & Lunn Investment Management Ltd. raised its position in Infosys by 186.3% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 2,186,685 shares of the technology company's stock worth $48,697,000 after acquiring an additional 1,422,814 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. raised its position in Infosys by 1,606.5% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,454,437 shares of the technology company's stock worth $32,143,000 after acquiring an additional 1,369,210 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Infosys Trading Up 0.6 %

NYSE:INFY traded up $0.14 on Thursday, reaching $21.35. 10,776,604 shares of the stock traded hands, compared to its average volume of 9,798,315. The firm has a market capitalization of $88.41 billion, a price-to-earnings ratio of 27.02, a price-to-earnings-growth ratio of 3.51 and a beta of 1.00. The company's 50 day moving average is $22.22 and its 200-day moving average is $22.30. Infosys Limited has a 1-year low of $16.04 and a 1-year high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same quarter in the prior year, the business posted $0.18 earnings per share. On average, equities research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analyst Ratings Changes

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

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.