New York State Common Retirement Fund Takes $14.82 Million Position in Infosys Limited (NYSE:INFY)

New York State Common Retirement Fund purchased a new stake in shares of Infosys Limited (NYSE:INFY - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 676,022 shares of the technology company's stock, valued at approximately $14,818,000.

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

Analysts Set New Price Targets

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

Infosys Stock Down 1.3 %

Shares of NYSE:INFY traded down $0.27 on Thursday, reaching $20.51. The company had a trading volume of 10,206,562 shares, compared to its average volume of 9,912,822. The stock has a market capitalization of $84.93 billion, a P/E ratio of 25.96, a P/E/G ratio of 3.50 and a beta of 1.00. The stock has a 50-day moving average price of $22.00 and a 200 day moving average price of $22.29. Infosys Limited has a twelve month low of $16.04 and a twelve month high of $23.63.

Infosys (NYSE:INFY - Get Free Report) last posted 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 period last year, the company posted $0.18 earnings per share. On average, sell-side analysts predict 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.