Public Employees Retirement System of Ohio Buys New Stake in Infosys Ltd. $INFY

Public Employees Retirement System of Ohio bought a new stake in shares of Infosys Ltd. (NYSE:INFY) during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund bought 2,214,958 shares of the technology company’s stock, valued at approximately $23,235,000. Public Employees Retirement System of Ohio owned approximately 0.05% of Infosys at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. V Square Quantitative Management LLC acquired a new position in shares of Infosys during the first quarter valued at $97,000. State of Wyoming bought a new position in Infosys in the 1st quarter valued at about $134,000. Aureus Asset Management LLC bought a new position in Infosys in the 1st quarter valued at about $142,000. Laidlaw Wealth Management LLC acquired a new position in Infosys during the 2nd quarter valued at about $117,000. Finally, Able Wealth Management LLC bought a new stake in shares of Infosys during the 1st quarter worth about $163,000. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Up 1.6%

Shares of NYSE:INFY opened at $12.09 on Friday. The company’s fifty day moving average is $11.58 and its two-hundred day moving average is $12.68. Infosys Ltd. has a 12-month low of $10.30 and a 12-month high of $30.00. The company has a market cap of $48.96 billion, a P/E ratio of 14.93, a price-to-earnings-growth ratio of 2.81 and a beta of 0.88.

Infosys (NYSE:INFY) last issued its earnings results on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). Infosys had a return on equity of 33.91% and a net margin of 16.38%.The business had revenue of $4.99 billion during the quarter, compared to analyst estimates of $5.08 billion. Equities research analysts anticipate that Infosys Ltd. will post 0.81 earnings per share for the current year.

Analyst Ratings Changes

INFY has been the subject of several recent analyst reports. TD Cowen reiterated a “hold” rating and issued a $9.00 price objective (down from $10.00) on shares of Infosys in a report on Friday, July 24th. Wells Fargo & Company set a $11.00 target price on Infosys and gave the stock an “equal weight” rating in a report on Friday, June 26th. Weiss Ratings lowered Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a research note on Tuesday, July 28th. CLSA cut Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Finally, Susquehanna cut their price objective on Infosys from $12.00 to $11.00 and set a “neutral” rating for the company in a report on Friday, July 24th. Nine analysts have rated the stock with a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat, Infosys has an average rating of “Reduce” and a consensus price target of $11.63.

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. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.