State of New Jersey Common Pension Fund D Has $70.15 Million Holdings in Infosys Limited (NYSE:INFY)

State of New Jersey Common Pension Fund D lowered its position in shares of Infosys Limited (NYSE:INFY) by 3.3% during the fourth quarter, Holdings Channel reports. The fund 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’s holdings in Infosys were worth $70,149,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. Sierra Ocean LLC acquired a new position in Infosys in the 4th quarter valued at approximately $29,000. Mizuho Securities Co. Ltd. acquired a new position in Infosys in the 3rd quarter valued at approximately $33,000. Brooklyn Investment Group acquired a new position in Infosys in the 4th quarter valued at approximately $52,000. Wilmington Savings Fund Society FSB acquired a new position in Infosys in the 3rd quarter valued at approximately $57,000. Finally, Whittier Trust Co. of Nevada Inc. increased its stake in Infosys by 25.3% in the 3rd quarter. Whittier Trust Co. of Nevada Inc. now owns 3,795 shares of the technology company’s stock valued at $85,000 after buying an additional 766 shares during the period. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Trading Down 0.8 %

NYSE INFY opened at $21.58 on Monday. The company has a fifty day simple moving average of $22.33 and a 200 day simple moving average of $22.31. The company has a market cap of $89.36 billion, a P/E ratio of 27.31, a P/E/G ratio of 3.64 and a beta of 1.00. Infosys Limited has a 1 year low of $16.04 and a 1 year high of $23.63.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, January 16th. The technology company reported $0.19 earnings per share (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 company posted $0.18 earnings per share. Equities research analysts forecast that Infosys Limited will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

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

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.