Infosys Ltd. $INFY Holdings Lessened by Quadrant Capital Group LLC

Key Points

• Quadrant Capital Group cut its Infosys stake by 51.7% in the third quarter, selling 129,204 shares and retaining 120,557 shares valued at approximately $1.37 million.
• Analyst sentiment remains cautious: ten analysts rate Infosys a Hold and one rates it Sell, producing a consensus rating of Reduce and an average price target of $11.45.
• Infosys reported quarterly EPS of $0.20, below the $0.21 consensus estimate, while revenue reached $5.19 billion; the stock opened at $12.34 and was reported down 6.6%.

Quadrant Capital Group LLC lessened its stake in Infosys Ltd. (NYSE:INFY - Free Report) by 51.7% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 120,557 shares of the technology company's stock after selling 129,204 shares during the quarter. Quadrant Capital Group LLC's holdings in Infosys were worth $1,374,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the stock. Lazard Asset Management LLC grew its stake in Infosys by 17.0% during the first quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company's stock valued at $361,750,000 after acquiring an additional 3,893,801 shares in the last quarter. Trinity Street Asset Management LLP lifted its stake in Infosys by 45.5% in the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company's stock worth $201,820,000 after purchasing an additional 4,674,742 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Infosys by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company's stock worth $105,206,000 after purchasing an additional 52,393 shares in the last quarter. Bank of America Corp DE boosted its holdings in shares of Infosys by 7.4% during the 1st quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company's stock valued at $91,742,000 after purchasing an additional 469,843 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in shares of Infosys by 8.7% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company's stock valued at $87,685,000 after purchasing an additional 521,169 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

Several equities research analysts have recently issued reports on INFY shares. TD Cowen reaffirmed a "hold" rating and issued a $9.00 target price (down from $10.00) on shares of Infosys in a report on Friday, July 24th. Weiss Ratings lowered Infosys from a "hold (c-)" rating to a "sell (d+)" rating in a research note on Tuesday, July 28th. The Goldman Sachs Group restated a "neutral" rating and set a $10.40 price target on shares of Infosys in a report on Thursday, October 1st. BMO Capital Markets restated a "market perform" rating and set a $12.00 price target (down from $13.00) on shares of Infosys in a report on Friday, July 24th. Finally, Wells Fargo & Company set a $11.00 price objective on Infosys and gave the stock an "equal weight" rating in a research note on Friday, June 26th. Ten equities research analysts have rated the stock with a Hold rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Reduce" and a consensus target price of $11.45.

Infosys Stock Down 6.6%

INFY stock opened at $12.34 on Friday. Infosys Ltd. has a 52 week low of $10.12 and a 52 week high of $30.00. The company has a fifty day simple moving average of $11.45 and a two-hundred day simple moving average of $11.93. The firm has a market capitalization of $49.99 billion, a P/E ratio of 15.74, a price-to-earnings-growth ratio of 3.08 and a beta of 0.88.

Infosys (NYSE:INFY - Get Free Report) last posted its earnings results on Friday, October 23rd. The technology company reported $0.20 earnings per share for the quarter, missing analysts' consensus estimates 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 $5.19 billion during the quarter, compared to the consensus estimate of $5.12 billion. As a group, analysts anticipate that Infosys Ltd. will post 0.81 EPS for the current year.

More Infosys News

Here are the key news stories impacting Infosys this week:

• Positive Sentiment: Infosys reported a 29% sequential increase in AI revenue, highlighting demand for its AI-first consulting and technology services. Infosys AI revenue growth
• Positive Sentiment: Second-quarter large-deal total contract value reached $5.2 billion, with 62% coming from net-new business, potentially supporting future revenue growth. Operating margin remained stable at 21%, within the company’s 20%-22% target range. Infosys AI strategy and deal wins
• Neutral Sentiment: Jefferies maintained a Hold rating, suggesting the firm sees a more balanced risk-reward profile following the earnings update. Jefferies Hold rating
• Negative Sentiment: Revenue of $5.145 billion rose 1.5% year over year and 1.2% sequentially in constant currency, but fell short of expectations. Earnings per share of $0.20 also missed the $0.21 consensus estimate. Infosys revenue and guidance miss
• Negative Sentiment: Infosys reduced its FY2027 constant-currency revenue-growth guidance to 1%-2%. Its reported revenue outlook of $20.4 billion-$20.6 billion was broadly in line with consensus, but the lower growth range raised concerns about weak demand and limited near-term expansion. Infosys lowers revenue forecast
• Negative Sentiment: Net profit and EPS declined despite modest revenue growth, reinforcing concerns that AI investments and current business conditions are not yet translating into stronger earnings. Infosys quarterly earnings

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. 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.

Want to see what other hedge funds are holding INFY? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Infosys Ltd. (NYSE:INFY - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.