Lazard Asset Management LLC Buys 3,893,801 Shares of Infosys Ltd. $INFY

Lazard Asset Management LLC grew its stake in Infosys Ltd. (NYSE:INFY) by 17.0% during the 1st quarter, HoldingsChannel.com reports. The firm owned 26,776,494 shares of the technology company’s stock after buying an additional 3,893,801 shares during the period. Lazard Asset Management LLC’s holdings in Infosys were worth $361,750,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also made changes to their positions in the company. Weiss Asset Management LP acquired a new stake in Infosys during the first quarter worth about $10,708,000. Van Diest Capital LLC acquired a new position in Infosys in the 1st quarter valued at approximately $370,000. Waverly Advisors LLC lifted its position in shares of Infosys by 3.6% in the 1st quarter. Waverly Advisors LLC now owns 326,426 shares of the technology company’s stock worth $4,410,000 after acquiring an additional 11,218 shares during the period. Modern Wealth Management LLC grew its holdings in shares of Infosys by 33.3% during the 1st quarter. Modern Wealth Management LLC now owns 21,829 shares of the technology company’s stock worth $290,000 after purchasing an additional 5,450 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership grew 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 worth $87,685,000 after purchasing an additional 521,169 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INFY shares. HSBC set a $11.47 target price on Infosys in a research note on Friday. Stifel Nicolaus set a $13.00 price target on shares of Infosys and gave the company a “hold” rating in a report on Thursday, July 16th. TD Cowen restated a “hold” rating and issued a $9.00 price objective (down from $10.00) on shares of Infosys in a research note on Friday. Wells Fargo & Company set a $11.00 price objective on shares of Infosys and gave the stock an “equal weight” rating in a report on Friday, June 26th. Finally, BMO Capital Markets reiterated a “market perform” rating and set a $12.00 target price (down from $13.00) on shares of Infosys in a research report on Friday. Eight equities research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Reduce” and an average target price of $11.63.

Key Headlines Impacting Infosys

Here are the key news stories impacting Infosys this week:

• Positive Sentiment: Infosys highlighted AI revenues at 8.2% of sales, showing continued traction in higher-growth services, while operating margin held firm at 21.1%. Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
• Positive Sentiment: The company reported strong large-deal wins of $3.6 billion and generated robust free cash flow, which supports the longer-term investment case. Infosys: AI Revenues at 8.2% in Q1; Resilient Operating Margin of 21.1%
• Neutral Sentiment: Infosys named Ashiss Kumar Dash as CEO-designate, giving the market a clearer leadership succession plan. India’s Infosys misses quarterly revenue view, names CEO designate
• Negative Sentiment: Q1 earnings and revenue missed estimates, with softer volumes and a client exit offsetting growth in AI services. Infosys Q1 Earnings Miss Estimates, Revenues Increase Y/Y
• Negative Sentiment: Infosys narrowed its FY27 revenue growth outlook to 1.5%-3.0%, signaling a more cautious view on demand and contributing to the stock’s decline. India’s Infosys misses quarterly revenue view, names CEO designate
• Negative Sentiment: Several brokerages cut price targets or turned more cautious after the results, reinforcing concern that near-term upside may be limited. These Analysts Slash Their Forecasts On Infosys After Q1 Results

Infosys Price Performance

Shares of INFY stock opened at $11.13 on Monday. The stock’s fifty day simple moving average is $11.62 and its 200 day simple moving average is $13.68. The firm has a market cap of $45.03 billion, a price-to-earnings ratio of 13.74, a P/E/G ratio of 2.57 and a beta of 0.90. Infosys Ltd. has a one year low of $10.30 and a one year high of $30.00.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, July 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 net margin of 16.38% and a return on equity of 33.91%. The company had revenue of $4.99 billion during the quarter, compared to the consensus estimate of $5.08 billion. On average, research analysts anticipate that Infosys Ltd. will post 0.81 earnings per share for the current year.

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.