# Infosys Limited (INFY)

> Source: Nexqual · https://nexqual.com/INFY · data as of 2026-10-23 17:00 UTC · cite as "Nexqual, Infosys Limited (INFY), nexqual.com/INFY" · informational, not investment advice.

**Price:** USD 12.48 (-5.64% today) · US market open, as of October 23, 2026 at 17:00 UTC; quotes may be delayed. Prev close 13.22 · day 12.21–12.69 · 52w 10.12–30 · market cap $50.5B · NYQ

## Key facts
- 1 of 80 tracked superinvestors hold INFY (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Insider open-market sales, last ~7 months: 4 Form 4 filings, $119M; 4 not under a Rule 10b5-1 plan ($119M); 0 by opportunistic insiders, 0 by routine insiders (three-year test, Cohen, Malloy & Pomorski 2012).
- Analysts: Hold (mean 2.79 on a 1–5 scale) (14 analysts), mean target USD 11.67 (range 9–14.1).
- Total return with dividends: 1Y -26.2% vs S&P 500 +14.6%; 5Y -36.2% vs S&P 500 +77.3%.
- Next earnings: 2026-10-23, EPS estimate USD 0.21, revenue estimate $492B.

## Superinvestors (SEC 13F-HR, Q2 2026)
1 of 80 tracked investors hold INFY. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Sarah Ketterer | Causeway Capital Management | 0.06% | $5.5M | Reduced -72.2% |

## Insider sales (SEC Form 4, open-market, last ~7 months)
0 of 4 under a Rule 10b5-1 trading plan (scheduled in advance). Unplanned sales were timed by the insider.
| Trade date | Insider | Role | Shares | Value | % of holdings sold | 10b5-1 plan | Insider type |
|---|---|---|---|---|---|---|---|
| 2026-05-14 | Sanghrajka Jayesh | Chief Financial Officer | 5,191 | $5.7M | 2.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Mathew Shaji | Chief Human Resources Officer | 740 | $808K | 0.2% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-14 | Sawhney Inderpreet | Chief Legal Officer | 6,845 | $81K | 1.8% | No | Too little history (no open-market trades in 2023–2025) |
| 2026-05-08 | Parekh Salil S. | CEO & Managing Director | 95,800 | $113M | 5.7% | No | Too little history (no open-market trades in 2023–2025) |
% of holdings sold = shares sold ÷ (shares sold + all holdings the insider reported on that Form 4, direct and through trusts).
Insider type follows Cohen, Malloy & Pomorski (Journal of Finance, 2012). An insider who traded the stock in the same calendar month in each of the past three years is a routine trader; one who traded in each of those years without such a pattern is an opportunistic trader. In their study, trades by opportunistic insiders predicted future returns and trades by routine insiders did not. Counts open-market purchases and sales only (SEC Form 4 codes P and S) by that insider in that company. Not investment advice.

## Analysts
Consensus Hold (mean 2.79 on a 1–5 scale), 14 analysts; mean target USD 11.67 (low 9, high 14.1).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-07-24 | BMO Capital | Target lowered | Market Perform | $13 → $12 |
| 2026-07-24 | TD Cowen | Target lowered | Hold | $10 → $9 |
| 2026-07-24 | Susquehanna | Target lowered | Neutral | $12 → $11 |
| 2026-07-24 | JP Morgan | Downgrade | Overweight → Neutral | $12.7 → $10.9 |
| 2026-07-24 | HSBC | Downgrade | Buy → Hold | $14.24 → $11.47 |
| 2026-07-16 | Stifel | Target lowered | Hold | $15 → $13 |
| 2026-07-10 | Susquehanna | Target lowered | Neutral | $14 → $12 |
| 2026-07-09 | TD Cowen | Target lowered | Hold | $13 → $10 |
| 2026-06-26 | Wells Fargo | Initiated | Equal-Weight | $11 |

## Total return (dividends reinvested)
|  | 1Y (from 2025-10-23) | 5Y (from 2021-10-25) |
|---|---|---|
| Total return | -26.2% | -36.2% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -26.2% | -8.6% |
| Volatility (annualized) | 41.3% | 29.9% |
| Max drawdown | -47.0% (Dec 2025→Jun 2026) | -54.4% (Jan 2022→Sep 2026) |

## Peers (Information Technology Services)
CTSH (Cognizant Technology Solutions ) USD 70.56 -4.29% · FISV (Fiserv, Inc.) USD 49.51 -2.59% · WIT (Wipro Limited) USD 2.13 -2.97% · BR (Broadridge Financial Solutions,) USD 183.46 -1.43% · CDW (CDW Corporation) USD 164.05 -0.35% · FIS (Fidelity National Information S) USD 37.23 -2.78%

## More
Full page: https://nexqual.com/INFY · Free keyless MCP server with the same data and citations: https://mcp.nexqual.com/mcp · Guide for agents: https://nexqual.com/agents · https://nexqual.com/llms.txt

## Supply chain and relationships (SEC annual reports)

Named in INFY's own 20-F filed 2026-06-15 (https://www.sec.gov/Archives/edgar/data/1067491/000119312526270520/infy-20260331.htm):

| Relationship | Company | Sentence in the filing |
|---|---|---|
| Supplier | Microsoft (MSFT) | "The Microsoft Business Applications Practice at Infosys helps enterprises accelerate Digital and AI-enabled transformations by redefining the Customer Experience ("CX"), Employee Experience ("EX") and Operational Excelle…" |
| Customer | Salesforce (CRM) | "Our services span across Agentforce Sales, Agentforce Service, Marketing Cloud Next, Commerce Cloud, Experience Cloud, Salesforce Platform, Data 360, Agentforce AI, Industry Clouds, and a broad set of AppExchange and AI‑…" |
| Partner | SAP (SAP) | "As a RISE with SAP Validated Partner, with multiple partner recognitions and as an acknowledged leader in SAP services by industry analysts, we help simplify clients' migration to SAP S/4HANA and delivers cost and perfor…" |
| Partner | Oracle (ORCL) | "The Infosys Oracle Practice, marking nearly three decades of strategic partnership with Oracle, enables AI‑first enterprise transformation across Oracle ERP, SCM, CX and HCM platforms, supported by industry solutions and…" |
| Partner | ServiceNow (NOW) | "GuideVision (ServiceNow Elite Partner): Infosys' partnership with GuideVision enhances our enterprise service management and digital operations by integrating deep ServiceNow expertise, strategic advisory, large‑scale im…" |
| Partner | Infosys McCamish Systems | "Our platform-based digital capabilities include industry leading policy administration and insurance platform McCamish NGIN; vertical utilities platform in mortgage – Stater, and our joint venture with Hitachi, Panasonic…" |
| Partner | Panasonic | "Our platform-based digital capabilities include industry leading policy administration and insurance platform McCamish NGIN; vertical utilities platform in mortgage – Stater, and our joint venture with Hitachi, Panasonic…" |
| Partner | Walt Disney (DIS) | "She also represented Disney on the US-India Strategic Partnership Forum (USISPF)." |

## Analyst estimates and revisions

| Period | EPS est. | 90d ago | Change | Revenue est. | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends 2026-09-30) | $0.20 | $0.21 | -1.6% | $492.09B | 6 |
| Next quarter (ends 2026-12-31) | $0.20 | $0.20 | -3.6% | $493.22B | 6 |
| Current fiscal year (ends 2027-03-31) | $0.80 | $0.81 | -0.2% | $1.95T | 9 |
| Next fiscal year (ends 2028-03-31) | $0.85 | $0.85 | -0.5% | $2.02T | 9 |