Infosys slides as investors digest cautious FY27 growth outlook

Infosys (INFY) is down 3.8% today. Here is some analysis on what might have caused this price movement.

Analysis: The stock appears to be extending a post-earnings pullback after the company’s FY27 outlook pointed to slower demand and a more muted growth profile than many investors expected. Even with solid FY26 execution and large-deal momentum, a conservative revenue-growth range can pressure valuation for IT services names.

Details:

Infosys guided FY27 constant-currency revenue growth to 1.5%–3.5% and reiterated an operating margin range of 20%–22%, which investors may be treating as a cautious demand signal.

For Q4 (quarter ended March 31, 2026), Infosys reported revenue of $5.04 billion, with constant-currency revenue down 1.3% sequentially despite year-over-year growth.

For FY26, the company reported $20.158 billion in revenue and 3.1% constant-currency growth, alongside $14.9 billion in large-deal TCV; the market may be focusing more on the forward trajectory than the backward-looking beat.

Headcount declined sequentially into the March quarter, adding to concerns that near-term volume growth could stay soft even as the company plans fresher hiring.

Sources:

Infosys (investor press release), The Times of India, The Financial Express

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

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$INFY Hedge Fund Activity

We have seen 198 institutional investors add shares of $INFY stock to their portfolio, and 235 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

MORGAN STANLEY added 12,975,236 shares (+34.2%) to their portfolio in Q4 2025, for an estimated $231,218,705
SUSTAINABLE GROWTH ADVISERS, LP removed 10,538,998 shares (-96.8%) from their portfolio in Q4 2025, for an estimated $187,804,944
MILLENNIUM MANAGEMENT LLC removed 9,281,586 shares (-95.8%) from their portfolio in Q4 2025, for an estimated $165,397,862
FISHER ASSET MANAGEMENT, LLC removed 8,954,374 shares (-100.0%) from their portfolio in Q4 2025, for an estimated $159,566,944
GQG PARTNERS LLC added 7,583,344 shares (+35.2%) to their portfolio in Q4 2025, for an estimated $135,135,190
BANK OF MONTREAL /CAN/ removed 7,554,850 shares (-99.4%) from their portfolio in Q4 2025, for an estimated $134,627,427
BANK OF AMERICA CORP /DE/ removed 7,014,297 shares (-52.6%) from their portfolio in Q4 2025, for an estimated $124,994,772

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API.

$INFY Price Targets

Multiple analysts have issued price targets for $INFY recently. We have seen 4 analysts offer price targets for $INFY in the last 6 months, with a median target of $15.0.

Here are some recent targets:

James Friedman from Susquehanna set a target price of $14.0 on 04/24/2026
Keith Bachman from BMO Capital set a target price of $15.0 on 04/24/2026
Bryan Bergin from TD Cowen set a target price of $15.0 on 04/06/2026
David Grossman from Stifel set a target price of $17.0 on 02/18/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.