- Bank of America Corp DE raised its holdings in Infosys Ltd. by 7.4 % in the first quarter, purchasing an additional 469,843 shares.
- Several other institutional investors also modified their stakes, with total institutional ownership reaching 16.20 % of the company's stock.
- Infosys reported quarterly earnings of $0.20 per share on revenue of $4.99 billion, while analysts maintain a consensus Reduce rating with a target price of $11.63.