Investors Buy Large Volume of Infosys Put Options (NYSE:INFY)

Infosys Limited (NYSE:INFY) saw some unusual options trading activity on Thursday. Traders purchased 9,820 put options on the stock. This is an increase of approximately 270% compared to the typical daily volume of 2,652 put options.

Analyst Ratings Changes

Several research firms have issued reports on INFY. Guggenheim began coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Infosys in a report on Wednesday, March 13th. BNP Paribas began coverage on shares of Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 target price on the stock. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.27.

Institutional Investors Weigh In On Infosys

A number of hedge funds and other institutional investors have recently made changes to their positions in INFY. FWL Investment Management LLC acquired a new stake in shares of Infosys during the 4th quarter worth approximately $27,000. GAMMA Investing LLC acquired a new stake in Infosys in the 4th quarter valued at $36,000. JFS Wealth Advisors LLC grew its stake in Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,381 shares during the period. Planned Solutions Inc. acquired a new stake in Infosys in the 4th quarter valued at $50,000. Finally, Jones Financial Companies Lllp acquired a new stake in Infosys in the 4th quarter valued at $56,000. Institutional investors and hedge funds own 10.89% of the company’s stock.

Infosys Stock Performance

INFY stock opened at $16.81 on Friday. The firm has a market cap of $69.58 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.24 and a beta of 0.93. The firm has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $18.34. Infosys has a one year low of $14.71 and a one year high of $20.74.

Infosys (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.49 billion. Infosys had a net margin of 15.91% and a return on equity of 31.25%. During the same period last year, the firm posted $0.18 EPS. As a group, equities analysts predict that Infosys will post 0.7 earnings per share for the current fiscal year.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.