Infosys Sees Unusually Large Options Volume (NYSE:INFY)

Infosys Ltd. (NYSE:INFY) saw some unusual options trading on Tuesday. Stock investors bought 16,497 put options on the company. This is an increase of 51% compared to the typical volume of 10,912 put options.

Analyst Ratings Changes

A number of analysts recently commented on INFY shares. Jefferies Financial Group downgraded Infosys from a “buy” rating to a “hold” rating and set a $14.31 price target for the company. in a research report on Monday, February 23rd. BMO Capital Markets decreased their price target on Infosys from $20.00 to $15.00 and set a “market perform” rating for the company in a research report on Friday, April 24th. Susquehanna decreased their price target on Infosys from $16.00 to $14.00 and set a “neutral” rating for the company in a research report on Friday, April 24th. TD Cowen decreased their target price on Infosys from $16.00 to $15.00 and set a “hold” rating for the company in a research report on Monday, April 6th. Finally, Stifel Nicolaus set a $15.00 target price on Infosys in a research report on Thursday, April 23rd. Six equities research analysts have rated the stock with a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Infosys currently has an average rating of “Reduce” and a consensus target price of $14.22.

Infosys Stock Performance

NYSE:INFY traded up $0.17 during trading hours on Tuesday, reaching $12.76. The stock had a trading volume of 16,230,521 shares, compared to its average volume of 16,661,510. The stock has a 50 day simple moving average of $13.24 and a 200 day simple moving average of $15.75. Infosys has a 12-month low of $11.56 and a 12-month high of $30.00. The stock has a market cap of $51.62 billion, a P/E ratio of 15.96, a price-to-earnings-growth ratio of 1.56 and a beta of 0.89.

Infosys (NYSE:INFY) last released its earnings results on Wednesday, April 1st. The technology company reported $0.23 earnings per share (EPS) for the quarter. Infosys had a return on equity of 32.64% and a net margin of 16.44%.The business had revenue of $5.04 billion during the quarter. On average, equities analysts expect that Infosys will post 0.83 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Infosys

Large investors have recently made changes to their positions in the stock. V Square Quantitative Management LLC bought a new position in shares of Infosys in the first quarter worth $97,000. State of Wyoming bought a new position in shares of Infosys in the first quarter worth $134,000. Aureus Asset Management LLC bought a new position in shares of Infosys in the first quarter worth $142,000. Able Wealth Management LLC bought a new position in shares of Infosys in the first quarter worth $163,000. Finally, Dickmeyer Boyce Financial Management Inc. bought a new position in shares of Infosys in the first quarter worth $173,000. 16.20% of the stock is owned by institutional investors.

Infosys Company Profile

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.