Infosys Target of Unusually High Options Trading (NYSE:INFY)

Infosys Ltd (NYSE:INFY) saw unusually large options trading activity on Wednesday. Stock investors acquired 8,347 put options on the stock. This is an increase of 9,279% compared to the typical volume of 89 put options.

Several equities analysts have recently weighed in on INFY shares. ValuEngine cut shares of Infosys from a “hold” rating to a “sell” rating in a research note on Tuesday, July 2nd. Wells Fargo & Co set a $12.00 price target on shares of Infosys and gave the stock a “hold” rating in a research note on Friday, May 31st. BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the stock a “hold” rating in a research note on Monday, July 15th. Nomura raised shares of Infosys from a “reduce” rating to a “neutral” rating in a research note on Monday, July 15th. Finally, Zacks Investment Research raised shares of Infosys from a “sell” rating to a “hold” rating in a research note on Friday, May 17th. Two equities research analysts have rated the stock with a sell rating, thirteen have issued a hold rating and one has issued a buy rating to the stock. Infosys currently has an average rating of “Hold” and an average price target of $10.96.

NYSE INFY opened at $10.93 on Friday. The company has a market cap of $48.24 billion, a PE ratio of 20.24, a PEG ratio of 2.12 and a beta of 0.53. Infosys has a 12 month low of $8.85 and a 12 month high of $11.64. The stock has a 50 day moving average of $11.10 and a 200-day moving average of $10.76.

Infosys (NYSE:INFY) last released its quarterly earnings data on Friday, July 12th. The technology company reported $0.13 EPS for the quarter, meeting the consensus estimate of $0.13. The company had revenue of $218.03 billion during the quarter, compared to the consensus estimate of $216.51 billion. Infosys had a return on equity of 25.55% and a net margin of 18.26%. The firm’s revenue for the quarter was up 14.0% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.13 EPS. As a group, equities analysts predict that Infosys will post 0.55 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Pennsylvania Trust Co acquired a new position in shares of Infosys in the first quarter worth approximately $1,502,000. Butensky & Cohen Financial Security Inc. lifted its stake in Infosys by 5.4% in the second quarter. Butensky & Cohen Financial Security Inc. now owns 232,950 shares of the technology company’s stock valued at $2,493,000 after buying an additional 11,915 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in Infosys by 1,019.7% in the first quarter. Nomura Asset Management Co. Ltd. now owns 694,200 shares of the technology company’s stock valued at $7,587,000 after buying an additional 632,200 shares during the period. Advisory Services Network LLC lifted its stake in Infosys by 491.3% in the first quarter. Advisory Services Network LLC now owns 24,999 shares of the technology company’s stock valued at $273,000 after buying an additional 20,771 shares during the period. Finally, Commonwealth Bank of Australia lifted its stake in Infosys by 15.2% in the first quarter. Commonwealth Bank of Australia now owns 1,412,719 shares of the technology company’s stock valued at $15,435,000 after buying an additional 186,396 shares during the period. 17.77% of the stock is owned by institutional investors.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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