Traders Purchase Large Volume of Infosys Put Options (NYSE:INFY)

Infosys Limited (NYSE:INFY) was the recipient of unusually large options trading activity on Thursday. Traders bought 8,061 put options on the stock. This is an increase of 135% compared to the typical daily volume of 3,430 put options.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. StockNews.com raised Infosys from a “hold” rating to a “buy” rating in a report on Monday, April 7th. Guggenheim restated a “neutral” rating on shares of Infosys in a research note on Friday, January 17th. Finally, CLSA raised Infosys from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and an average target price of $19.70.

Infosys Stock Down 0.7 %

Infosys stock opened at $16.86 on Friday. The stock has a market cap of $69.81 billion, a price-to-earnings ratio of 21.34, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97. Infosys has a 12 month low of $16.04 and a 12 month high of $23.63. The business has a 50 day moving average price of $19.40 and a two-hundred day moving average price of $21.30.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Thursday, January 16th. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. Infosys had a net margin of 17.28% and a return on equity of 31.60%. During the same period last year, the firm earned $0.18 earnings per share. On average, analysts expect that Infosys will post 0.74 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Infosys

Several large investors have recently made changes to their positions in the company. Sierra Ocean LLC acquired a new position in shares of Infosys in the 4th quarter worth approximately $29,000. Brooklyn Investment Group acquired a new position in shares of Infosys in the 4th quarter valued at $52,000. Wilmington Savings Fund Society FSB bought a new position in shares of Infosys in the 3rd quarter worth $57,000. Farther Finance Advisors LLC grew its stake in shares of Infosys by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock worth $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC increased its holdings in Infosys by 14.2% in the fourth quarter. GAMMA Investing LLC now owns 4,496 shares of the technology company’s stock valued at $99,000 after purchasing an additional 560 shares during the last quarter. Institutional investors own 16.20% of the company’s stock.

About Infosys

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.