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

Infosys Ltd. (NYSE:INFYGet Free Report) saw some unusual options trading on Thursday. Traders acquired 12,537 put options on the stock. This is an increase of 49% compared to the typical volume of 8,393 put options.

Infosys Stock Performance

NYSE:INFY opened at $10.94 on Friday. Infosys has a 52-week low of $10.30 and a 52-week high of $30.00. The company has a market cap of $44.28 billion, a P/E ratio of 13.50, a P/E/G ratio of 2.55 and a beta of 0.87. The stock’s 50-day simple moving average is $11.73 and its 200 day simple moving average is $12.44.

Infosys (NYSE:INFYGet Free Report) last posted its earnings results on Thursday, July 23rd. The technology company reported $0.20 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.01). The firm had revenue of $4.99 billion during the quarter, compared to analyst estimates of $5.08 billion. Infosys had a net margin of 16.38% and a return on equity of 33.91%. As a group, equities analysts predict that Infosys will post 0.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on INFY. CLSA cut Infosys from an “outperform” rating to a “hold” rating in a research report on Wednesday, August 19th. Jefferies Financial Group reissued a “hold” rating on shares of Infosys in a report on Monday, August 31st. BMO Capital Markets reaffirmed a “market perform” rating and set a $12.00 price objective (down from $13.00) on shares of Infosys in a research note on Friday, July 24th. HSBC set a $11.47 target price on Infosys and gave the company a “hold” rating in a research note on Friday, July 24th. Finally, Stifel Nicolaus set a $13.00 price objective on Infosys and gave the stock a “hold” rating in a research report on Thursday, July 16th. Nine analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Reduce” and an average price target of $11.59.

Read Our Latest Research Report on INFY

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the company. Sequoia Financial Advisors LLC raised its holdings in shares of Infosys by 32.8% in the 2nd quarter. Sequoia Financial Advisors LLC now owns 109,291 shares of the technology company’s stock worth $1,146,000 after acquiring an additional 26,984 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Infosys by 106.3% during the second quarter. Tidal Investments LLC now owns 125,298 shares of the technology company’s stock valued at $1,314,000 after buying an additional 64,563 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in Infosys in the 2nd quarter valued at $1,907,000. Engineers Gate Manager LP boosted its holdings in Infosys by 98.7% during the 2nd quarter. Engineers Gate Manager LP now owns 381,772 shares of the technology company’s stock worth $4,005,000 after acquiring an additional 189,631 shares during the last quarter. Finally, Nykredit A S bought a new position in shares of Infosys during the second quarter valued at about $9,307,000. 16.20% of the stock is owned by institutional investors and hedge funds.

Infosys Company Profile

(Get Free Report)

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.

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