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

Infosys Limited (NYSE:INFY) was the target of some unusual options trading activity on Thursday. Stock investors bought 8,061 put options on the company. This represents an increase of 135% compared to the average daily volume of 3,430 put options.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC acquired a new stake in Infosys in the 4th quarter valued at $311,000. Jones Financial Companies Lllp increased its holdings in Infosys by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock worth $165,000 after purchasing an additional 1,030 shares during the last quarter. Haven Global Partners LLC acquired a new position in shares of Infosys in the 4th quarter valued at approximately $4,078,000. Nomura Asset Management Co. Ltd. boosted its stake in shares of Infosys by 22.5% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock valued at $14,941,000 after buying an additional 123,083 shares during the last quarter. Finally, Barclays PLC raised its holdings in Infosys by 11.8% in the third quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock valued at $56,200,000 after acquiring an additional 266,902 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

Infosys Trading Down 4.7 %

INFY traded down $0.84 during midday trading on Thursday, hitting $16.82. The company’s stock had a trading volume of 6,806,623 shares, compared to its average volume of 11,336,247. The firm has a market cap of $69.69 billion, a P/E ratio of 21.30, a PEG ratio of 3.50 and a beta of 0.97. Infosys has a 52-week low of $16.04 and a 52-week high of $23.63. The firm has a 50-day moving average price of $19.61 and a two-hundred day moving average price of $21.38.

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

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.