Investors Buy Large Volume of Infosys Put Options (NYSE:INFY)

Infosys Limited (NYSE:INFY) was the recipient of some unusual options trading on Thursday. Traders acquired 9,820 put options on the stock. This is an increase of 270% compared to the average volume of 2,652 put options.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on INFY shares. BMO Capital Markets decreased their price target on Infosys from $21.00 to $18.00 and set a “market perform” rating for the company in a research note on Friday. JPMorgan Chase & Co. upgraded Infosys from a “neutral” rating to an “overweight” rating in a research note on Wednesday, January 3rd. Guggenheim started coverage on Infosys in a research note on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price target for the company. BNP Paribas assumed coverage on Infosys in a research note on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price target for the company. Finally, Bank of America upgraded Infosys from a “neutral” rating to a “buy” rating in a research note on Tuesday, April 9th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Infosys has a consensus rating of “Hold” and an average price target of $19.27.

Institutional Investors Weigh In On Infosys

A number of institutional investors have recently made changes to their positions in INFY. Marshall Financial Group LLC boosted its stake in shares of Infosys by 8.8% in the first quarter. Marshall Financial Group LLC now owns 57,080 shares of the technology company’s stock valued at $1,023,000 after buying an additional 4,602 shares during the period. Sivia Capital Partners LLC raised its position in Infosys by 8.9% during the first quarter. Sivia Capital Partners LLC now owns 24,571 shares of the technology company’s stock valued at $441,000 after purchasing an additional 2,008 shares in the last quarter. Naviter Wealth LLC raised its position in Infosys by 13.5% during the first quarter. Naviter Wealth LLC now owns 75,779 shares of the technology company’s stock valued at $1,359,000 after purchasing an additional 9,027 shares in the last quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH raised its position in Infosys by 8.6% during the first quarter. MEAG MUNICH ERGO Kapitalanlagegesellschaft mbH now owns 342,755 shares of the technology company’s stock valued at $6,146,000 after purchasing an additional 27,056 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Infosys by 6.5% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,857,531 shares of the technology company’s stock valued at $33,306,000 after purchasing an additional 112,790 shares in the last quarter. Institutional investors own 10.89% of the company’s stock.

Infosys Price Performance

INFY opened at $16.81 on Friday. The business’s 50-day moving average price is $18.80 and its two-hundred day moving average price is $18.34. The company has a market capitalization of $69.58 billion, a price-to-earnings ratio of 23.68, a P/E/G ratio of 2.24 and a beta of 0.93. Infosys has a 1 year low of $14.71 and a 1 year high of $20.74.

Infosys (NYSE:INFY) last released its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.17 by $0.06. The business had revenue of $4.56 billion for the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 31.25% and a net margin of 15.91%. During the same quarter in the previous year, the business earned $0.18 earnings per share. Sell-side analysts anticipate that Infosys will post 0.7 earnings per share for the current fiscal year.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, outsourcing, and next-generation digital services in North America, Europe, India, and internationally. It provides application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.