Stock Traders Purchase High Volume of Put Options on Infosys (NYSE:INFY)

Infosys Limited (NYSE:INFY) was the recipient of unusually large options trading activity on Thursday. Stock traders acquired 8,061 put options on the stock. This represents an increase of approximately 135% compared to the average volume of 3,430 put options.

Institutional Trading of Infosys

Institutional investors and hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC bought a new stake in shares of Infosys in the fourth quarter worth about $311,000. Jones Financial Companies Lllp increased its stake 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 in the last quarter. Haven Global Partners LLC bought a new position in Infosys in the fourth quarter valued at approximately $4,078,000. Nomura Asset Management Co. Ltd. raised its holdings in shares of Infosys by 22.5% during the third quarter. Nomura Asset Management Co. Ltd. now owns 670,907 shares of the technology company’s stock worth $14,941,000 after acquiring an additional 123,083 shares during the period. Finally, Barclays PLC boosted its stake in Infosys by 11.8% in the 3rd quarter. Barclays PLC now owns 2,523,605 shares of the technology company’s stock worth $56,200,000 after purchasing an additional 266,902 shares during the period. Institutional investors own 16.20% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on INFY. Guggenheim reiterated a “neutral” rating on shares of Infosys in a research report on Friday, January 17th. StockNews.com raised shares of Infosys from a “hold” rating to a “buy” rating in a research note on Monday. Finally, CLSA raised shares of Infosys from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Infosys presently has a consensus rating of “Hold” and an average target price of $19.70.

Infosys Trading Down 4.7 %

NYSE INFY traded down $0.84 during trading hours on Thursday, reaching $16.82. 6,806,623 shares of the company’s stock were exchanged, compared to its average volume of 11,336,247. The firm has a fifty day moving average of $19.61 and a 200-day moving average of $21.38. Infosys has a one year low of $16.04 and a one year high of $23.63. The stock has a market cap of $69.69 billion, a PE ratio of 21.30, a price-to-earnings-growth ratio of 3.50 and a beta of 0.97.

Infosys (NYSE:INFY) last issued 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 quarter in the prior year, the business posted $0.18 EPS. As a group, research analysts forecast that Infosys will post 0.74 EPS for the current year.

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.