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

Infosys Limited (NYSE:INFY - Get Free Report) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 4,508 put options on the company. This represents an increase of approximately 65% compared to the average volume of 2,731 put options.

Infosys Stock Up 0.3 %

INFY traded up $0.05 during trading on Monday, hitting $16.98. The company's stock had a trading volume of 4,209,704 shares, compared to its average volume of 9,524,896. The firm has a market capitalization of $70.28 billion, a P/E ratio of 22.34, a PEG ratio of 2.26 and a beta of 0.95. Infosys has a twelve month low of $14.98 and a twelve month high of $20.74. The stock's fifty day moving average price is $18.10 and its 200-day moving average price is $18.32.

Infosys (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.17 by $0.06. Infosys had a net margin of 17.06% and a return on equity of 32.33%. The business had revenue of $4.56 billion for the quarter, compared to analyst estimates of $4.49 billion. During the same period in the prior year, the firm earned $0.18 earnings per share. Equities research analysts expect that Infosys will post 0.75 EPS for the current fiscal year.

Analysts Set New Price Targets

INFY has been the topic of a number of research reports. Wedbush restated an "outperform" rating and set a $22.00 price objective on shares of Infosys in a research report on Wednesday, March 13th. Susquehanna cut their target price on shares of Infosys from $15.00 to $14.00 and set a "negative" rating on the stock in a research report on Friday, April 19th. StockNews.com lowered shares of Infosys from a "buy" rating to a "hold" rating in a report on Tuesday, March 19th. BNP Paribas began coverage on shares of Infosys in a report on Wednesday, January 17th. They set an "outperform" rating and a $24.00 price target on the stock. Finally, Bank of America upgraded Infosys from a "neutral" rating to a "buy" rating in a report on Tuesday, April 9th. One analyst has rated the stock with a sell rating, five have given a hold rating and six have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has an average rating of "Hold" and an average target price of $19.27.

Institutional Investors Weigh In On Infosys

Several hedge funds and other institutional investors have recently modified their holdings of the company. GAMMA Investing LLC bought a new stake in shares of Infosys during the fourth quarter worth about $36,000. Planned Solutions Inc. purchased a new stake in Infosys in the 4th quarter valued at $50,000. JFS Wealth Advisors LLC boosted its holdings in Infosys by 88.3% during the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company's stock worth $50,000 after acquiring an additional 1,381 shares during the last quarter. Jones Financial Companies Lllp bought a new stake in shares of Infosys in the 4th quarter worth $56,000. Finally, EverSource Wealth Advisors LLC raised its holdings in shares of Infosys by 113.4% in the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company's stock valued at $58,000 after purchasing an additional 1,663 shares during the last quarter. Institutional investors own 10.89% of the company's stock.

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 digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.