Infosys Sees Unusually High Options Volume (INFY)

Infosys Limited (NYSE:INFY) saw unusually large options trading on Tuesday. Investors acquired 18,277 put options on the company. This represents an increase of approximately 3,653% compared to the typical daily volume of 487 put options.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Parametric Portfolio Associates LLC raised its position in Infosys by 19.8% during the 3rd quarter. Parametric Portfolio Associates LLC now owns 863,926 shares of the technology company’s stock worth $12,605,000 after purchasing an additional 143,062 shares during the last quarter. Janney Montgomery Scott LLC bought a new position in Infosys during the 3rd quarter worth $336,000. Cubist Systematic Strategies LLC raised its position in Infosys by 2,099.0% during the 3rd quarter. Cubist Systematic Strategies LLC now owns 239,864 shares of the technology company’s stock worth $3,500,000 after purchasing an additional 228,956 shares during the last quarter. Janus Henderson Group PLC raised its position in Infosys by 2.7% during the 3rd quarter. Janus Henderson Group PLC now owns 892,584 shares of the technology company’s stock worth $13,023,000 after purchasing an additional 23,763 shares during the last quarter. Finally, Caxton Associates LP bought a new position in Infosys during the 3rd quarter worth $587,000. 18.85% of the stock is currently owned by institutional investors.

Shares of Infosys (NYSE INFY) opened at $16.09 on Friday. Infosys has a twelve month low of $13.42 and a twelve month high of $16.23. The firm has a market capitalization of $36,548.01, a price-to-earnings ratio of 16.49, a P/E/G ratio of 1.73 and a beta of 0.69.

Infosys (NYSE:INFY) last released its quarterly earnings data on Tuesday, October 24th. The technology company reported $0.25 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.01. Infosys had a return on equity of 21.05% and a net margin of 21.04%. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.78 billion. During the same quarter last year, the business posted $0.24 EPS. equities research analysts anticipate that Infosys will post 0.98 earnings per share for the current year.

INFY has been the topic of a number of recent research reports. BidaskClub lowered Infosys from a “sell” rating to a “strong sell” rating in a research note on Saturday, November 4th. Zacks Investment Research lowered Infosys from a “buy” rating to a “hold” rating in a research note on Thursday, October 5th. Deutsche Bank raised Infosys from a “hold” rating to a “buy” rating in a research report on Monday, August 28th. Stifel Nicolaus reissued a “hold” rating on shares of Infosys in a research report on Thursday, October 26th. Finally, Robert W. Baird reissued a “hold” rating and set a $16.00 price target on shares of Infosys in a research report on Sunday, September 3rd. Three research analysts have rated the stock with a sell rating, ten have given a hold rating and three have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $15.34.

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About Infosys

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.

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