Infosys Target of Unusually High Options Trading (INFY)

Infosys Ltd (NYSE:INFY) saw unusually large options trading on Thursday. Stock investors acquired 20,149 call options on the stock. This is an increase of approximately 2,325% compared to the average daily volume of 831 call options.

Infosys (NYSE INFY) opened at $16.81 on Friday. The company has a market capitalization of $35,770.00, a PE ratio of 16.81, a P/E/G ratio of 1.97 and a beta of 0.73. Infosys has a 1-year low of $13.42 and a 1-year high of $17.37.

Infosys (NYSE:INFY) last issued its quarterly earnings results on Friday, January 12th. The technology company reported $0.25 EPS for the quarter, meeting analysts’ consensus estimates of $0.25. The firm had revenue of $2.76 billion during the quarter, compared to the consensus estimate of $2.74 billion. Infosys had a return on equity of 21.05% and a net margin of 21.04%. During the same quarter in the prior year, the business posted $0.24 earnings per share. analysts anticipate that Infosys will post 0.99 earnings per share for the current fiscal year.

Several equities research analysts have recently weighed in on INFY shares. Goldman Sachs Group raised Infosys from a “sell” rating to a “neutral” rating and upped their target price for the stock from $12.40 to $12.88 in a research report on Sunday, September 17th. Zacks Investment Research downgraded Infosys from a “buy” rating to a “hold” rating in a report on Monday, September 18th. Robert W. Baird reissued a “hold” rating and issued a $16.00 price target on shares of Infosys in a report on Wednesday, October 4th. Cowen reissued a “hold” rating and issued a $15.00 price target on shares of Infosys in a report on Thursday, October 12th. Finally, Oppenheimer reissued a “hold” rating on shares of Infosys in a report on Tuesday, October 24th. Two equities research analysts have rated the stock with a sell rating, ten have given a hold rating and three have issued a buy rating to the company’s stock. Infosys currently has an average rating of “Hold” and an average price target of $15.34.

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Nordea Investment Management AB lifted its holdings in Infosys by 0.6% during the 2nd quarter. Nordea Investment Management AB now owns 33,042,144 shares of the technology company’s stock worth $496,293,000 after buying an additional 188,589 shares during the last quarter. Seafarer Capital Partners LLC lifted its holdings in Infosys by 1.7% during the 3rd quarter. Seafarer Capital Partners LLC now owns 9,821,000 shares of the technology company’s stock worth $143,288,000 after buying an additional 166,000 shares during the last quarter. Mondrian Investment Partners LTD lifted its holdings in Infosys by 67.4% during the 3rd quarter. Mondrian Investment Partners LTD now owns 8,792,515 shares of the technology company’s stock worth $128,283,000 after buying an additional 3,541,514 shares during the last quarter. Prudential PLC lifted its holdings in Infosys by 1.6% during the 2nd quarter. Prudential PLC now owns 8,656,300 shares of the technology company’s stock worth $130,018,000 after buying an additional 139,000 shares during the last quarter. Finally, Polaris Capital Management LLC lifted its holdings in Infosys by 24.8% during the 2nd quarter. Polaris Capital Management LLC now owns 7,765,928 shares of the technology company’s stock worth $116,644,000 after buying an additional 1,541,776 shares during the last quarter. 18.85% of the stock is owned by hedge funds and other institutional investors.

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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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