Investors Purchase Large Volume of Call Options on Infosys (NYSE:INFY)

Infosys Limited (NYSE:INFY) was the recipient of some unusual options trading activity on Monday. Stock traders bought 4,580 call options on the stock. This represents an increase of 82% compared to the typical daily volume of 2,521 call options.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on INFY. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. StockNews.com downgraded Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. BMO Capital Markets lowered their price objective on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $22.00 target price on shares of Infosys in a research report on Wednesday, March 13th. Finally, HSBC reaffirmed a “hold” rating and set a $20.10 price target on shares of Infosys in a research report on Friday, April 19th. One equities research 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. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $19.27.

Infosys Stock Up 0.8 %

INFY stock opened at $18.76 on Tuesday. The company’s 50-day moving average price is $17.38 and its two-hundred day moving average price is $18.43. Infosys has a 12 month low of $15.33 and a 12 month high of $20.74. The firm has a market cap of $77.67 billion, a P/E ratio of 24.70, a P/E/G ratio of 3.43 and a beta of 0.98.

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 firm had revenue of $4.56 billion for the quarter, compared to analysts’ expectations of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same quarter in the previous year, the business posted $0.18 earnings per share. Equities analysts predict that Infosys will post 0.75 EPS for the current year.

Infosys Cuts Dividend

The business also recently announced a semi-annual dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 31st were given a $0.2035 dividend. The ex-dividend date of this dividend was Friday, May 31st. This represents a yield of 1.4%. Infosys’s dividend payout ratio is currently 38.16%.

Institutional Trading of Infosys

A number of hedge funds and other institutional investors have recently modified their holdings of INFY. SRN Advisors LLC boosted its holdings in shares of Infosys by 20.4% during the 1st quarter. SRN Advisors LLC now owns 68,312 shares of the technology company’s stock valued at $1,225,000 after acquiring an additional 11,593 shares in the last quarter. Soltis Investment Advisors LLC acquired a new stake in shares of Infosys during the first quarter valued at about $710,000. Cetera Advisors LLC bought a new stake in shares of Infosys during the first quarter worth about $210,000. Virtu Financial LLC acquired a new position in shares of Infosys in the first quarter valued at approximately $244,000. Finally, Advisory Resource Group boosted its position in Infosys by 19.8% during the 1st quarter. Advisory Resource Group now owns 48,565 shares of the technology company’s stock worth $871,000 after buying an additional 8,030 shares during the period. Institutional investors own 10.89% of the company’s stock.

About Infosys

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.