Investors Purchase High Volume of Infosys Put Options (NYSE:INFY)

Infosys Limited (NYSE:INFY) was the target of unusually large options trading activity on Thursday. Investors purchased 43,036 put options on the company. This represents an increase of 1,686% compared to the typical daily volume of 2,410 put options.

Analyst Ratings Changes

Several analysts recently commented on the stock. Investec downgraded shares of Infosys from a “hold” rating to a “sell” rating in a research report on Thursday, October 3rd. BMO Capital Markets increased their target price on shares of Infosys from $23.00 to $25.00 and gave the stock a “market perform” rating in a research note on Friday. StockNews.com upgraded Infosys from a “hold” rating to a “buy” rating in a research report on Monday, September 30th. Erste Group Bank upgraded Infosys from a “hold” rating to a “buy” rating in a research note on Wednesday, September 11th. Finally, Macquarie raised Infosys from an “underperform” rating to a “neutral” rating in a report on Friday, July 19th. Two analysts have rated the stock with a sell rating, four have issued a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $20.85.

Institutional Trading of Infosys

Institutional investors and hedge funds have recently modified their holdings of the business. Blue Trust Inc. lifted its stake in Infosys by 110.5% in the 3rd quarter. Blue Trust Inc. now owns 47,185 shares of the technology company’s stock valued at $1,051,000 after buying an additional 24,774 shares in the last quarter. Aaron Wealth Advisors LLC purchased a new position in shares of Infosys during the third quarter valued at approximately $280,000. Vontobel Holding Ltd. boosted its holdings in shares of Infosys by 3.9% during the third quarter. Vontobel Holding Ltd. now owns 823,280 shares of the technology company’s stock worth $18,334,000 after purchasing an additional 30,574 shares during the last quarter. Birch Capital Management LLC grew its holdings in Infosys by 5.4% in the 3rd quarter. Birch Capital Management LLC now owns 271,974 shares of the technology company’s stock valued at $6,057,000 after buying an additional 13,838 shares during the period. Finally, Creative Planning increased its position in Infosys by 26.4% during the third quarter. Creative Planning now owns 400,866 shares of the technology company’s stock worth $8,927,000 after purchasing an additional 83,648 shares during the last quarter. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Infosys Stock Performance

Shares of NYSE INFY opened at $22.51 on Friday. The company’s fifty day moving average is $22.68 and its two-hundred day moving average is $19.97. The firm has a market capitalization of $93.19 billion, a P/E ratio of 29.62, a PEG ratio of 3.68 and a beta of 0.99. Infosys has a one year low of $16.04 and a one year high of $23.48.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Thursday, October 17th. The technology company reported $0.19 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.19. Infosys had a return on equity of 32.01% and a net margin of 17.18%. The business had revenue of $4.89 billion during the quarter, compared to analysts’ expectations of $4.89 billion. During the same quarter last year, the business posted $0.18 earnings per share. On average, sell-side analysts forecast that Infosys will post 0.75 earnings per share for the current fiscal year.

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.