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

Infosys Ltd. (NYSE:INFY) was the target of some unusual options trading on Wednesday. Investors acquired 123,237 call options on the company. This is an increase of 1,367% compared to the average volume of 8,399 call options.

Infosys Stock Performance

Infosys stock opened at $11.96 on Friday. The stock has a market capitalization of $48.42 billion, a P/E ratio of 14.77, a P/E/G ratio of 2.94 and a beta of 0.90. The company’s fifty day moving average price is $11.58 and its 200 day moving average price is $13.51. Infosys has a 1 year low of $10.30 and a 1 year high of $30.00.

Infosys (NYSE:INFY) last posted its quarterly earnings data on Thursday, July 23rd. The technology company reported $0.20 earnings per share for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.01). The company had revenue of $4.99 billion for the quarter, compared to analyst estimates of $5.08 billion. Infosys had a return on equity of 33.91% and a net margin of 16.38%. Sell-side analysts predict that Infosys will post 0.81 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently commented on INFY. Weiss Ratings downgraded Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a report on Tuesday. BMO Capital Markets reiterated a “market perform” rating and issued a $12.00 price target (down from $13.00) on shares of Infosys in a report on Friday, July 24th. Stifel Nicolaus set a $13.00 price target on shares of Infosys and gave the stock a “hold” rating in a research report on Thursday, July 16th. JPMorgan Chase & Co. restated a “neutral” rating and set a $10.90 price objective (down from $12.70) on shares of Infosys in a research note on Friday, July 24th. Finally, TD Cowen reaffirmed a “hold” rating and issued a $9.00 price objective (down from $10.00) on shares of Infosys in a report on Friday, July 24th. Eight analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Reduce” and a consensus price target of $11.63.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Lazard Asset Management LLC boosted its holdings in Infosys by 17.0% in the 1st quarter. Lazard Asset Management LLC now owns 26,776,494 shares of the technology company’s stock worth $361,750,000 after buying an additional 3,893,801 shares during the last quarter. Trinity Street Asset Management LLP increased its stake in Infosys by 45.5% during the 1st quarter. Trinity Street Asset Management LLP now owns 14,938,546 shares of the technology company’s stock worth $201,820,000 after buying an additional 4,674,742 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Infosys by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,789,344 shares of the technology company’s stock valued at $105,206,000 after acquiring an additional 52,393 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Infosys by 7.4% in the first quarter. Bank of America Corp DE now owns 6,790,666 shares of the technology company’s stock worth $91,742,000 after acquiring an additional 469,843 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its position in shares of Infosys by 8.7% during the first quarter. Arrowstreet Capital Limited Partnership now owns 6,490,358 shares of the technology company’s stock worth $87,685,000 after purchasing an additional 521,169 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Company Profile

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other. The company was founded by Dinesh Krishnan Swamy, Senapathy Gopalakrishnan, Narayana Ramarao Nagavara Murthy, Raghavan N. S., Ashok Arora, Nandan M. Nilekani, and S. D. Shibulal on July 2, 1981 and is headquartered in Bangalore, India.