Infosys Sees Unusually High Options Volume (NYSE:INFY)

Infosys Ltd (NYSE:INFY) was the recipient of some unusual options trading activity on Thursday. Stock traders bought 1,782 put options on the company. This represents an increase of 2,521% compared to the average volume of 68 put options.

INFY has been the topic of a number of recent analyst reports. Credit Suisse Group boosted their price target on shares of JPMorgan Chase & Co. from $128.00 to $132.00 and gave the company an “outperform” rating in a research report on Monday, April 15th. ValuEngine lowered shares of Zumiez from a “hold” rating to a “sell” rating in a research report on Tuesday, July 2nd. Citigroup upgraded shares of Infosys from a “neutral” rating to a “buy” rating in a research report on Friday. Zacks Investment Research upgraded shares of HANNOVER RUECK/S from a “sell” rating to a “hold” rating in a research report on Friday, May 17th. Finally, Deutsche Bank restated a “buy” rating and issued a $18.00 price target on shares of STMicroelectronics in a research report on Monday, April 15th. Three investment analysts have rated the stock with a sell rating, thirteen have assigned a hold rating and one has issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $11.36.

Shares of INFY stock traded up $0.67 during trading hours on Friday, reaching $11.39. 1,622,987 shares of the company were exchanged, compared to its average volume of 9,953,350. Infosys has a fifty-two week low of $8.85 and a fifty-two week high of $11.38. The business has a fifty day moving average price of $10.58. The firm has a market cap of $45.55 billion, a P/E ratio of 21.11, a price-to-earnings-growth ratio of 2.02 and a beta of 0.52.

Infosys (NYSE:INFY) last posted its quarterly earnings results on Friday, April 12th. The technology company reported $0.13 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.13. The business had revenue of $3.06 billion during the quarter, compared to the consensus estimate of $3.04 billion. Infosys had a net margin of 18.62% and a return on equity of 25.41%. During the same period in the previous year, the firm posted $0.13 earnings per share. On average, analysts anticipate that Infosys will post 0.55 EPS for the current fiscal year.

The firm also recently declared a dividend, which was paid on Friday, June 14th. Investors of record on Friday, June 14th were paid a dividend of $0.14 per share. This is an increase from Infosys’s previous dividend of $0.05. The ex-dividend date was Thursday, June 13th. Infosys’s payout ratio is 51.85%.

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Investec Asset Management LTD increased its stake in Infosys by 8.6% in the first quarter. Investec Asset Management LTD now owns 43,046,945 shares of the technology company’s stock valued at $470,503,000 after purchasing an additional 3,418,796 shares in the last quarter. Lazard Asset Management LLC increased its stake in Infosys by 32.0% in the first quarter. Lazard Asset Management LLC now owns 37,840,845 shares of the technology company’s stock valued at $413,599,000 after purchasing an additional 9,169,543 shares in the last quarter. FMR LLC increased its stake in Infosys by 46,711,314.8% in the first quarter. FMR LLC now owns 25,224,164 shares of the technology company’s stock valued at $275,699,000 after purchasing an additional 25,224,110 shares in the last quarter. GQG Partners LLC increased its stake in Infosys by 16.7% in the first quarter. GQG Partners LLC now owns 24,689,394 shares of the technology company’s stock valued at $269,535,000 after purchasing an additional 3,541,726 shares in the last quarter. Finally, FIL Ltd increased its stake in Infosys by 77.4% in the first quarter. FIL Ltd now owns 19,335,219 shares of the technology company’s stock valued at $211,333,000 after purchasing an additional 8,433,557 shares in the last quarter. 17.77% of the stock is owned by institutional investors and hedge funds.

Infosys Company Profile

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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