Infosys Sees Unusually High Options Volume (NYSE:INFY)

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

Analyst Ratings Changes

Several brokerages recently commented on INFY. Weiss Ratings cut Infosys from a “hold (c-)” rating to a “sell (d+)” rating in a research report on Tuesday. 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. 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 research note on Friday, July 24th. HSBC set a $11.47 price objective on shares of Infosys and gave the stock a “hold” rating in a research report on Friday, July 24th. Finally, Wells Fargo & Company set a $11.00 price objective on shares of Infosys and gave the company an “equal weight” rating in a research note on Friday, June 26th. Eight research analysts have rated the stock with a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Reduce” and a consensus target price of $11.63.

Institutional Investors Weigh In On Infosys

Several large investors have recently made changes to their positions in the business. Boston Common Asset Management LLC increased its holdings in Infosys by 1.1% during the 1st quarter. Boston Common Asset Management LLC now owns 208,639 shares of the technology company’s stock worth $2,819,000 after purchasing an additional 2,300 shares during the last quarter. Confluence Investment Management LLC increased its stake in shares of Infosys by 19.1% in the second quarter. Confluence Investment Management LLC now owns 17,636 shares of the technology company’s stock valued at $185,000 after purchasing an additional 2,826 shares during the period. Glenmede Trust Co. NA raised its stake in shares of Infosys by 17.8% during the first quarter. Glenmede Trust Co. NA now owns 21,055 shares of the technology company’s stock valued at $284,000 after purchasing an additional 3,179 shares in the last quarter. Cetera Investment Advisers raised its holdings in Infosys by 3.9% during the first quarter. Cetera Investment Advisers now owns 88,825 shares of the technology company’s stock worth $1,200,000 after purchasing an additional 3,308 shares in the last quarter. Finally, Laidlaw Wealth Management LLC lifted its holdings in Infosys by 30.8% in the 1st quarter. Laidlaw Wealth Management LLC now owns 14,650 shares of the technology company’s stock valued at $198,000 after acquiring an additional 3,450 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

Infosys Stock Performance

NYSE INFY traded up $0.28 during trading hours on Wednesday, reaching $12.62. The company’s stock had a trading volume of 30,088,326 shares, compared to its average volume of 19,211,990. The company’s 50-day moving average is $11.59 and its two-hundred day moving average is $13.55. The stock has a market cap of $51.09 billion, a PE ratio of 15.59, a PEG ratio of 2.73 and a beta of 0.90. Infosys has a fifty-two week low of $10.30 and a fifty-two week high of $30.00.

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

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.