Infosys Limited (NYSE:INFY – Get Free Report) saw unusually large options trading on Thursday. Stock traders purchased 9,820 put options on the stock. This represents an increase of approximately 270% compared to the typical daily volume of 2,652 put options.
Institutional Investors Weigh In On Infosys
Large investors have recently bought and sold shares of the stock. FWL Investment Management LLC purchased a new stake in shares of Infosys during the fourth quarter worth about $27,000. GAMMA Investing LLC purchased a new stake in Infosys in the 4th quarter worth approximately $36,000. JFS Wealth Advisors LLC raised its holdings in Infosys by 88.3% in the 3rd quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after acquiring an additional 1,381 shares during the last quarter. Planned Solutions Inc. purchased a new position in shares of Infosys during the 4th quarter worth $50,000. Finally, Jones Financial Companies Lllp acquired a new stake in shares of Infosys during the fourth quarter worth $56,000. Institutional investors and hedge funds own 10.89% of the company’s stock.
Infosys Trading Down 2.4 %
Shares of INFY stock traded down $0.40 during trading hours on Thursday, hitting $16.55. The company’s stock had a trading volume of 16,645,052 shares, compared to its average volume of 9,269,226. The business has a fifty day moving average of $18.94 and a 200-day moving average of $18.35. Infosys has a twelve month low of $14.71 and a twelve month high of $20.74. The stock has a market cap of $68.50 billion, a price-to-earnings ratio of 23.86, a P/E/G ratio of 2.25 and a beta of 0.93.
Analysts Set New Price Targets
Read Our Latest Analysis on INFY
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 application management and application development services, independent validation solutions, product engineering and management, infrastructure management services, traditional enterprise application implementation, support, and integration services.
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