Infosys Sees Unusually Large Options Volume (NYSE:INFY)

Infosys Limited (NYSE:INFY) saw some unusual options trading on Thursday. Investors acquired 9,820 put options on the stock. This represents an increase of approximately 270% compared to the typical volume of 2,652 put options.

Analyst Ratings Changes

INFY has been the subject of a number of research analyst reports. BMO Capital Markets lifted their price target on Infosys from $18.00 to $21.00 and gave the stock a “market perform” rating in a report on Friday, January 12th. Wedbush reiterated an “outperform” rating and set a $22.00 price target on shares of Infosys in a report on Wednesday, March 13th. Guggenheim began coverage on Infosys in a report on Tuesday, March 19th. They set a “neutral” rating and a $20.00 price target for the company. BNP Paribas began coverage on Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price objective for the company. Finally, JPMorgan Chase & Co. upgraded Infosys from a “neutral” rating to an “overweight” rating in a report on Wednesday, January 3rd. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.76.

Institutional Investors Weigh In On Infosys

A number of hedge funds and other institutional investors have recently made changes to their positions in INFY. FWL Investment Management LLC acquired a new position in Infosys during the fourth quarter valued at approximately $27,000. GAMMA Investing LLC acquired a new position in Infosys during the fourth quarter valued at approximately $36,000. Planned Solutions Inc. acquired a new position in Infosys during the fourth quarter valued at approximately $50,000. JFS Wealth Advisors LLC raised its position in Infosys by 88.3% during the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock valued at $50,000 after purchasing an additional 1,381 shares in the last quarter. Finally, Jones Financial Companies Lllp acquired a new position in Infosys during the fourth quarter valued at approximately $56,000. 10.89% of the stock is currently owned by institutional investors and hedge funds.

Infosys Trading Down 2.6 %

NYSE INFY opened at $16.52 on Friday. Infosys has a 1-year low of $14.71 and a 1-year high of $20.74. The company has a 50 day moving average of $18.87 and a 200-day moving average of $18.34. The company has a market cap of $68.36 billion, a price-to-earnings ratio of 23.26, a PEG ratio of 2.25 and a beta of 0.93.

Infosys Company Profile

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.