Infosys Sees Unusually High Options Volume (NYSE:INFY)

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

Infosys Trading Down 2.6 %

Shares of NYSE:INFY opened at $16.52 on Friday. The company has a market cap of $68.36 billion, a PE ratio of 23.26, a price-to-earnings-growth ratio of 2.25 and a beta of 0.93. Infosys has a twelve month low of $14.71 and a twelve month high of $20.74. The company’s 50 day moving average is $18.87 and its 200 day moving average is $18.34.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. FWL Investment Management LLC acquired a new stake in shares of Infosys during the 4th quarter worth about $27,000. GAMMA Investing LLC purchased a new position in shares of Infosys in the 4th quarter valued at about $36,000. JFS Wealth Advisors LLC boosted its stake in shares of 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 buying an additional 1,381 shares during the period. Planned Solutions Inc. purchased a new position in shares of Infosys in the 4th quarter valued at about $50,000. Finally, Jones Financial Companies Lllp purchased a new position in shares of Infosys in the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Analysts Set New Price Targets

INFY has been the topic of several research analyst reports. Guggenheim started coverage on shares of Infosys in a research note on Tuesday, March 19th. They set a “neutral” rating and a $20.00 target price on the stock. StockNews.com cut shares of Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. BNP Paribas assumed coverage on shares of Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 price objective for the company. Wedbush reaffirmed an “outperform” rating and set a $22.00 price objective on shares of Infosys in a report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price objective on shares of Infosys from $18.00 to $21.00 and gave the company a “market perform” rating in a report on Friday, January 12th. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.76.

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.