Investors Buy High Volume of Infosys Technologies Put Options (INFY)
Infosys Technologies (NASDAQ:INFY) was the recipient of unusually large options trading activity on Wednesday. Traders bought 1,698 put options on the stock, AnalystRatingsNetwork.com reports. This is an increase of 265% compared to the average volume of 465 put options.
A number of research firms have recently commented on INFY. Analysts at Jefferies Group initiated coverage on shares of Infosys Technologies in a research note on Friday, April 25th. They set a “buy” rating and a $60.00 price target on the stock. Analysts at Zacks downgraded shares of Infosys Technologies from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 9th. They now have a $57.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average price target of $54.00.
Shares of Infosys Technologies (NASDAQ:INFY) traded up 4.70% on Wednesday, hitting $54.76. The stock had a trading volume of 3,210,172 shares. Infosys Technologies has a one year low of $38.91 and a one year high of $63.20. The stock has a 50-day moving average of $52.60 and a 200-day moving average of $55.73. The company has a market cap of $31.290 billion and a P/E ratio of 17.09.
Infosys Technologies (NASDAQ:INFY) last posted its quarterly earnings results on Tuesday, April 15th. The company reported $0.85 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.05. The company had revenue of $128.75 billion for the quarter, compared to the consensus estimate of $129.14 billion. During the same quarter in the previous year, the company posted $0.78 earnings per share. The company’s revenue for the quarter was up 23.2% on a year-over-year basis. Analysts expect that Infosys Technologies will post $3.31 EPS for the current fiscal year.
Infosys Limited (NASDAQ:INFY), formerly Infosys Technologies Limited, provides business consulting, technology, engineering and outsourcing services.
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