Stock Traders Purchase Large Volume of Infosys Put Options (INFY)
Infosys Ltd (NYSE:INFY) was the recipient of some unusual options trading activity on Monday. Stock investors acquired 11,372 put options on the company. This is an increase of 1,428% compared to the typical daily volume of 744 put options.
Several large investors have recently added to or reduced their stakes in INFY. Quantbot Technologies LP raised its stake in Infosys by 12.7% in the third quarter. Quantbot Technologies LP now owns 47,531 shares of the technology company’s stock worth $750,000 after buying an additional 5,346 shares during the last quarter. Todd Asset Management LLC purchased a new stake in Infosys during the third quarter worth $2,386,000. Forward Management LLC purchased a new stake in Infosys during the third quarter worth $7,298,000. Trilogy Global Advisors LP raised its stake in Infosys by 67.6% in the third quarter. Trilogy Global Advisors LP now owns 3,556,880 shares of the technology company’s stock worth $56,126,000 after buying an additional 1,434,607 shares during the last quarter. Finally, First Personal Financial Services raised its stake in Infosys by 25,484.5% in the third quarter. First Personal Financial Services now owns 137,389 shares of the technology company’s stock worth $2,168,000 after buying an additional 136,852 shares during the last quarter. 17.71% of the stock is owned by institutional investors.
A number of research analysts have weighed in on the stock. Zacks Investment Research lowered shares of Infosys from a “hold” rating to a “sell” rating in a research note on Monday, May 15th. Goldman Sachs Group Inc started coverage on shares of Infosys in a research report on Friday, March 3rd. They set a “sell” rating on the stock. Cowen and Company set a $15.00 price target on shares of Infosys and gave the company a “hold” rating in a research report on Thursday, April 13th. Stifel Nicolaus reaffirmed a “hold” rating and set a $15.50 price target on shares of Infosys in a research report on Tuesday, April 18th. Finally, Oppenheimer Holdings Inc. reaffirmed a “market perform” rating on shares of Infosys in a research report on Tuesday, April 18th. Four research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and one has issued a buy rating to the company. Infosys has an average rating of “Hold” and a consensus price target of $16.47.
Infosys (NYSE:INFY) opened at 15.20 on Thursday. The firm has a 50 day moving average of $14.87 and a 200 day moving average of $14.81. Infosys has a 1-year low of $13.42 and a 1-year high of $19.76. The firm has a market cap of $34.74 billion, a P/E ratio of 16.24 and a beta of 0.90.
Infosys (NYSE:INFY) last released its quarterly earnings data on Thursday, April 13th. The technology company reported $0.24 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.24. Infosys had a net margin of 21.12% and a return on equity of 22.56%. The company had revenue of $171.20 billion during the quarter, compared to analyst estimates of $172.14 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. The business’s quarterly revenue was up 3.8% compared to the same quarter last year. On average, equities research analysts expect that Infosys will post $0.97 EPS for the current year.
The firm also recently disclosed a dividend, which will be paid on Friday, June 2nd. Stockholders of record on Friday, June 2nd will be given a $0.21 dividend. The ex-dividend date is Wednesday, May 31st. This is a positive change from Infosys’s previous dividend of $0.17. Infosys’s dividend payout ratio is presently 36.56%.
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Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation.
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