Investors Purchase Large Volume of Infosys Call Options (NYSE:INFY)

Infosys Ltd (NYSE:INFY) was the target of some unusual options trading activity on Monday. Investors acquired 5,626 call options on the stock. This is an increase of approximately 1,153% compared to the average volume of 449 call options.

NYSE INFY opened at $9.01 on Wednesday. The company’s 50-day moving average price is $11.18 and its 200-day moving average price is $10.90. The stock has a market cap of $44.81 billion, a PE ratio of 16.69, a PEG ratio of 2.04 and a beta of 0.50. Infosys has a 12 month low of $8.85 and a 12 month high of $12.08.

A number of research firms have recently commented on INFY. Robert W. Baird cut their price target on shares of Infosys from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Monday, October 14th. UBS Group cut shares of Infosys from a “buy” rating to a “neutral” rating in a report on Monday, September 16th. BMO Capital Markets set a $13.00 price target on shares of Infosys and gave the stock a “hold” rating in a report on Monday, July 15th. Citigroup cut shares of Infosys to a “hold” rating in a report on Monday, October 14th. Finally, Wedbush restated a “neutral” rating on shares of Infosys in a report on Friday, July 12th. Two equities research analysts have rated the stock with a sell rating and fourteen have issued a hold rating to the stock. Infosys currently has an average rating of “Hold” and an average price target of $11.20.

Several hedge funds and other institutional investors have recently bought and sold shares of INFY. NEXT Financial Group Inc grew its holdings in Infosys by 85.7% during the 2nd quarter. NEXT Financial Group Inc now owns 2,492 shares of the technology company’s stock worth $27,000 after acquiring an additional 1,150 shares in the last quarter. Huntington National Bank grew its holdings in Infosys by 60.3% during the 2nd quarter. Huntington National Bank now owns 3,957 shares of the technology company’s stock worth $42,000 after acquiring an additional 1,489 shares in the last quarter. Pacer Advisors Inc. bought a new position in Infosys during the 2nd quarter worth about $47,000. Rational Advisors LLC grew its holdings in Infosys by 54.5% during the 2nd quarter. Rational Advisors LLC now owns 5,659 shares of the technology company’s stock worth $61,000 after acquiring an additional 1,997 shares in the last quarter. Finally, Capital Investment Advisory Services LLC bought a new position in Infosys during the 2nd quarter worth about $62,000. Hedge funds and other institutional investors own 18.05% of the company’s stock.

About Infosys

Infosys Limited, together with its subsidiaries, provides consulting, technology, and outsourcing services in North America, Europe, India, and internationally. It provides business information technology services, including application development and maintenance, independent validation, infrastructure management, and business process management services, as well as engineering services, such as engineering and life cycle solutions; and consulting and systems integration services comprising consulting, enterprise solutions, systems integration, and advanced technologies.

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