Infosys Target of Unusually Large Options Trading (NYSE:INFY)

Infosys Limited (NYSE:INFY) saw some unusual options trading on Monday. Stock traders acquired 4,580 call options on the stock. This represents an increase of approximately 82% compared to the typical daily volume of 2,521 call options.

Institutional Investors Weigh In On Infosys

Hedge funds and other institutional investors have recently made changes to their positions in the business. GAMMA Investing LLC purchased a new stake in Infosys during the fourth quarter valued at about $36,000. Planned Solutions Inc. acquired a new position in shares of Infosys during the fourth quarter worth about $50,000. Jones Financial Companies Lllp acquired a new position in shares of Infosys during the fourth quarter worth about $56,000. EverSource Wealth Advisors LLC lifted its stake in shares of Infosys by 113.4% during the fourth quarter. EverSource Wealth Advisors LLC now owns 3,130 shares of the technology company’s stock worth $58,000 after purchasing an additional 1,663 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Infosys during the fourth quarter worth about $123,000. Hedge funds and other institutional investors own 10.89% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on INFY shares. BMO Capital Markets dropped their price target on Infosys from $21.00 to $18.00 and set a “market perform” rating on the stock in a research report on Friday, April 19th. Wedbush reissued an “outperform” rating and issued a $22.00 price objective on shares of Infosys in a report on Wednesday, March 13th. StockNews.com lowered Infosys from a “buy” rating to a “hold” rating in a research note on Tuesday, March 19th. Susquehanna reduced their target price on Infosys from $15.00 to $14.00 and set a “negative” rating on the stock in a research report on Friday, April 19th. Finally, HSBC reiterated a “hold” rating and issued a $20.10 price objective on shares of Infosys in a report on Friday, April 19th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $19.27.

Infosys Stock Performance

Infosys stock opened at $19.23 on Wednesday. The stock has a fifty day moving average of $17.41 and a two-hundred day moving average of $18.43. The company has a market capitalization of $79.61 billion, a price-to-earnings ratio of 25.30, a PEG ratio of 3.43 and a beta of 0.98. Infosys has a fifty-two week low of $15.33 and a fifty-two week high of $20.74.

Infosys (NYSE:INFY) last released its quarterly earnings results on Thursday, April 18th. The technology company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.17 by $0.06. The company had revenue of $4.56 billion during the quarter, compared to the consensus estimate of $4.49 billion. Infosys had a return on equity of 32.33% and a net margin of 17.06%. During the same quarter last year, the business posted $0.18 earnings per share. On average, analysts forecast that Infosys will post 0.75 EPS for the current fiscal year.

Infosys Cuts Dividend

The firm also recently disclosed a semi-annual dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 31st were given a $0.2035 dividend. This represents a dividend yield of 1.4%. The ex-dividend date was Friday, May 31st. Infosys’s dividend payout ratio is currently 38.16%.

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 digital marketing and digital workplace, digital commerce, digital experience and interactions, metaverse, data analytics and AI, applied AI, generative AI, sustainability, blockchain, engineering, Internet of Things, enterprise agile DevOps, application modernization, cloud, digital process automation, digital supply chain, Microsoft business application and cloud business, service experience transformation, energy transition, cyber security, and quality engineering solutions; Oracle, SAP, and Saleforce solutions; API economy and microservices; and Topaz, an AI-first set of services, solutions, and platforms using generative AI technologies.