Infosys Limited (NYSE:INFY – Get Free Report) saw some unusual options trading activity on Thursday. Traders purchased 9,820 put options on the stock. This is an increase of approximately 270% compared to the typical daily volume of 2,652 put options.
Analyst Ratings Changes
Several research firms have issued reports on INFY. Guggenheim began coverage on shares of Infosys in a research note on Tuesday, March 19th. They issued a “neutral” rating and a $20.00 target price on the stock. Wedbush reaffirmed an “outperform” rating and set a $22.00 target price on shares of Infosys in a report on Wednesday, March 13th. BNP Paribas began coverage on shares of Infosys in a report on Wednesday, January 17th. They set an “outperform” rating and a $24.00 target price on the stock. Bank of America raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Tuesday, April 9th. Finally, StockNews.com lowered shares of Infosys from a “buy” rating to a “hold” rating in a report on Tuesday, March 19th. One analyst has rated the stock with a sell rating, five have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $19.27.
Read Our Latest Stock Analysis on INFY
Institutional Investors Weigh In On Infosys
Infosys Stock Performance
INFY stock opened at $16.81 on Friday. The firm has a market cap of $69.58 billion, a price-to-earnings ratio of 23.68, a PEG ratio of 2.24 and a beta of 0.93. The firm has a 50-day simple moving average of $18.80 and a two-hundred day simple moving average of $18.34. Infosys has a one year low of $14.71 and a one year high of $20.74.
Infosys (NYSE:INFY – Get Free Report) last announced its quarterly earnings data on Thursday, April 18th. The technology company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.17 by $0.06. The firm had revenue of $4.56 billion during the quarter, compared to analyst estimates of $4.49 billion. Infosys had a net margin of 15.91% and a return on equity of 31.25%. During the same period last year, the firm posted $0.18 EPS. As a group, equities analysts predict that Infosys will post 0.7 earnings per share for the current fiscal year.
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.
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