Infosys Ltd (NYSE:INFY) saw unusually large options trading activity on Thursday. Stock traders acquired 5,082 call options on the stock. This is an increase of approximately 1,426% compared to the average volume of 333 call options.

INFY stock opened at $9.88 on Friday. Infosys has a 12 month low of $8.24 and a 12 month high of $10.65. The firm has a market capitalization of $42.90 billion, a PE ratio of 19.76, a price-to-earnings-growth ratio of 1.85 and a beta of 0.42.

Infosys (NYSE:INFY) last announced its quarterly earnings results on Tuesday, October 16th. The technology company reported $0.13 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.13. Infosys had a net margin of 21.94% and a return on equity of 24.56%. The firm had revenue of $2.92 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same period in the prior year, the firm posted $0.13 earnings per share. As a group, sell-side analysts predict that Infosys will post 0.52 earnings per share for the current fiscal year.

A number of hedge funds and other institutional investors have recently made changes to their positions in INFY. Fisher Asset Management LLC raised its position in Infosys by 90.7% during the third quarter. Fisher Asset Management LLC now owns 41,232,613 shares of the technology company’s stock worth $419,336,000 after acquiring an additional 19,614,497 shares during the period. Comgest Global Investors S.A.S. raised its position in Infosys by 34.2% during the third quarter. Comgest Global Investors S.A.S. now owns 35,080,350 shares of the technology company’s stock worth $356,768,000 after acquiring an additional 8,938,309 shares during the period. Bank of New York Mellon Corp raised its position in Infosys by 1,119,378.1% during the third quarter. Bank of New York Mellon Corp now owns 34,065,719 shares of the technology company’s stock worth $346,449,000 after acquiring an additional 34,062,676 shares during the period. BlackRock Inc. raised its position in Infosys by 166.6% during the third quarter. BlackRock Inc. now owns 29,932,893 shares of the technology company’s stock worth $304,416,000 after acquiring an additional 18,705,434 shares during the period. Finally, AQR Capital Management LLC raised its position in Infosys by 140.0% during the third quarter. AQR Capital Management LLC now owns 25,803,860 shares of the technology company’s stock worth $262,425,000 after acquiring an additional 15,050,391 shares during the period. 18.18% of the stock is currently owned by hedge funds and other institutional investors.

Several analysts have recently commented on INFY shares. Citigroup raised shares of Infosys from a “neutral” rating to a “buy” rating in a report on Friday, January 4th. ValuEngine raised shares of Infosys from a “sell” rating to a “hold” rating in a report on Wednesday, January 2nd. BMO Capital Markets reaffirmed a “hold” rating and issued a $11.00 price objective on shares of Infosys in a report on Wednesday, October 17th. Goldman Sachs Group downgraded shares of Infosys from a “buy” rating to a “neutral” rating and set a $11.00 price objective on the stock. in a report on Wednesday, October 17th. Finally, Robert W. Baird upped their price objective on shares of Infosys from $9.00 to $10.00 and gave the company a “neutral” rating in a report on Friday, September 14th. Four equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and three have assigned a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $14.63.

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Infosys Company Profile

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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