Infosys Limited (NYSE:INFY – Get Free Report) was the recipient of unusually large options trading on Thursday. Stock investors acquired 9,820 put options on the stock. This is an increase of 270% compared to the average volume of 2,652 put options.
Hedge Funds Weigh In On Infosys
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. FWL Investment Management LLC bought a new stake in shares of Infosys in the 4th quarter worth $27,000. GAMMA Investing LLC acquired a new position in Infosys during the fourth quarter worth about $36,000. JFS Wealth Advisors LLC raised its position in Infosys by 88.3% in the third quarter. JFS Wealth Advisors LLC now owns 2,945 shares of the technology company’s stock worth $50,000 after acquiring an additional 1,381 shares in the last quarter. Planned Solutions Inc. acquired a new stake in Infosys in the 4th quarter valued at about $50,000. Finally, Jones Financial Companies Lllp bought a new position in shares of Infosys during the 4th quarter valued at about $56,000. 10.89% of the stock is owned by institutional investors.
Infosys Price Performance
Shares of Infosys stock traded down $0.40 on Thursday, hitting $16.55. The company had a trading volume of 16,645,052 shares, compared to its average volume of 9,269,226. Infosys has a 52 week low of $14.71 and a 52 week high of $20.74. The company has a market cap of $68.50 billion, a PE ratio of 23.86, a PEG ratio of 2.25 and a beta of 0.93. The business has a 50-day simple moving average of $18.94 and a 200-day simple moving average of $18.35.
Wall Street Analysts Forecast Growth
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 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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