Infosys Ltd ADR on Focus After Bearish Options Activity

 Infosys Ltd ADR on Focus After Bearish Options Activity

In today’s session Infosys Ltd ADR (INFY) recorded an unusually high (7,345) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the November, 2016 put, expecting serious INFY decrease. With 7,345 contracts traded and 7594 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: INFY161118P00015000 closed last at: $0.55 or 22.2% up. About 558,935 shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 11.44% since March 8, 2016 and is downtrending. It has underperformed by 20.76% the S&P500.

Infosys Ltd ADR (NYSE:INFY) Ratings Coverage

Out of 11 analysts covering Infosys (NYSE:INFY), 2 rate it a “Buy”, 1 “Sell”, while 8 “Hold”. This means 18% are positive. $20 is the highest target while $18 is the lowest. The $19 average target is 21.25% above today’s ($15.67) stock price. Infosys has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. HSBC downgraded the shares of INFY in a report on Tuesday, August 9 to “Hold” rating. The stock of Infosys Ltd ADR (NYSE:INFY) has “Hold” rating given on Monday, September 28 by Societe Generale. The firm earned “Outperform” rating on Thursday, January 14 by Credit Suisse. The company was maintained on Monday, October 12 by Susquehanna. Wedbush initiated it with “Neutral” rating and $18 target price in Friday, September 9 report. Sterne Agee CRT initiated the shares of INFY in a report on Thursday, December 17 with “Neutral” rating. The stock of Infosys Ltd ADR (NYSE:INFY) earned “Hold” rating by Cantor Fitzgerald on Friday, October 16. Macquarie Research upgraded the stock to “Outperform” rating in Friday, July 24 report. The firm has “Underperform” rating by Jefferies given on Wednesday, August 26. As per Thursday, May 26, the company rating was upgraded by Goldman Sachs.

According to Zacks Investment Research, “Infosys Limited defines, designs and delivers technology-enabled business solutions. It provides business and technology consulting, application services, systems integration, product engineering, custom software development, maintenance, re-engineering, independent testing and validation services, IT infrastructure services and business process outsourcing. It serves aerospace and defense, airlines, automotive, communication services, consumer packaged goods, education, energy, financial services, healthcare, high technology, hospitality and leisure, industrial manufacturing, insurance, life sciences, logistics and distribution, media and entertainment, publishing, resources, retail and utilities industries. Infosys Limited, formerly known as Infosys Technologies Limited, is headquartered in Bengaluru, India.”

Infosys Limited is engaged in consulting, technology, outsourcing and next-generation services. The company has a market cap of $35.51 billion. The Company, along with its subsidiaries, provides business information technology services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. It has a 17.14 P/E ratio.

INFY Company Profile

Infosys Limited, incorporated on July 2, 1981, is engaged in consulting, technology, outsourcing and next-generation services. The Company, along with its subsidiaries, provides business information technology (IT) services comprising application development and maintenance, independent validation, infrastructure management, engineering services comprising product engineering and life cycle solutions and business process management; consulting and systems integration services comprising consulting, enterprise solutions, systems integration and advanced technologies; products, business platforms and solutions to accelerate intellectual property-led innovation, including Finacle, its banking solution, and offerings in the areas of Analytics, Cloud and Digital Transformation. The Company’s divisions are Financial Services and Insurance (FSI), Manufacturing and Hi-tech (MFG & Hi-TECH), Energy & utilities, Communication and Services (ECS), Retail, Consumer packaged goods and Logistics (RCL), and Life Sciences and Healthcare (LSH). The Firm operates in North America, Europe, India and Rest of the World.

More news for Infosys Ltd ADR (NYSE:INFY) were recently published by: Marketwatch.com, which released: “Virtual Stock Exchange” on October 09, 2009. Quotes.Wsj.com‘s article titled: “DOW JONES, A NEWS CORP COMPANY” and published on February 13, 2011 is yet another important article.

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