Is Buying Stock Like Infosys Ltd ADR Good Idea After Today’s Bearish Options Activity?

 Is Buying Stock Like Infosys Ltd ADR Good Idea After Today's Bearish Options Activity?

In today’s session Infosys Ltd ADR (INFY) recorded an unusually high (420) 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 420 contracts traded and 88044 open interest for the Nov, 16 contract, it seems this is a quite bearish bet. The option with symbol: INFY161118P00015000 closed last at: $0.2 or 0% . About 1.35M shares traded hands. Infosys Ltd ADR (NYSE:INFY) has declined 19.45% since April 8, 2016 and is downtrending. It has underperformed by 25.09% 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 32.31% above today’s ($14.36) stock price. Infosys has been the topic of 13 analyst reports since July 24, 2015 according to StockzIntelligence Inc. The firm has “Outperform” rating given on Friday, July 24 by Macquarie Research. Credit Suisse downgraded the stock to “Neutral” rating in Monday, July 18 report. Jefferies upgraded Infosys Ltd ADR (NYSE:INFY) on Wednesday, August 26 to “Underperform” rating. Susquehanna maintained the stock with “Neutral” rating in Monday, October 12 report. Susquehanna maintained Infosys Ltd ADR (NYSE:INFY) rating on Tuesday, September 1. Susquehanna has “Neutral” rating and $19 price target. The stock has “Neutral” rating given by Sterne Agee CRT on Thursday, December 17. The rating was downgraded by HSBC to “Hold” on Tuesday, August 9. Wedbush initiated the stock with “Neutral” rating in Friday, September 9 report. The firm has “Hold” rating given on Friday, October 16 by Cantor Fitzgerald. Credit Suisse upgraded the stock to “Outperform” rating in Thursday, January 14 report.

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 $31.32 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 15.47 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 recent Infosys Ltd ADR (NYSE:INFY) news were published by: Marketwatch.com which released: “/quotes/zigman/3870025/realtime” on October 09, 2009. Also Quotes.Wsj.com published the news titled: “DOW JONES, A NEWS CORP COMPANY” on February 13, 2011. Schaeffersresearch.com‘s news article titled: “Bleak Guidance Weighs On Infosys Ltd ADR (INFY)” with publication date: October 14, 2016 was also an interesting one.

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