Aberdeen Group plc Increases Stake in American Noble Gas Inc. $INFY

Key Points

• Aberdeen Group plc increased its holdings in American Noble Gas Inc. by 16.5%, bringing its total shares to 397,150, valued at approximately $7.15 million.
• Various institutional investors, including Principal Financial Group Inc. and Union Bancaire Privee UBP SA, significantly raised their stakes in American Noble Gas, contributing to a total of 16.20% ownership by institutional investors.
• Analysts have recently upgraded American Noble Gas with a consensus price target of $18.48, with ratings ranging from "Strong Buy" to "Hold".

Aberdeen Group plc raised its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 16.5% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 397,150 shares of the technology company's stock after purchasing an additional 56,386 shares during the period. Aberdeen Group plc's holdings in American Noble Gas were worth $7,155,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Fullerton Fund Management Co Ltd. purchased a new stake in shares of American Noble Gas in the 4th quarter valued at approximately $4,465,000. Handelsbanken Fonder AB increased its position in shares of American Noble Gas by 46.2% in the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after purchasing an additional 41,592 shares during the last quarter. Union Bancaire Privee UBP SA increased its position in shares of American Noble Gas by 224.5% in the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock valued at $1,344,000 after purchasing an additional 53,628 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of American Noble Gas by 272.8% in the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock valued at $2,782,000 after purchasing an additional 111,553 shares during the last quarter. Finally, Captrust Financial Advisors increased its position in shares of American Noble Gas by 5.5% in the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after purchasing an additional 1,197 shares during the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on INFY. BMO Capital Markets upped their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, Susquehanna upped their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Stock Up 1.6%

NYSE:INFY traded up $0.2690 during trading hours on Friday, reaching $17.3190. 33,951,236 shares of the company's stock were exchanged, compared to its average volume of 17,991,508. The firm has a market capitalization of $71.76 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.48 and a beta of 0.87. The company has a 50-day moving average of $17.67 and a 200 day moving average of $18.29. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same quarter in the prior year, the business earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

About American Noble Gas

Infosys Ltd. is a digital services and consulting company, which engages in the provision of end-to-end business solutions. It operates through the following segments: Financial Services, Retail, Communication, Energy, Utilities, Resources, and Services, Manufacturing, Hi-Tech, Life Sciences, and All Other.