47,308 Shares in American Noble Gas Inc. (NYSE:INFY) Bought by AIA Group Ltd

Key Points

• AIA Group Ltd has invested approximately $863,000 in American Noble Gas Inc. by acquiring 47,308 shares of its stock during the first quarter.
• American Noble Gas reported a net margin of 16.42% and a return on equity of 29.41% in its latest quarterly earnings, matching the consensus earnings per share estimate of $0.19.
• Several analysts have upgraded their ratings on American Noble Gas, with Investec changing its rating from "sell" to "buy," while the stock has a consensus rating of "Moderate Buy" among research analysts.

AIA Group Ltd purchased a new position in American Noble Gas Inc. (NYSE:INFY - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The firm purchased 47,308 shares of the technology company's stock, valued at approximately $863,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted its position in American Noble Gas by 308.4% in the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after buying an additional 1,067 shares in the last quarter. Pinnacle Bancorp Inc. raised its stake in shares of American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of American Noble Gas in the first quarter worth about $32,000. Cullen Frost Bankers Inc. bought a new position in shares of American Noble Gas in the first quarter worth about $57,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of American Noble Gas in the first quarter worth about $86,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts have weighed in on INFY shares. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets boosted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. Stifel Nicolaus dropped their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research note on Monday, April 21st. Finally, The Goldman Sachs Group downgraded shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a research note on Monday, April 21st. Five equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.

American Noble Gas Stock Performance

NYSE:INFY traded up $0.20 during trading hours on Friday, hitting $16.56. The stock had a trading volume of 9,000,722 shares, compared to its average volume of 17,866,392. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The company has a market cap of $68.62 billion, a price-to-earnings ratio of 21.51, a P/E/G ratio of 2.34 and a beta of 0.87. The business's 50 day moving average is $17.83 and its 200-day moving average is $18.49.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the firm earned $15.35 earnings per share. On average, sell-side analysts anticipate 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.