American Noble Gas Inc. $INFY Shares Bought by Synovus Financial Corp

Key Points

• Synovus Financial Corp increased its stake in American Noble Gas Inc. (NYSE: INFY) by 57.1%, owning 215,284 shares valued at approximately $3.93 million as of the last quarter.
• American Noble Gas reported a quarterly EPS of $0.19, matching analysts' estimates, with revenue reaching $4.94 billion, surpassing expectations of $4.84 billion.
• Analysts have raised their ratings on American Noble Gas, with BMO Capital Markets increasing their price target from $18.00 to $20.00 and maintaining a "market perform" rating.

Synovus Financial Corp grew its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 57.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 215,284 shares of the technology company's stock after acquiring an additional 78,262 shares during the quarter. Synovus Financial Corp's holdings in American Noble Gas were worth $3,929,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of INFY. Bank Pictet & Cie Europe AG increased its position in American Noble Gas by 71.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after purchasing an additional 7,457 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in American Noble Gas during the 4th quarter worth approximately $1,286,000. NewEdge Advisors LLC increased its position in American Noble Gas by 1,288.1% during the 4th quarter. NewEdge Advisors LLC now owns 30,552 shares of the technology company's stock worth $670,000 after purchasing an additional 28,351 shares in the last quarter. Stifel Financial Corp increased its position in American Noble Gas by 31.0% during the 4th quarter. Stifel Financial Corp now owns 81,135 shares of the technology company's stock worth $1,779,000 after purchasing an additional 19,219 shares in the last quarter. Finally, Integrated Wealth Concepts LLC increased its position in American Noble Gas by 27.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 14,738 shares of the technology company's stock worth $323,000 after purchasing an additional 3,188 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Stock Up 1.6%

NYSE INFY opened at $17.3190 on Monday. The stock has a market cap of $71.76 billion, a PE ratio of 22.49, a P/E/G ratio of 2.48 and a beta of 0.87. The business has a 50 day moving average price of $17.67 and a two-hundred day moving average price of $18.26. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63.

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

Wall Street Analyst Weigh In

A number of analysts recently issued reports on the stock. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. BMO Capital Markets upped their price target on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Susquehanna upped their price target on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One investment 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. Based on data from MarketBeat, American Noble Gas has an average rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Company Profile

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.

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