Rhumbline Advisers Sells 140,477 Shares of American Noble Gas Inc. $INFY

Key Points

• Rhumbline Advisers reduced its stake in American Noble Gas Inc. (NYSE: INFY) by 19.6%, selling 140,477 shares to now hold a total of 575,246 shares, valued at approximately $10.5 million.
• Several institutional investors, including Rakuten Securities and Pinnacle Bancorp, significantly increased their holdings in the company, reflecting investor interest in American Noble Gas.
• American Noble Gas reported a quarterly earnings per share (EPS) of $0.19, meeting analysts' expectations, with revenue of $4.94 billion, surpassing estimates.

Rhumbline Advisers trimmed its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 19.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 575,246 shares of the technology company's stock after selling 140,477 shares during the period. Rhumbline Advisers' holdings in American Noble Gas were worth $10,498,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of the company. Strs Ohio acquired a new position in shares of American Noble Gas during the first quarter worth about $3,662,000. Acadian Asset Management LLC boosted its position in shares of American Noble Gas by 39.7% during the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock worth $482,427,000 after buying an additional 7,514,613 shares during the period. Geneos Wealth Management Inc. boosted its position in shares of American Noble Gas by 28.4% during the first quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company's stock worth $1,123,000 after buying an additional 13,617 shares during the period. Bayforest Capital Ltd boosted its position in shares of American Noble Gas by 290.1% during the first quarter. Bayforest Capital Ltd now owns 55,746 shares of the technology company's stock worth $1,017,000 after buying an additional 41,454 shares during the period. Finally, Ascent Group LLC acquired a new position in shares of American Noble Gas during the first quarter worth about $251,000. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on INFY shares. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. Rothschild & Co Redburn started coverage on American Noble Gas in a report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 target price on the stock. BMO Capital Markets upped their target price 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 target price 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 equities research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $17.18.

American Noble Gas Trading Up 0.4%

NYSE:INFY traded up $0.07 on Tuesday, hitting $16.99. The company's stock had a trading volume of 9,216,444 shares, compared to its average volume of 13,190,634. The stock has a fifty day moving average of $17.14 and a two-hundred day moving average of $17.78. The firm has a market capitalization of $70.41 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its 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 company had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.During the same quarter last year, the company earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current 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.