Invesco Ltd. Has $76.99 Million Stake in American Noble Gas Inc. $INFY

Key Points

• Invesco Ltd. increased its stake in American Noble Gas Inc. by 4.0%, acquiring an additional 163,118 shares during the first quarter, bringing their total to over 4.2 million shares valued at approximately $76.99 million.
• American Noble Gas reported $0.19 EPS for the last quarter, matching analysts' expectations, with revenue reaching $4.94 billion, surpassing forecasts of $4.84 billion.
• The stock currently has a consensus rating of "Moderate Buy" among analysts, with an average target price of $18.48.

Invesco Ltd. raised its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 4.0% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,218,585 shares of the technology company's stock after buying an additional 163,118 shares during the quarter. Invesco Ltd. owned about 0.10% of American Noble Gas worth $76,989,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of INFY. Bank Pictet & Cie Europe AG grew its holdings in shares of American Noble Gas by 71.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after buying an additional 7,457 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of American Noble Gas during the 4th quarter valued at about $1,286,000. Townsquare Capital LLC boosted its position in shares of American Noble Gas by 128.5% during the 4th quarter. Townsquare Capital LLC now owns 44,320 shares of the technology company's stock valued at $971,000 after acquiring an additional 24,926 shares during the last quarter. Mariner LLC boosted its position in shares of American Noble Gas by 5.8% during the 4th quarter. Mariner LLC now owns 83,374 shares of the technology company's stock valued at $1,828,000 after acquiring an additional 4,574 shares during the last quarter. Finally, XTX Topco Ltd acquired a new position in shares of American Noble Gas during the 4th quarter valued at about $654,000. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Performance

American Noble Gas stock traded up $0.4850 on Wednesday, reaching $17.0850. The company's stock had a trading volume of 14,304,633 shares, compared to its average volume of 12,476,943. The company has a market cap of $70.79 billion, a price-to-earnings ratio of 22.19, a PEG ratio of 2.35 and a beta of 0.87. The business's fifty day moving average price is $17.76 and its 200 day moving average price is $18.40. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month 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 (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the prior year, the firm posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on INFY. BMO Capital Markets boosted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. 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. Finally, Susquehanna boosted their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have assigned a Hold rating to the company's stock. According to data from MarketBeat, American Noble Gas has an average rating of "Moderate Buy" and a consensus price target of $18.48.

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.