XTX Topco Ltd Increases Stake in American Noble Gas Inc. (NYSE:INFY)

Key Points

• XTX Topco Ltd increased its holdings in American Noble Gas Inc. by 109.2% in the first quarter, owning 62,438 shares valued at approximately $1.14 million.
• First Trust Advisors LP and AQR Capital Management LLC also significantly boosted their shares, with First Trust raising its stake by 14.5% and AQR by 270.9%.
• The latest earnings report showed a consistent performance with an EPS of $0.19 and revenue of $4.94 billion, aligning with analysts' expectations.

XTX Topco Ltd lifted its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 109.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 62,438 shares of the technology company's stock after acquiring an additional 32,595 shares during the period. XTX Topco Ltd's holdings in American Noble Gas were worth $1,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Banque Cantonale Vaudoise acquired a new position in American Noble Gas in the 1st quarter valued at $86,000. Mackenzie Financial Corp grew its holdings in shares of American Noble Gas by 154.3% during the first quarter. Mackenzie Financial Corp now owns 1,178,557 shares of the technology company's stock worth $21,509,000 after buying an additional 715,055 shares in the last quarter. LPL Financial LLC grew its holdings in shares of American Noble Gas by 21.1% during the first quarter. LPL Financial LLC now owns 292,857 shares of the technology company's stock worth $5,345,000 after buying an additional 50,930 shares in the last quarter. Assetmark Inc. raised its position in shares of American Noble Gas by 6.6% in the first quarter. Assetmark Inc. now owns 55,094 shares of the technology company's stock valued at $1,005,000 after buying an additional 3,416 shares during the last quarter. Finally, Financial & Tax Architects LLC lifted its stake in shares of American Noble Gas by 10.6% in the first quarter. Financial & Tax Architects LLC now owns 31,212 shares of the technology company's stock worth $570,000 after buying an additional 2,990 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

INFY has been the topic of a number of recent research reports. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research report on Monday, April 21st. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. BMO Capital Markets increased their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Susquehanna lifted their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Five research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Price Performance

Shares of INFY stock traded down $0.30 during trading on Friday, hitting $16.42. 20,077,870 shares of the stock traded hands, compared to its average volume of 15,772,546. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The firm has a market capitalization of $68.04 billion, a P/E ratio of 21.32, a price-to-earnings-growth ratio of 2.35 and a beta of 0.87. The firm's fifty day moving average price is $18.23 and its 200-day moving average price is $18.82.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting 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 company had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. During the same quarter last year, the firm earned $15.35 earnings per share. As a group, equities research analysts expect that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

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.