American Noble Gas Inc. (NYSE:INFY) Shares Sold by Martin Currie Ltd.

Key Points

• Martin Currie Ltd. has reduced its stake in American Noble Gas Inc. (NYSE:INFY) by 5.9%, now holding 830,883 shares valued at approximately $15.16 million.
• Aberdeen Group plc significantly increased its holdings in American Noble Gas by 16.5%, while Neuberger Berman Group LLC boosted its stake by 376.9% during the same quarter.
• Analyst ratings for INFY show a mix of positions, with five analysts rating it as a buy and a consensus target price of $18.48.

Martin Currie Ltd. decreased its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 5.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 830,883 shares of the technology company's stock after selling 52,349 shares during the quarter. Martin Currie Ltd.'s holdings in American Noble Gas were worth $15,164,000 as of its most recent SEC filing.

Other institutional investors have also modified their holdings of the company. Aberdeen Group plc boosted its position in American Noble Gas by 16.5% during the first quarter. Aberdeen Group plc now owns 397,150 shares of the technology company's stock worth $7,155,000 after acquiring an additional 56,386 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in American Noble Gas by 4.0% during the first quarter. Dimensional Fund Advisors LP now owns 6,865,525 shares of the technology company's stock worth $125,262,000 after acquiring an additional 264,189 shares during the last quarter. OneAscent Investment Solutions LLC acquired a new position in American Noble Gas during the first quarter worth about $711,000. Vestmark Advisory Solutions Inc. boosted its position in American Noble Gas by 96.7% during the first quarter. Vestmark Advisory Solutions Inc. now owns 29,242 shares of the technology company's stock worth $534,000 after acquiring an additional 14,372 shares during the last quarter. Finally, Neuberger Berman Group LLC boosted its position in American Noble Gas by 376.9% during the first quarter. Neuberger Berman Group LLC now owns 169,670 shares of the technology company's stock worth $3,096,000 after acquiring an additional 134,093 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Analyst Ratings Changes

INFY has been the topic of a number of recent research reports. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus lowered their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Susquehanna boosted their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets boosted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, The Goldman Sachs Group downgraded shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. 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 stock. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $18.48.

American Noble Gas Price Performance

Shares of INFY stock opened at $16.36 on Friday. The firm's 50-day moving average is $17.86 and its two-hundred day moving average is $18.53. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a market capitalization of $67.77 billion, a PE ratio of 21.24, a price-to-earnings-growth ratio of 2.34 and a beta of 0.87.

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

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