M&T Bank Corp Reduces Position in American Noble Gas Inc. (NYSE:INFY)

M&T Bank Corp lessened its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 14.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 80,016 shares of the technology company's stock after selling 13,751 shares during the quarter. M&T Bank Corp's holdings in American Noble Gas were worth $1,460,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of INFY. Fullerton Fund Management Co Ltd. purchased a new position in shares of American Noble Gas during the 4th quarter valued at $4,465,000. Farther Finance Advisors LLC lifted its stake in shares of American Noble Gas by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after buying an additional 1,279 shares in the last quarter. Handelsbanken Fonder AB lifted its stake in shares of American Noble Gas by 46.2% during the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after buying an additional 41,592 shares in the last quarter. Union Bancaire Privee UBP SA lifted its stake in shares of American Noble Gas by 224.5% during the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock valued at $1,344,000 after buying an additional 53,628 shares in the last quarter. Finally, Captrust Financial Advisors lifted its stake in shares of American Noble Gas by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after buying an additional 1,197 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Down 0.2%

NYSE INFY traded down $0.04 on Thursday, reaching $18.46. The company had a trading volume of 13,528,012 shares, compared to its average volume of 10,028,405. The stock has a market capitalization of $76.51 billion, a PE ratio of 24.30, a price-to-earnings-growth ratio of 2.78 and a beta of 0.97. The firm's 50 day moving average price is $18.39 and its 200 day moving average price is $19.25. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period in the previous year, the firm posted $0.23 EPS. On average, research analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on INFY shares. Susquehanna upgraded shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets reduced their price target on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Finally, Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $17.48.

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.