Ameriprise Financial Inc. Lowers Stock Position in American Noble Gas Inc. $INFY

Key Points

• Ameriprise Financial Inc. has reduced its stake in American Noble Gas Inc. by 12.1%, now holding a total of 2,455,199 shares valued at approximately $44.81 million.
• Several institutional investors have increased their stakes in American Noble Gas, with Rakuten Securities Inc. leading with a 308.4% increase in the first quarter.
• Wall Street analysts have updated their ratings on American Noble Gas, with target prices raised, reflecting a generally positive outlook; the current average target price is $18.48 with a consensus rating of "Moderate Buy."

Ameriprise Financial Inc. lowered its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 12.1% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,455,199 shares of the technology company's stock after selling 337,630 shares during the quarter. Ameriprise Financial Inc. owned about 0.06% of American Noble Gas worth $44,807,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. Kovitz Investment Group Partners LLC lifted its stake in American Noble Gas by 5.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after purchasing an additional 579 shares in the last quarter. KLP Kapitalforvaltning AS lifted its stake in American Noble Gas by 13.3% in the 1st quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares in the last quarter. Pinnacle Bancorp Inc. lifted its stake in American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares in the last quarter. Rakuten Securities Inc. lifted its stake in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares in the last quarter. Finally, Naviter Wealth LLC lifted its stake in American Noble Gas by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after purchasing an additional 1,109 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Analysts Set New Price Targets

INFY has been the topic of several research analyst reports. 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 boosted their target price on shares of 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 boosted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $18.48.

American Noble Gas Stock Up 0.1%

NYSE:INFY traded up $0.03 during mid-day trading on Tuesday, hitting $16.85. 9,349,069 shares of the stock traded hands, compared to its average volume of 12,837,106. The stock has a market capitalization of $69.80 billion, a price-to-earnings ratio of 21.88, a PEG ratio of 2.41 and a beta of 0.91. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The firm's 50 day moving average is $17.52 and its two-hundred day moving average is $18.06.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The company 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 prior year, the firm posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, research analysts predict that American Noble Gas Inc. will post 0.74 EPS 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.