Amundi Reduces Stake in American Noble Gas Inc. $INFY

Amundi reduced its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 21.4% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 1,394,009 shares of the technology company's stock after selling 379,266 shares during the quarter. Amundi's holdings in American Noble Gas were worth $24,186,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. raised its holdings 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 during the period. Pinnacle Bancorp Inc. raised its holdings 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 during the period. Wayfinding Financial LLC bought a new position in American Noble Gas in the 1st quarter worth $32,000. Cullen Frost Bankers Inc. bought a new position in American Noble Gas in the 1st quarter worth $57,000. Finally, Banque Cantonale Vaudoise bought a new position in American Noble Gas in the 1st quarter worth $86,000. 16.20% of the stock is owned by institutional investors.

Analysts Set New Price Targets

INFY has been the topic of a number of recent research reports. BMO Capital Markets raised their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Rothschild & Co Redburn initiated coverage on American Noble Gas in a report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price target on the stock. Finally, Susquehanna raised their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the stock. According to MarketBeat, American Noble Gas currently has an average rating of "Hold" and an average target price of $17.18.

American Noble Gas Price Performance

Shares of American Noble Gas stock traded down $0.09 during trading on Friday, reaching $16.99. 12,966,767 shares of the stock traded hands, compared to its average volume of 18,181,430. The company has a market capitalization of $70.41 billion, a price-to-earnings ratio of 22.06, a P/E/G ratio of 2.44 and a beta of 0.91. The business has a fifty day simple moving average of $17.18 and a two-hundred day simple moving average of $17.82. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.During the same quarter last year, the business posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. On average, research analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

American Noble Gas 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.