Baird Financial Group Inc. Acquires Shares of 91,497 American Noble Gas Inc. $INFY

Key Points

• Baird Financial Group Inc. has made a new investment in American Noble Gas Inc., acquiring 91,497 shares valued at approximately $1,670,000 in the first quarter.
• Despite the recent investment activity, American Noble Gas stock has decreased by 1.3%, opening at $16.38, with a twelve-month range between $15.82 and $23.63.
• Equities analysts generally maintain a consensus hold rating on the stock, with a target price averaging around $17.18, amidst varying buy and sell ratings from different firms.

Baird Financial Group Inc. purchased a new stake in American Noble Gas Inc. (NYSE:INFY - Free Report) during the first quarter, according to its most recent filing with the SEC. The fund purchased 91,497 shares of the technology company's stock, valued at approximately $1,670,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. Panagora Asset Management Inc. increased its holdings in American Noble Gas by 0.4% in the 1st quarter. Panagora Asset Management Inc. now owns 1,260,318 shares of the technology company's stock valued at $23,001,000 after acquiring an additional 5,583 shares during the last quarter. OLD Mission Capital LLC bought a new stake in American Noble Gas in the 1st quarter valued at $204,000. Vident Advisory LLC increased its holdings in American Noble Gas by 15.8% in the 1st quarter. Vident Advisory LLC now owns 185,656 shares of the technology company's stock valued at $3,388,000 after acquiring an additional 25,338 shares during the last quarter. The Manufacturers Life Insurance Company increased its holdings in American Noble Gas by 6.3% in the 1st quarter. The Manufacturers Life Insurance Company now owns 959,535 shares of the technology company's stock valued at $17,512,000 after acquiring an additional 57,276 shares during the last quarter. Finally, Trexquant Investment LP increased its holdings in American Noble Gas by 263.1% in the 1st quarter. Trexquant Investment LP now owns 1,403,219 shares of the technology company's stock valued at $25,609,000 after acquiring an additional 1,016,742 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on INFY. Rothschild Redb upgraded shares of American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a report 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. Rothschild & Co Redburn began coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 target price on the stock. 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 analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, American Noble Gas has an average rating of "Hold" and an average target price of $17.18.

American Noble Gas Stock Down 0.5%

NYSE:INFY traded down $0.09 during mid-day trading on Friday, hitting $16.99. 12,966,767 shares of the stock traded hands, compared to its average volume of 18,181,430. The stock has a market capitalization of $70.41 billion, a price-to-earnings ratio of 22.06, a PEG ratio of 2.44 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 $17.18 and its two-hundred day moving average is $17.84.

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 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.