American Noble Gas Inc. $INFY Shares Acquired by Bayforest Capital Ltd

Key Points

• Bayforest Capital Ltd increased its stake in American Noble Gas Inc. by 290.1%, acquiring an additional 41,454 shares, bringing its total holdings to 55,746 shares valued at approximately $1,017,000.
• Several institutional investors have made significant investments in American Noble Gas during the first quarter, with Rakuten Securities increasing its position by 308.4% and Pinnacle Bancorp raising its stake by 179.8%.
• The stock of American Noble Gas has a market cap of $69.59 billion and a PE ratio of 21.81, with the latest earnings report showing $0.19 earnings per share, meeting analysts' expectations.

Bayforest Capital Ltd increased its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 290.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 55,746 shares of the technology company's stock after purchasing an additional 41,454 shares during the period. Bayforest Capital Ltd's holdings in American Noble Gas were worth $1,017,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Rakuten Securities Inc. boosted 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 valued at $26,000 after purchasing an additional 1,067 shares during the last quarter. Pinnacle Bancorp Inc. boosted 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 valued at $26,000 after purchasing an additional 928 shares during the last quarter. Wayfinding Financial LLC acquired a new position in American Noble Gas in the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. acquired a new position in American Noble Gas in the 1st quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in American Noble Gas in the 1st quarter valued at about $86,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on INFY shares. Susquehanna boosted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. BMO Capital Markets boosted their target price on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. Rothschild Redb upgraded shares of American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Rothschild & Co Redburn began coverage on shares of American Noble Gas in a research report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price target for the company. Finally, Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One equities research 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. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $17.18.

American Noble Gas Stock Up 0.6%

American Noble Gas stock traded up $0.10 during mid-day trading on Thursday, reaching $17.08. 30,236,466 shares of the company's stock were exchanged, compared to its average volume of 17,603,326. The company has a market cap of $70.80 billion, a P/E ratio of 22.18, a P/E/G ratio of 2.43 and a beta of 0.91. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63. The company has a fifty day moving average of $17.22 and a 200-day moving average of $17.86.

American Noble Gas (NYSE:INFY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $4.94 billion for the quarter, compared to analyst estimates 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 business earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Equities research analysts expect 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.