Bessemer Group Inc. Grows Stock Holdings in American Noble Gas Inc. (NYSE:INFY)

Bessemer Group Inc. grew its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 10.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 595,275 shares of the technology company's stock after purchasing an additional 54,657 shares during the quarter. Bessemer Group Inc.'s holdings in American Noble Gas were worth $10,862,000 at the end of the most recent quarter.

Several other large investors have also modified their holdings of the business. AQR Capital Management LLC lifted its stake in shares of American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after buying an additional 6,693,127 shares during the period. Arrowstreet Capital Limited Partnership increased its position in shares of American Noble Gas by 118.8% in the fourth quarter. Arrowstreet Capital Limited Partnership now owns 7,912,259 shares of the technology company's stock worth $173,437,000 after acquiring an additional 4,296,291 shares in the last quarter. First Trust Advisors LP increased its position in shares of American Noble Gas by 14.5% in the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock worth $710,430,000 after acquiring an additional 4,108,903 shares in the last quarter. Bank Julius Baer & Co. Ltd Zurich increased its position in shares of American Noble Gas by 1,668.3% in the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 3,228,211 shares of the technology company's stock worth $75,470,000 after acquiring an additional 3,045,656 shares in the last quarter. Finally, Bank of America Corp DE grew its holdings in American Noble Gas by 43.1% during the 4th quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after purchasing an additional 2,478,093 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Price Performance

Shares of INFY stock opened at $18.61 on Friday. The firm has a market cap of $77.10 billion, a P/E ratio of 24.48, a P/E/G ratio of 2.81 and a beta of 0.98. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The firm has a fifty day moving average of $18.02 and a two-hundred day moving average of $19.70.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) 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 company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period last year, the firm posted $0.23 EPS. On average, sell-side analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

INFY has been the subject of a number of recent analyst reports. CLSA raised shares of American Noble Gas from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Stifel Nicolaus lowered their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective for the company. in a report on Monday, April 21st. Finally, Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, American Noble Gas currently has an average rating of "Moderate Buy" and an average price target 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.