American Noble Gas Inc. $INFY Shares Sold by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

Key Points

• BNP PARIBAS ASSET MANAGEMENT significantly reduced its stake in American Noble Gas Inc. by 77.6%, selling 265,419 shares and retaining 76,616 shares, valued at approximately $1.4 million.
• Multiple institutional investors have recently increased their holdings in American Noble Gas, with notable increases from Rakuten Securities and Pinnacle Bancorp, reflecting a general interest in the company.
• Analysts have mixed ratings on American Noble Gas, with price targets ranging from $17.00 to $20.00, and a current consensus rating of "Moderate Buy".

BNP PARIBAS ASSET MANAGEMENT Holding S.A. trimmed its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 77.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 76,616 shares of the technology company's stock after selling 265,419 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A.'s holdings in American Noble Gas were worth $1,398,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Fullerton Fund Management Co Ltd. acquired a new stake in shares of American Noble Gas in the fourth quarter valued at about $4,465,000. Handelsbanken Fonder AB grew its position in shares of American Noble Gas by 46.2% in the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after purchasing an additional 41,592 shares during the period. Union Bancaire Privee UBP SA grew its position in shares of American Noble Gas by 224.5% in the first quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock valued at $1,344,000 after purchasing an additional 53,628 shares during the period. Principal Financial Group Inc. grew its position in shares of American Noble Gas by 272.8% in the first quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock valued at $2,782,000 after purchasing an additional 111,553 shares during the period. Finally, Captrust Financial Advisors grew its position in shares of American Noble Gas by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after purchasing an additional 1,197 shares during the period. Institutional investors and hedge funds own 16.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INFY. BMO Capital Markets lifted 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 research report on Thursday, July 24th. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Finally, Susquehanna raised their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Trading Up 1.6%

American Noble Gas stock traded up $0.2690 during mid-day trading on Friday, hitting $17.3190. The company's stock had a trading volume of 33,951,236 shares, compared to its average volume of 12,713,719. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The stock's fifty day moving average is $17.69 and its two-hundred day moving average is $18.35. The firm has a market capitalization of $71.76 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.43 and a beta of 0.87.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period last year, the company earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. On average, equities analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

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.