BNP PARIBAS ASSET MANAGEMENT Holding S.A. Has $1.40 Million Stock Position in American Noble Gas Inc. $INFY

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

A number of other hedge funds have also made changes to their positions in INFY. Bank Pictet & Cie Europe AG lifted its position in shares of American Noble Gas by 71.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after purchasing an additional 7,457 shares in the last quarter. Raymond James Financial Inc. bought a new position in American Noble Gas during the fourth quarter valued at approximately $1,286,000. Mariner LLC raised its position in American Noble Gas by 5.8% during the fourth quarter. Mariner LLC now owns 83,374 shares of the technology company's stock valued at $1,828,000 after acquiring an additional 4,574 shares in the last quarter. NewEdge Advisors LLC raised its position in American Noble Gas by 1,288.1% during the fourth quarter. NewEdge Advisors LLC now owns 30,552 shares of the technology company's stock valued at $670,000 after acquiring an additional 28,351 shares in the last quarter. Finally, Marshall Wace LLP raised its position in American Noble Gas by 32.5% during the fourth quarter. Marshall Wace LLP now owns 242,180 shares of the technology company's stock valued at $5,309,000 after acquiring an additional 59,411 shares in the last quarter. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INFY has been the topic of several recent research reports. BMO Capital Markets raised their price objective 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 report on Friday, May 16th. Finally, Susquehanna raised their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Stock Up 1.6%

Shares of NYSE:INFY traded up $0.2690 during trading on Friday, reaching $17.3190. The stock had a trading volume of 33,951,236 shares, compared to its average volume of 18,734,772. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The firm has a market capitalization of $71.76 billion, a price-to-earnings ratio of 22.49, a P/E/G ratio of 2.48 and a beta of 0.87. The stock has a fifty day simple moving average of $17.67 and a two-hundred day simple moving average of $18.26.

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

American Noble Gas Company 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.