C WorldWide Group Holding A S Boosts Stake in American Noble Gas Inc. (NYSE:INFY)

C WorldWide Group Holding A S raised its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 2.0% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 870,327 shares of the technology company's stock after purchasing an additional 17,358 shares during the quarter. C WorldWide Group Holding A S's holdings in American Noble Gas were worth $15,883,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Fullerton Fund Management Co Ltd. purchased a new stake in shares of American Noble Gas during the fourth quarter valued at approximately $4,465,000. Farther Finance Advisors LLC grew its holdings in American Noble Gas by 69.7% during the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after purchasing an additional 1,279 shares during the period. Handelsbanken Fonder AB grew its holdings in American Noble Gas by 46.2% during 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 holdings in American Noble Gas by 224.5% during 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. Finally, Captrust Financial Advisors grew its holdings in American Noble Gas by 5.5% during 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. 16.20% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on INFY shares. Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus lowered their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. BMO Capital Markets lowered their price target on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a research report on Monday, April 21st. The Goldman Sachs Group downgraded American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target on the stock. in a research report on Monday, April 21st. Finally, Susquehanna raised their price target on American Noble Gas from $17.00 to $18.00 and gave the company a "neutral" rating in a research report on Friday. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $17.73.

American Noble Gas Trading Down 1.5%

American Noble Gas stock traded down $0.27 during trading hours on Friday, hitting $18.20. 9,705,664 shares of the stock traded hands, compared to its average volume of 9,898,528. The firm's 50-day moving average price is $18.41 and its two-hundred day moving average price is $19.22. The company has a market cap of $75.41 billion, a PE ratio of 23.95, a PEG ratio of 2.78 and a beta of 0.97. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The firm had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period in the previous year, the firm posted $0.23 EPS. On average, sell-side 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.