Canada Pension Plan Investment Board Reduces Stake in American Noble Gas Inc. $INFY

Key Points

• Canada Pension Plan Investment Board has significantly reduced its stake in American Noble Gas Inc. by 84.8%, now holding 788,112 shares worth approximately $14.4 million after selling over 4.4 million shares.
• In contrast, other investors such as KLP Kapitalforvaltning AS and Pinnacle Bancorp Inc. have increased their holdings in American Noble Gas, indicating varying confidence levels among institutional investors.
• American Noble Gas has recently received positive ratings upgrades from various brokerages, highlighting a shift in investor sentiment with an average target price now set at $18.48.

Canada Pension Plan Investment Board reduced its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 84.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 788,112 shares of the technology company's stock after selling 4,401,800 shares during the period. Canada Pension Plan Investment Board's holdings in American Noble Gas were worth $14,383,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. KLP Kapitalforvaltning AS increased its holdings in shares of American Noble Gas by 13.3% in the 1st quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock valued at $124,000 after acquiring an additional 800 shares during the period. Pinnacle Bancorp Inc. boosted its stake in shares of American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after buying an additional 928 shares in the last quarter. Rakuten Securities Inc. boosted its stake in shares of American Noble Gas by 308.4% in the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after buying an additional 1,067 shares in the last quarter. Naviter Wealth LLC grew its holdings in American Noble Gas by 1.2% during the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after acquiring an additional 1,109 shares during the period. Finally, Tidal Investments LLC raised its position in American Noble Gas by 2.8% in the fourth quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock worth $953,000 after acquiring an additional 1,184 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on INFY. 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. BMO Capital Markets boosted their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a report on Thursday, July 24th. Finally, Susquehanna lifted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One equities research 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. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Price Performance

American Noble Gas stock opened at $16.81 on Tuesday. The stock has a market capitalization of $69.65 billion, a P/E ratio of 21.83, a P/E/G ratio of 2.41 and a beta of 0.91. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm's 50-day moving average is $17.52 and its two-hundred day moving average is $18.06.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. The business had revenue of $4.94 billion for the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current 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.

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