Cerity Partners LLC Acquires 95,880 Shares of American Noble Gas Inc. (NYSE:INFY)

Cerity Partners LLC lifted its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 93.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 198,231 shares of the technology company's stock after purchasing an additional 95,880 shares during the period. Cerity Partners LLC's holdings in American Noble Gas were worth $3,618,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently modified their holdings of the company. Fullerton Fund Management Co Ltd. acquired a new stake in shares of American Noble Gas during the fourth quarter worth $4,465,000. Farther Finance Advisors LLC raised its position in shares of 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 worth $68,000 after purchasing an additional 1,279 shares during the period. Handelsbanken Fonder AB raised its position in shares of American Noble Gas by 46.2% during the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock worth $2,402,000 after purchasing an additional 41,592 shares during the period. Union Bancaire Privee UBP SA raised its position in shares of 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 worth $1,344,000 after purchasing an additional 53,628 shares during the period. Finally, Captrust Financial Advisors raised its position in shares of American Noble Gas by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock worth $502,000 after purchasing an additional 1,197 shares during the period. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INFY. BMO Capital Markets cut their target price 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. Stifel Nicolaus dropped their price target 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. The Goldman Sachs Group lowered 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. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Five investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, American Noble Gas currently has a consensus rating of "Moderate Buy" and an average price target of $17.73.

American Noble Gas Trading Down 1.5%

NYSE INFY traded down $0.27 on Friday, reaching $18.20. The stock had a trading volume of 9,705,664 shares, compared to its average volume of 9,872,242. The business has a 50 day moving average price of $18.41 and a 200 day moving average price of $19.18. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The company has a market capitalization of $75.41 billion, a price-to-earnings ratio of 23.95, a P/E/G ratio of 2.74 and a beta of 0.97.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. During the same quarter in the previous year, the company posted $0.23 earnings per share. On average, analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share 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.