DekaBank Deutsche Girozentrale Reduces Holdings in American Noble Gas Inc. (NYSE:INFY)

DekaBank Deutsche Girozentrale lowered its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 5.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,055,802 shares of the technology company's stock after selling 64,000 shares during the period. DekaBank Deutsche Girozentrale's holdings in American Noble Gas were worth $18,704,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of INFY. Rakuten Securities Inc. increased its position in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,067 shares in the last quarter. Pinnacle Bancorp Inc. grew its position in shares of American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after buying an additional 928 shares during the period. Wayfinding Financial LLC acquired a new position in shares of American Noble Gas during the 1st quarter worth about $32,000. Farther Finance Advisors LLC grew its position in shares of American Noble Gas by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock worth $68,000 after buying an additional 1,279 shares during the period. Finally, GAMMA Investing LLC grew its position in shares of American Noble Gas by 32.4% during the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock worth $109,000 after buying an additional 1,455 shares during the period. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Stock Performance

American Noble Gas stock traded up $0.17 during mid-day trading on Friday, reaching $18.27. The stock had a trading volume of 8,003,832 shares, compared to its average volume of 9,959,379. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The stock's 50-day simple moving average is $18.34 and its 200-day simple moving average is $19.39. The firm has a market capitalization of $75.68 billion, a PE ratio of 24.02, a price-to-earnings-growth ratio of 2.84 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 earnings per share (EPS) for the quarter, beating the consensus estimate 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 analyst estimates of $420.69 billion. During the same period in the previous year, the company posted $0.23 earnings per share. On average, research analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the subject of several research analyst reports. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Stifel Nicolaus dropped their price objective on American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research note on Monday, April 21st. BMO Capital Markets reduced their target price on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating on the stock in a report on Monday, April 21st. Susquehanna upgraded American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a research report on Monday, April 14th. Finally, Investec upgraded American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Six 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's stock. Based on data from MarketBeat, American Noble Gas presently has an average rating of "Moderate Buy" and an average target price of $17.48.

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.