Diversified Trust Co Purchases 44,728 Shares of American Noble Gas Inc. (NYSE:INFY)

Diversified Trust Co boosted its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 204.9% during the first quarter, according to its most recent 13F filing with the SEC. The firm owned 66,560 shares of the technology company's stock after acquiring an additional 44,728 shares during the period. Diversified Trust Co's holdings in American Noble Gas were worth $1,215,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Rakuten Securities Inc. increased its position in shares of American Noble Gas by 308.4% during 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 during the period. Pinnacle Bancorp Inc. increased its position in shares of American Noble Gas by 179.8% during 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 during the period. Farther Finance Advisors LLC increased 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 valued at $68,000 after buying an additional 1,279 shares during the period. GAMMA Investing LLC increased its position in shares of American Noble Gas by 32.4% during the first quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock valued at $109,000 after buying an additional 1,455 shares during the period. Finally, Fairtree Asset Management Pty Ltd bought a new stake in shares of American Noble Gas during the fourth quarter valued at about $130,000. 16.20% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have recently weighed in on INFY. Susquehanna upgraded American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target on the stock in a research report on Monday, April 14th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. BMO Capital Markets cut their price objective on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Finally, CLSA raised American Noble Gas from a "hold" rating to an "outperform" rating in a report on Friday, March 7th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, American Noble Gas has a consensus rating of "Moderate Buy" and an average target price of $17.48.

American Noble Gas Trading Down 0.4%

Shares of NYSE INFY opened at $18.52 on Friday. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The firm has a market capitalization of $76.76 billion, a price-to-earnings ratio of 24.37, a PEG ratio of 2.82 and a beta of 0.98. The business has a 50-day moving average of $18.07 and a 200-day moving average of $19.64.

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, topping the consensus estimate of $0.19 by $0.01. The business had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 prior year, the firm earned $0.23 earnings per share. On average, analysts predict that American Noble Gas Inc. will post 0.74 earnings per share 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.

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