Federation des caisses Desjardins du Quebec Grows Position in American Noble Gas Inc. $INFY

Key Points

• Federation des caisses Desjardins du Quebec increased its holdings in American Noble Gas Inc. by 4.3%, acquiring 35,833 shares during the first quarter, bringing its total to 877,426 shares valued at $16,013,000.
• American Noble Gas reported a net margin of 16.42% and achieved earnings of $0.19 EPS for the quarter, meeting analysts' expectations.
• Shares of American Noble Gas are currently trading at approximately $16.90, with a market capitalization of $70.03 billion and a consensus rating of "Moderate Buy" among analysts.

Federation des caisses Desjardins du Quebec boosted its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 877,426 shares of the technology company's stock after buying an additional 35,833 shares during the quarter. Federation des caisses Desjardins du Quebec's holdings in American Noble Gas were worth $16,013,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Rakuten Securities Inc. boosted its stake 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 purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. raised its holdings 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 acquiring an additional 928 shares in the last quarter. Wayfinding Financial LLC bought a new stake in shares of American Noble Gas in the first quarter valued at about $32,000. Cullen Frost Bankers Inc. bought a new stake in shares of American Noble Gas in the first quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise purchased a new stake in shares of American Noble Gas during the first quarter valued at about $86,000. 16.20% of the stock is owned by hedge funds and other institutional investors.

American Noble Gas Price Performance

NYSE:INFY traded up $0.36 during midday trading on Monday, hitting $16.74. The company's stock had a trading volume of 12,314,066 shares, compared to its average volume of 12,968,515. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The firm's 50 day moving average is $17.37 and its 200-day moving average is $17.93. The firm has a market cap of $69.37 billion, a P/E ratio of 21.73, a P/E/G ratio of 2.34 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the company earned $15.35 EPS. 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.

Wall Street Analyst Weigh In

Several research firms have commented on INFY. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Susquehanna increased their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn began coverage on shares of American Noble Gas in a research report on Wednesday, September 3rd. They set a "sell" rating and a $12.00 price target for the company. BMO Capital Markets increased their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Finally, Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $17.18.

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.