Federation des caisses Desjardins du Quebec Boosts Stake 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 grew its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 4.3% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 877,426 shares of the technology company's stock after acquiring 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 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. KLP Kapitalforvaltning AS boosted its position in shares of American Noble Gas by 13.3% during the 1st quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock valued at $124,000 after purchasing an additional 800 shares in the last quarter. Pinnacle Bancorp Inc. lifted 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 purchasing an additional 928 shares in the last quarter. 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 acquiring an additional 1,067 shares during the last quarter. Naviter Wealth LLC increased its position in shares of American Noble Gas by 1.2% during the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock valued at $1,654,000 after acquiring an additional 1,109 shares during the last quarter. Finally, Tidal Investments LLC increased its position in shares of American Noble Gas by 2.8% during the fourth quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock valued at $953,000 after acquiring an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have issued reports on the company. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Susquehanna raised their target price on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Rothschild & Co Redburn assumed coverage on American Noble Gas in a research report on Wednesday. They issued a "sell" rating and a $12.00 target price for the company. Finally, BMO Capital Markets raised their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Stock Performance

Shares of NYSE INFY traded down $0.22 during mid-day trading on Friday, hitting $16.38. The stock had a trading volume of 23,401,898 shares, compared to its average volume of 17,525,224. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63. The firm has a market cap of $67.85 billion, a P/E ratio of 21.27, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. The business has a 50 day moving average price of $17.37 and a two-hundred day moving average price of $17.96.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.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 previous year, the business earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Equities research analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current fiscal 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.