FORA Capital LLC Acquires New Holdings in American Noble Gas Inc. $INFY

Key Points

• FORA Capital LLC acquired 214,743 shares of American Noble Gas Inc. valued at approximately $3.9 million in the first quarter, highlighting increased institutional interest in the company.
• Wall Street analysts raised their price targets for American Noble Gas, with BMO Capital Markets setting a target of $20.00 and rating it a "market perform".
• American Noble Gas reported earnings of $0.19 per share, meeting analysts' expectations, with a revenue of $4.94 billion for the quarter, surpassing expectations of $4.84 billion.

FORA Capital LLC acquired a new position in American Noble Gas Inc. (NYSE:INFY - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 214,743 shares of the technology company's stock, valued at approximately $3,919,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of INFY. Bank Pictet & Cie Europe AG increased its stake in shares of American Noble Gas by 71.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after purchasing an additional 7,457 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in American Noble Gas in the 4th quarter worth $1,286,000. Stifel Financial Corp increased its stake in American Noble Gas by 31.0% in the 4th quarter. Stifel Financial Corp now owns 81,135 shares of the technology company's stock worth $1,779,000 after buying an additional 19,219 shares in the last quarter. Integrated Wealth Concepts LLC increased its stake in American Noble Gas by 27.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 14,738 shares of the technology company's stock worth $323,000 after buying an additional 3,188 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC increased its stake in American Noble Gas by 5.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after buying an additional 579 shares in the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

American Noble Gas Stock Performance

NYSE INFY traded down $0.19 during trading on Friday, hitting $16.81. The stock had a trading volume of 17,333,207 shares, compared to its average volume of 19,138,494. The stock has a market capitalization of $69.65 billion, a price-to-earnings ratio of 21.83, a P/E/G ratio of 2.41 and a beta of 0.87. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63. The stock has a 50 day simple moving average of $17.54 and a 200 day simple moving average of $18.12.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, meeting 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 firm had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the previous year, the firm posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. On average, sell-side analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Susquehanna increased their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets increased their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $18.48.

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.