GAM Holding AG Sells 96,276 Shares of American Noble Gas Inc. (NYSE:INFY)

GAM Holding AG lessened its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 19.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 387,060 shares of the technology company's stock after selling 96,276 shares during the period. GAM Holding AG's holdings in American Noble Gas were worth $7,064,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Bank Pictet & Cie Europe AG lifted its holdings in shares of American Noble Gas by 71.8% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock valued at $391,000 after purchasing an additional 7,457 shares in the last quarter. Principal Securities Inc. lifted its holdings in shares of American Noble Gas by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock valued at $106,000 after purchasing an additional 3,267 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of American Noble Gas by 3.1% during the fourth quarter. Principal Financial Group Inc. now owns 40,890 shares of the technology company's stock valued at $896,000 after purchasing an additional 1,222 shares in the last quarter. New York State Common Retirement Fund bought a new position in American Noble Gas during the 4th quarter valued at about $14,818,000. Finally, Global Retirement Partners LLC lifted its stake in American Noble Gas by 96.0% during the 4th quarter. Global Retirement Partners LLC now owns 7,594 shares of the technology company's stock valued at $166,000 after acquiring an additional 3,720 shares during the period. 16.20% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have issued reports on INFY. The Goldman Sachs Group cut shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 target price on the stock. in a research note on Monday, April 21st. Stifel Nicolaus lowered their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Finally, Susquehanna raised American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, American Noble Gas presently has an average rating of "Moderate Buy" and a consensus price target of $17.48.

American Noble Gas Trading Down 3.8%

INFY opened at $17.74 on Friday. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The firm's 50 day simple moving average is $17.89 and its two-hundred day simple moving average is $19.82. The company has a market capitalization of $73.49 billion, a PE ratio of 23.34, a PEG ratio of 2.80 and a beta of 0.98.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its earnings results on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $4.79 billion for the quarter, compared to analysts' expectations of $420.69 billion. During the same period last year, the firm earned $0.23 EPS. Equities analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

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.

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