Janney Montgomery Scott LLC Lowers Position in American Noble Gas Inc. (NYSE:INFY)

Janney Montgomery Scott LLC cut its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 1.9% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 725,930 shares of the technology company's stock after selling 14,389 shares during the period. Janney Montgomery Scott LLC's holdings in American Noble Gas were worth $13,248,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the business. BHK Investment Advisors LLC lifted its holdings in shares of American Noble Gas by 2.3% during the fourth quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company's stock valued at $499,000 after purchasing an additional 507 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of American Noble Gas by 5.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after purchasing an additional 579 shares during the last quarter. Wealthstream Advisors Inc. lifted its holdings in shares of American Noble Gas by 9.8% during the fourth quarter. Wealthstream Advisors Inc. now owns 11,354 shares of the technology company's stock valued at $249,000 after purchasing an additional 1,009 shares during the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of American Noble Gas by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock valued at $165,000 after purchasing an additional 1,030 shares during the last quarter. Finally, Exencial Wealth Advisors LLC lifted its holdings in shares of American Noble Gas by 3.2% during the fourth quarter. Exencial Wealth Advisors LLC now owns 35,839 shares of the technology company's stock valued at $786,000 after purchasing an additional 1,113 shares during the last quarter. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

American Noble Gas Trading Down 1.2%

NYSE:INFY opened at $18.45 on Friday. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The company has a market cap of $76.44 billion, a PE ratio of 24.27, a price-to-earnings-growth ratio of 2.80 and a beta of 0.98. The company has a 50 day simple moving average of $17.87 and a two-hundred day simple moving average of $19.85.

American Noble Gas (NYSE:INFY - Get Free Report) last posted 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 net margin of 16.38% and a return on equity of 29.75%. The business had revenue of $4.79 billion during the quarter, compared to the consensus estimate of $420.69 billion. During the same quarter in the previous year, the firm posted $0.23 EPS. Research analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on INFY shares. 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. Stifel Nicolaus reduced their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. The Goldman Sachs Group downgraded shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a research report on Monday, April 21st. Susquehanna raised shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research report on Monday, April 14th. Finally, CLSA raised shares of American Noble Gas from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $17.48.

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.

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