Lansforsakringar Fondforvaltning AB publ Sells 32,152 Shares of American Noble Gas Inc. $INFY

Key Points

• Lansforsakringar Fondforvaltning AB reduced its stake in American Noble Gas Inc. by 46.4%, owning 37,195 shares worth $679,000 after selling 32,152 shares in the first quarter.
• Other investors like Rakuten Securities Inc. and Pinnacle Bancorp Inc. significantly increased their positions in American Noble Gas, with Rakuten growing by 308.4% and Pinnacle by 179.8% in the same period.
• American Noble Gas reported quarterly earnings of $0.19 per share, matching analysts' expectations, and had a revenue of $4.94 billion, which surpassed estimates of $4.84 billion.

Lansforsakringar Fondforvaltning AB publ decreased its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 46.4% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 37,195 shares of the technology company's stock after selling 32,152 shares during the period. Lansforsakringar Fondforvaltning AB publ's holdings in American Noble Gas were worth $679,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. Fullerton Fund Management Co Ltd. bought a new position in shares of American Noble Gas in the fourth quarter valued at approximately $4,465,000. Handelsbanken Fonder AB boosted its position in shares of American Noble Gas by 46.2% in the first quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after acquiring an additional 41,592 shares during the period. Union Bancaire Privee UBP SA boosted its position in shares of American Noble Gas by 224.5% in the first quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock valued at $1,344,000 after acquiring an additional 53,628 shares during the period. Principal Financial Group Inc. boosted its position in shares of American Noble Gas by 272.8% in the first quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock valued at $2,782,000 after acquiring an additional 111,553 shares during the period. Finally, Captrust Financial Advisors boosted its position in shares of American Noble Gas by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after acquiring an additional 1,197 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently commented on INFY. Rothschild & Co Redburn began coverage on shares of American Noble Gas in a research report on Wednesday. They issued a "sell" rating and a $12.00 price objective for the company. Susquehanna lifted their target price 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 Redb upgraded shares of American Noble Gas to a "strong sell" rating in a research report on Wednesday. BMO Capital Markets lifted their target price 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, Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Trading Down 1.3%

Shares of INFY traded down $0.22 during mid-day trading on Friday, reaching $16.38. The company's stock had a trading volume of 23,401,898 shares, compared to its average volume of 17,525,224. The stock has a market cap of $67.85 billion, a PE ratio of 21.27, a P/E/G ratio of 2.34 and a beta of 0.91. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The company's fifty day moving average price is $17.37 and its two-hundred day moving average price is $17.96.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion during the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same period in the previous year, the business posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Research analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current year.

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.