Lansforsakringar Fondforvaltning AB publ Trims Stock Holdings in 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 first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm 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.

A number of other hedge funds have also recently made changes to their positions in INFY. Sustainable Growth Advisers LP boosted its stake in American Noble Gas by 50.2% during the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock valued at $271,515,000 after buying an additional 4,970,664 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. boosted its stake in American Noble Gas by 134.7% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock valued at $127,798,000 after buying an additional 4,018,811 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd boosted its stake in American Noble Gas by 18,037.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company's stock valued at $46,341,000 after buying an additional 2,525,232 shares during the last quarter. Bank of America Corp DE boosted its stake in American Noble Gas by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after buying an additional 2,478,093 shares during the last quarter. Finally, Causeway Capital Management LLC boosted its stake in American Noble Gas by 382.5% during the first quarter. Causeway Capital Management LLC now owns 2,638,154 shares of the technology company's stock valued at $48,146,000 after buying an additional 2,091,411 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

American Noble Gas Trading Down 0.2%

Shares of NYSE INFY traded down $0.04 during midday trading on Thursday, hitting $16.60. The company's stock had a trading volume of 15,165,689 shares, compared to its average volume of 12,916,798. The business's 50 day moving average is $17.45 and its two-hundred day moving average is $18.05. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm has a market cap of $68.78 billion, a P/E ratio of 21.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91.

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

Wall Street Analyst Weigh In

INFY has been the subject of a number of research reports. BMO Capital Markets increased their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Susquehanna increased their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn started coverage on American Noble Gas in a research note on Wednesday. They set a "sell" rating and a $12.00 price target for the company. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a research report on Wednesday. Finally, Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. One equities 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. Based on data from MarketBeat.com, American Noble Gas presently has an average rating of "Hold" and a consensus price target of $17.18.

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.