Modern Wealth Management LLC Purchases New Shares in American Noble Gas Inc. $INFY

Key Points

• Modern Wealth Management LLC has acquired a new stake in American Noble Gas Inc. (INFY), purchasing 20,783 shares valued at approximately $379,000.
• Several institutional investors have significantly increased their stakes in INFY, with New Vernon Capital Holdings II LLC boosting its position by 1,998.6%.
• American Noble Gas reported earnings of $0.19 per share for the last quarter, matching analyst expectations, with a net revenue of $4.94 billion.

Modern Wealth Management LLC acquired a new stake in American Noble Gas Inc. (NYSE:INFY - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,783 shares of the technology company's stock, valued at approximately $379,000.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INFY. New Vernon Capital Holdings II LLC increased its position in shares of American Noble Gas by 1,998.6% during the 1st quarter. New Vernon Capital Holdings II LLC now owns 12,617,101 shares of the technology company's stock worth $230,262,000 after purchasing an additional 12,015,884 shares during the last quarter. Acadian Asset Management LLC grew its position in shares of American Noble Gas by 39.7% during the first quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock worth $482,427,000 after buying an additional 7,514,613 shares in the last quarter. Sustainable Growth Advisers LP grew its position in shares of 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 worth $271,515,000 after buying an additional 4,970,664 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of 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 worth $127,798,000 after buying an additional 4,018,811 shares in the last quarter. Finally, Millennium Management LLC grew its position in shares of American Noble Gas by 53.5% during the first quarter. Millennium Management LLC now owns 9,153,711 shares of the technology company's stock worth $167,055,000 after buying an additional 3,191,155 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Trading Down 0.5%

Shares of NYSE INFY opened at $16.99 on Monday. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63. The stock has a 50 day moving average of $17.18 and a two-hundred day moving average of $17.80. The stock has a market cap of $70.41 billion, a P/E ratio of 22.06, a P/E/G ratio of 2.43 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS 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 business had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. During the same quarter in the prior year, the business earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, research analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on INFY shares. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. BMO Capital Markets boosted their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Susquehanna boosted their target price on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. Finally, Rothschild & Co Redburn began coverage on American Noble Gas in a research note on Wednesday, September 3rd. They set a "sell" rating and a $12.00 target price for the company. One analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have assigned a Hold rating and two have issued a Sell rating to the stock. According to MarketBeat, American Noble Gas currently has an average rating of "Hold" and a consensus target price of $17.18.

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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