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 position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 20,783 shares of the technology company's stock, valued at approximately $379,000.

Other large investors also recently bought and sold shares of the company. KLP Kapitalforvaltning AS boosted its stake in shares of American Noble Gas by 13.3% during the first quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock valued at $124,000 after acquiring an additional 800 shares during the last quarter. Pinnacle Bancorp Inc. lifted its position in American Noble Gas by 179.8% during the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after acquiring an additional 928 shares in the last quarter. Rakuten Securities Inc. increased its holdings in shares of American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after acquiring an additional 1,067 shares during the last quarter. Naviter Wealth LLC grew its stake in American Noble Gas by 1.2% during the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after buying an additional 1,109 shares during the last quarter. Finally, Tidal Investments LLC grew its stake in American Noble Gas by 2.8% during the 4th quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock worth $953,000 after buying an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

American Noble Gas Trading Down 3.1%

NYSE:INFY traded down $0.54 during mid-day trading on Friday, hitting $17.03. 54,705,470 shares of the company's stock traded hands, compared to its average volume of 18,826,504. The firm has a 50 day moving average of $17.05 and a two-hundred day moving average of $17.74. 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 capitalization of $70.59 billion, a price-to-earnings ratio of 22.12, a price-to-earnings-growth ratio of 2.52 and a beta of 0.91.

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

Analyst Ratings Changes

Several brokerages have recently weighed in on INFY. Rothschild & Co Redburn initiated coverage on American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective for the company. Susquehanna upped their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. BMO Capital Markets upped their target price on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Finally, Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. One analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. According to data from MarketBeat.com, American Noble Gas presently has a consensus rating of "Hold" and a consensus target price of $17.18.

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.