National Bank of Canada FI Trims Position in American Noble Gas Inc. $INFY

Key Points

• National Bank of Canada FI reduced its stake in American Noble Gas Inc. by 58.1%, selling 36,527 shares during the first quarter, leaving them with 26,324 shares valued at $481,000.
• Multiple institutional investors are adjusting their positions in American Noble Gas, with Rakuten Securities Inc. increasing its holdings by 308.4% and several others also purchasing new stakes.
• American Noble Gas reported earnings of $0.19 per share, meeting analysts' expectations, while the company had a revenue of $4.94 billion in the most recent quarter.

National Bank of Canada FI decreased its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 58.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 26,324 shares of the technology company's stock after selling 36,527 shares during the period. National Bank of Canada FI's holdings in American Noble Gas were worth $481,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Rakuten Securities Inc. lifted its position in American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. lifted its position in American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after purchasing an additional 928 shares during the period. Wayfinding Financial LLC bought a new position in American Noble Gas during the first quarter valued at approximately $32,000. Cullen Frost Bankers Inc. bought a new position in American Noble Gas during the first quarter valued at approximately $57,000. Finally, Banque Cantonale Vaudoise bought a new position in American Noble Gas during the first quarter valued at approximately $86,000. Institutional investors own 16.20% of the company's stock.

American Noble Gas Trading Up 2.7%

NYSE INFY traded up $0.4550 on Wednesday, hitting $17.0550. 13,913,326 shares of the company traded hands, compared to its average volume of 12,474,226. The company has a market capitalization of $70.67 billion, a price-to-earnings ratio of 22.15, a P/E/G ratio of 2.35 and a beta of 0.87. The business's 50 day moving average price is $17.76 and its 200-day moving average price is $18.40. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63.

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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.19. The firm had revenue of $4.94 billion during the quarter, compared to analysts' expectations 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 prior year, the company posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have commented on INFY shares. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Susquehanna upped their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets upped 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 report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have issued a Hold rating to the company's stock. According to MarketBeat, American Noble Gas currently has a consensus rating of "Moderate Buy" and an average target price of $18.48.

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.