American Noble Gas Inc. $INFY Shares Purchased by Neuberger Berman Group LLC

Key Points

• Neuberger Berman Group LLC significantly increased its stake in American Noble Gas Inc. by 376.9% during the first quarter, acquiring an additional 134,093 shares worth $3,096,000.
• Several institutional investors also boosted their holdings in American Noble Gas, indicating strong interest in the company, with a noted investment increase by Rakuten Securities Inc. of 308.4%.
• American Noble Gas has recently received multiple upgrades from analysts, with the consensus rating described as a "Moderate Buy" and a target price of $18.48.

Neuberger Berman Group LLC grew its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 376.9% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 169,670 shares of the technology company's stock after buying an additional 134,093 shares during the period. Neuberger Berman Group LLC's holdings in American Noble Gas were worth $3,096,000 at the end of the most recent reporting period.

A number of other institutional investors also recently made changes to their positions in INFY. Fullerton Fund Management Co Ltd. acquired a new stake in shares of American Noble Gas during the fourth quarter valued at $4,465,000. Handelsbanken Fonder AB lifted its holdings in American Noble Gas by 46.2% in the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after purchasing an additional 41,592 shares in the last quarter. Union Bancaire Privee UBP SA boosted its stake in shares of American Noble Gas by 224.5% during the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock worth $1,344,000 after purchasing an additional 53,628 shares during the last quarter. Principal Financial Group Inc. grew its holdings in shares of American Noble Gas by 272.8% during the first quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock worth $2,782,000 after buying an additional 111,553 shares in the last quarter. Finally, Captrust Financial Advisors grew its holdings in shares of American Noble Gas by 5.5% during the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock worth $502,000 after buying an additional 1,197 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets increased their price target 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. Finally, Susquehanna raised their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Trading Up 2.8%

Shares of INFY traded up $0.4650 during mid-day trading on Wednesday, reaching $17.0650. The company had a trading volume of 8,430,642 shares, compared to its average volume of 12,435,350. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The firm has a fifty day simple moving average of $17.76 and a 200-day simple moving average of $18.40. The stock has a market cap of $70.71 billion, a price-to-earnings ratio of 22.16, a price-to-earnings-growth ratio of 2.35 and a beta of 0.87.

American Noble Gas (NYSE:INFY - Get Free Report) last released its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates 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 the consensus estimate of $4.84 billion. During the same period in the prior year, the firm posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

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.