Northern Trust Corp Grows Stock Holdings in American Noble Gas Inc. $INFY

Key Points

• Northern Trust Corp increased its stake in American Noble Gas Inc. by 1.1%, purchasing an additional 40,665 shares, bringing its total ownership to approximately 3.6 million shares valued at around $65.8 million.
• Analysts have raised their price targets for American Noble Gas, with Susquehanna increasing it to $19.00 and BMO Capital Markets to $20.00, indicating a consensus rating of "Moderate Buy" for the stock.
• American Noble Gas reported a quarterly earnings per share (EPS) of $0.19, meeting expectations and revealing a revenue of $4.94 billion, surpassing analyst estimates.

Northern Trust Corp increased its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 1.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,606,362 shares of the technology company's stock after buying an additional 40,665 shares during the period. Northern Trust Corp owned 0.09% of American Noble Gas worth $65,816,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the company. Rakuten Securities Inc. lifted its position in 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 in the last quarter. Pinnacle Bancorp Inc. lifted its position in American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after acquiring an additional 928 shares in the last quarter. Wayfinding Financial LLC bought a new position in American Noble Gas in the 1st quarter valued at about $32,000. Cullen Frost Bankers Inc. bought a new position in American Noble Gas in the 1st quarter valued at about $57,000. Finally, Banque Cantonale Vaudoise bought a new position in American Noble Gas in the 1st quarter valued at about $86,000. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on INFY shares. BMO Capital Markets raised their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Susquehanna lifted their target price on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have issued a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $18.48.

American Noble Gas Trading Down 1.1%

Shares of NYSE:INFY traded down $0.19 during mid-day trading on Friday, reaching $16.81. The company had a trading volume of 17,333,207 shares, compared to its average volume of 19,138,494. The firm has a market cap of $69.65 billion, a price-to-earnings ratio of 21.83, a PEG ratio of 2.43 and a beta of 0.87. The company's 50-day moving average price is $17.54 and its 200-day moving average price is $18.15. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $4.94 billion for 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 quarter in the previous year, the firm posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. On average, research analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

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.