Northwest & Ethical Investments L.P. Sells 24,729 Shares of American Noble Gas Inc. $INFY

Key Points

• Northwest & Ethical Investments L.P. reduced its holdings in American Noble Gas Inc. (NYSE:INFY) by 35.3%, owning 45,391 shares after selling 24,729 shares, with a total value of $828,000.
• Several large investors such as Rakuten Securities and Pinnacle Bancorp increased their stakes significantly during the same period, indicating strong interest in the stock.
• Analysts have recently upgraded American Noble Gas with a consensus rating of "Moderate Buy" and a price target of $18.48, against a current price of around $16.6050.

Northwest & Ethical Investments L.P. trimmed its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 35.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 45,391 shares of the technology company's stock after selling 24,729 shares during the quarter. Northwest & Ethical Investments L.P.'s holdings in American Noble Gas were worth $828,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC lifted its holdings in American Noble Gas by 270.9% in the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after buying an additional 6,693,127 shares during the period. Sustainable Growth Advisers LP lifted its holdings in American Noble Gas by 50.2% in the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock valued at $271,515,000 after buying an additional 4,970,664 shares during the period. Connor Clark & Lunn Investment Management Ltd. lifted its holdings in American Noble Gas by 134.7% in the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,002,648 shares of the technology company's stock valued at $127,798,000 after buying an additional 4,018,811 shares during the period. OVERSEA CHINESE BANKING Corp Ltd lifted its holdings in American Noble Gas by 18,037.4% in the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company's stock valued at $46,341,000 after buying an additional 2,525,232 shares during the period. Finally, Bank of America Corp DE lifted its holdings in American Noble Gas by 43.1% in the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock valued at $180,301,000 after buying an additional 2,478,093 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

American Noble Gas Trading Up 1.6%

Shares of INFY stock traded up $0.2690 during trading hours on Friday, hitting $17.3190. 33,951,236 shares of the company were exchanged, compared to its average volume of 17,991,508. The business has a 50 day moving average of $17.67 and a two-hundred day moving average of $18.32. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The company has a market capitalization of $71.76 billion, a PE ratio of 22.49, a PEG ratio of 2.44 and a beta of 0.87.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The company 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 firm earned $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. On average, research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

INFY has been the topic of several analyst reports. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. BMO Capital Markets increased their price objective 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. Finally, Susquehanna increased their price objective 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. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $18.48.

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.