American Noble Gas Inc. $INFY Shares Sold by Northwest & Ethical Investments L.P.

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

A number of other hedge funds have also recently added to or reduced their stakes in INFY. Bank Pictet & Cie Europe AG increased its holdings in American Noble Gas by 71.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock valued at $391,000 after buying an additional 7,457 shares in the last quarter. Raymond James Financial Inc. purchased a new position in American Noble Gas in the fourth quarter valued at about $1,286,000. Mariner LLC increased its holdings in American Noble Gas by 5.8% in the fourth quarter. Mariner LLC now owns 83,374 shares of the technology company's stock valued at $1,828,000 after buying an additional 4,574 shares in the last quarter. NewEdge Advisors LLC increased its holdings in American Noble Gas by 1,288.1% in the fourth quarter. NewEdge Advisors LLC now owns 30,552 shares of the technology company's stock valued at $670,000 after buying an additional 28,351 shares in the last quarter. Finally, Marshall Wace LLP increased its holdings in American Noble Gas by 32.5% in the fourth quarter. Marshall Wace LLP now owns 242,180 shares of the technology company's stock valued at $5,309,000 after buying an additional 59,411 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. BMO Capital Markets increased 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. Susquehanna increased 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, Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have given a Hold rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $18.48.

American Noble Gas Stock Performance

Shares of INFY remained flat at $17.34 during mid-day trading on Monday. 17,187,326 shares of the stock were exchanged, compared to its average volume of 18,734,772. The stock's 50-day simple moving average is $17.64 and its 200-day simple moving average is $18.23. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The company has a market cap of $71.85 billion, a P/E ratio of 22.52, a price-to-earnings-growth ratio of 2.48 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 for the quarter, hitting analysts' consensus estimates of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The business had revenue of $4.94 billion during the quarter, compared to analysts' expectations of $4.84 billion. During the same period last year, the company posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. On average, equities research analysts predict 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.