OneAscent Investment Solutions LLC Invests $711,000 in American Noble Gas Inc. $INFY

Key Points

• OneAscent Investment Solutions LLC has made a new investment of approximately $711,000 in American Noble Gas Inc., acquiring 38,985 shares, which now represents 0.8% of their investment portfolio.
• Hedge funds, including Rakuten Securities Inc. and Pinnacle Bancorp Inc., have significantly increased their stakes in American Noble Gas, highlighting growing institutional interest.
• Analyst ratings for American Noble Gas are mixed, with five analysts rating the stock as a buy and others setting varying target prices ranging from $17.00 to $20.00.

OneAscent Investment Solutions LLC purchased a new position in American Noble Gas Inc. (NYSE:INFY - Free Report) during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 38,985 shares of the technology company's stock, valued at approximately $711,000. American Noble Gas comprises 0.8% of OneAscent Investment Solutions LLC's portfolio, making the stock its 24th biggest holding.

Other hedge funds have also modified their holdings of the company. Vestmark Advisory Solutions Inc. lifted its stake in American Noble Gas by 96.7% during the first quarter. Vestmark Advisory Solutions Inc. now owns 29,242 shares of the technology company's stock worth $534,000 after purchasing an additional 14,372 shares during the period. Neuberger Berman Group LLC lifted its stake in American Noble Gas by 376.9% during the first quarter. Neuberger Berman Group LLC now owns 169,670 shares of the technology company's stock worth $3,096,000 after purchasing an additional 134,093 shares during the period. Triglav Skladi D.O.O. bought a new position in American Noble Gas during the first quarter worth about $1,608,000. LGT Group Foundation acquired a new stake in shares of American Noble Gas during the first quarter worth approximately $386,000. Finally, Prudential PLC increased its holdings in shares of American Noble Gas by 6.4% during the first quarter. Prudential PLC now owns 1,010,097 shares of the technology company's stock worth $18,434,000 after buying an additional 61,100 shares in the last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

American Noble Gas Stock Down 0.9%

NYSE:INFY traded down $0.15 during trading hours on Monday, reaching $16.41. The company had a trading volume of 10,795,847 shares, compared to its average volume of 12,423,565. The firm has a market cap of $68.00 billion, a price-to-earnings ratio of 21.31, a P/E/G ratio of 2.37 and a beta of 0.87. The business's 50-day simple moving average is $17.83 and its two-hundred day simple moving average is $18.45. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63.

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, meeting 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 firm 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 earned $15.35 earnings per share. As a group, equities analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several analysts have recently weighed in on INFY shares. Stifel Nicolaus dropped their price objective on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. The Goldman Sachs Group lowered shares of American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price target for the company. in a report on Monday, April 21st. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. 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 report on Thursday, July 24th. Finally, Susquehanna raised their price target 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. Five analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $18.48.

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.