Perpetual Ltd Buys 494,814 Shares of American Noble Gas Inc. (NYSE:INFY)

Perpetual Ltd grew its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 72.6% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,176,543 shares of the technology company's stock after purchasing an additional 494,814 shares during the period. Perpetual Ltd's holdings in American Noble Gas were worth $21,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Rakuten Securities Inc. increased its holdings 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 worth $26,000 after purchasing an additional 1,067 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of American Noble Gas by 69.7% in the fourth quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company's stock valued at $68,000 after buying an additional 1,279 shares during the period. GAMMA Investing LLC raised its holdings in American Noble Gas by 32.4% in the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company's stock valued at $109,000 after buying an additional 1,455 shares during the last quarter. Finally, Fairtree Asset Management Pty Ltd acquired a new stake in American Noble Gas during the 4th quarter worth approximately $130,000. 16.20% of the stock is owned by institutional investors.

American Noble Gas Trading Down 0.4%

INFY stock traded down $0.08 during midday trading on Friday, hitting $18.52. The stock had a trading volume of 13,502,056 shares, compared to its average volume of 9,887,733. The firm has a market cap of $76.76 billion, a P/E ratio of 24.37, a price-to-earnings-growth ratio of 2.81 and a beta of 0.98. The business has a fifty day moving average price of $18.02 and a two-hundred day moving average price of $19.70. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.19 by $0.01. American Noble Gas had a return on equity of 29.75% and a net margin of 16.38%. The company had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. During the same period in the previous year, the business earned $0.23 EPS. On average, equities analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts have issued reports on INFY shares. CLSA upgraded shares of American Noble Gas from a "hold" rating to an "outperform" rating in a research report on Friday, March 7th. Susquehanna raised shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price objective on the stock in a research note on Monday, April 14th. Stifel Nicolaus lowered their target price on American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a research report on Monday, April 21st. Investec raised American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. Finally, Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Six research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $17.48.

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.