Price T Rowe Associates Inc. MD Sells 960,204 Shares of American Noble Gas Inc. $INFY

Key Points

• Price T Rowe Associates Inc. has reduced its holdings in American Noble Gas Inc. by 25.1%, selling 960,204 shares during the first quarter, leaving it with approximately 2.86 million shares valued at $52.24 million.
• Several hedge funds have increased their stakes in American Noble Gas, with notable boosts of 308.4% and 179.8% from Rakuten Securities and Pinnacle Bancorp respectively during the same quarter.
• Wall Street analysts have upgraded their ratings for American Noble Gas, with a revised price target of $20.00 from BMO Capital Markets and a consensus rating of "Moderate Buy" currently in place.

Price T Rowe Associates Inc. MD decreased its stake in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 25.1% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 2,862,395 shares of the technology company's stock after selling 960,204 shares during the period. Price T Rowe Associates Inc. MD owned 0.07% of American Noble Gas worth $52,239,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in INFY. Bank Pictet & Cie Europe AG lifted its holdings in American Noble Gas by 71.8% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after purchasing an additional 7,457 shares in the last quarter. Raymond James Financial Inc. purchased a new stake in American Noble Gas during the 4th quarter worth about $1,286,000. Stifel Financial Corp lifted its holdings in American Noble Gas by 31.0% during the 4th quarter. Stifel Financial Corp now owns 81,135 shares of the technology company's stock worth $1,779,000 after purchasing an additional 19,219 shares in the last quarter. Integrated Wealth Concepts LLC lifted its holdings in American Noble Gas by 27.6% during the 4th quarter. Integrated Wealth Concepts LLC now owns 14,738 shares of the technology company's stock worth $323,000 after purchasing an additional 3,188 shares in the last quarter. Finally, Kovitz Investment Group Partners LLC lifted its holdings in American Noble Gas by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock worth $229,000 after purchasing an additional 579 shares in the last quarter. Hedge funds and other institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on INFY shares. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Susquehanna raised their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a report on Thursday, July 24th. Finally, BMO Capital Markets raised their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" 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 issued a Hold rating to the stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $18.48.

American Noble Gas Stock Down 1.1%

Shares of NYSE INFY traded down $0.19 during trading hours on Friday, reaching $16.81. 17,333,207 shares of the stock traded hands, compared to its average volume of 19,138,494. The company has a market capitalization of $69.65 billion, a P/E ratio of 21.83, a price-to-earnings-growth ratio of 2.43 and a beta of 0.87. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The company's 50-day simple moving average is $17.54 and its two-hundred day simple moving average is $18.15.

American Noble Gas (NYSE:INFY - Get Free Report) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.During the same quarter in the previous year, the company posted $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

American Noble Gas 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.