Qtron Investments LLC Sells 20,685 Shares of American Noble Gas Inc. $INFY

Key Points

• Qtron Investments LLC reduced its holdings in American Noble Gas Inc. by **32.3%**, following the sale of **20,685 shares**, leaving them with **43,314 shares** valued at **$790,000** at the end of Q1.
• Several institutional investors have increased their positions in American Noble Gas, with Rakuten Securities Inc. raising its stake by **308.4%** during the same period.
• Analysts have varied opinions on the stock, with ratings ranging from **"hold"** to **"strong buy,"** and a consensus target price of **$18.48**.

Qtron Investments LLC decreased its stake in American Noble Gas Inc. (NYSE:INFY - Free Report) by 32.3% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,314 shares of the technology company's stock after selling 20,685 shares during the quarter. Qtron Investments LLC's holdings in American Noble Gas were worth $790,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of INFY. Rakuten Securities Inc. boosted its stake in American Noble Gas by 308.4% in the first 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. boosted its stake in American Noble Gas by 179.8% in 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 in the last quarter. Wayfinding Financial LLC acquired a new position in American Noble Gas in the first quarter worth $32,000. Cullen Frost Bankers Inc. acquired a new position in American Noble Gas in the first quarter worth $57,000. Finally, Banque Cantonale Vaudoise acquired a new position in American Noble Gas in the first quarter worth $86,000. Institutional investors and hedge funds own 16.20% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. BMO Capital Markets boosted their price objective on American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research note on Thursday, July 24th. Finally, Susquehanna boosted their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research note on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and five have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $18.48.

American Noble Gas Trading Up 1.6%

Shares of INFY traded up $0.2690 during trading hours on Friday, hitting $17.3190. 33,951,236 shares of the stock traded hands, compared to its average volume of 18,734,772. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The firm has a market capitalization of $71.76 billion, a PE ratio of 22.49, a price-to-earnings-growth ratio of 2.48 and a beta of 0.87. The business has a fifty day moving average of $17.67 and a 200-day moving average of $18.26.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. During the same quarter in the prior year, the firm posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities research analysts expect that American Noble Gas Inc. will post 0.74 earnings per share 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.