State of New Jersey Common Pension Fund D Sells 105,853 Shares of American Noble Gas Inc. $INFY

Key Points

• The State of New Jersey Common Pension Fund D has decreased its stake in American Noble Gas Inc. (NYSE:INFY) by 3.3%, now owning 3,094,377 shares valued at approximately $56.47 million.
• Several institutional investors have increased their holdings, with Neuberger Berman Group LLC notably raising its stake by 376.9%.
• American Noble Gas's recent quarterly earnings report showed an EPS of $0.19, matching analyst estimates, with revenue surpassing expectations at $4.94 billion.

State of New Jersey Common Pension Fund D cut its holdings in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 3.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,094,377 shares of the technology company's stock after selling 105,853 shares during the period. State of New Jersey Common Pension Fund D owned approximately 0.07% of American Noble Gas worth $56,472,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in INFY. Aberdeen Group plc raised its position in American Noble Gas by 16.5% in the 1st quarter. Aberdeen Group plc now owns 397,150 shares of the technology company's stock valued at $7,155,000 after buying an additional 56,386 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of American Noble Gas by 4.0% in the first quarter. Dimensional Fund Advisors LP now owns 6,865,525 shares of the technology company's stock valued at $125,262,000 after purchasing an additional 264,189 shares during the last quarter. OneAscent Investment Solutions LLC bought a new stake in shares of American Noble Gas in the first quarter worth $711,000. Vestmark Advisory Solutions Inc. lifted its position in shares of American Noble Gas by 96.7% in 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 in the last quarter. Finally, Neuberger Berman Group LLC boosted its holdings 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 last quarter. 16.20% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have commented on INFY. BMO Capital Markets boosted their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, Susquehanna increased their price target on American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $18.48.

American Noble Gas Price Performance

NYSE:INFY traded up $0.5050 during mid-day trading on Wednesday, reaching $17.1050. The stock had a trading volume of 13,089,850 shares, compared to its average volume of 12,468,276. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63. The stock has a market capitalization of $70.88 billion, a PE ratio of 22.21, a P/E/G ratio of 2.35 and a beta of 0.87. The stock has a 50-day simple moving average of $17.76 and a two-hundred day simple moving average of $18.40.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share 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 company had revenue of $4.94 billion for the quarter, compared to the consensus estimate 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. Equities analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current 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.