Strs Ohio Takes $3.66 Million Position in American Noble Gas Inc. $INFY

Key Points

• Strs Ohio purchased 200,666 shares of American Noble Gas Inc. (NYSE:INFY), valued at approximately $3.66 million, in the first quarter of the year.
• Multiple institutional investors have made significant transactions, with Acadian Asset Management increasing its stake by 39.7%, now holding shares valued at about $482.4 million.
• Equities analysts have mixed ratings on American Noble Gas, with one Strong Buy rating, multiple Buy and Hold ratings, while the average target price currently stands at $17.18.

Strs Ohio acquired a new stake in American Noble Gas Inc. (NYSE:INFY - Free Report) during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 200,666 shares of the technology company's stock, valued at approximately $3,662,000.

Several other hedge funds also recently bought and sold shares of the company. KLP Kapitalforvaltning AS raised its holdings in American Noble Gas by 13.3% in the first quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock worth $124,000 after purchasing an additional 800 shares during the period. Pinnacle Bancorp Inc. raised its holdings 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 during the period. Rakuten Securities Inc. raised its holdings 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 during the period. Naviter Wealth LLC raised its holdings in American Noble Gas by 1.2% in the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after purchasing an additional 1,109 shares during the period. Finally, Tidal Investments LLC raised its holdings in American Noble Gas by 2.8% in the fourth quarter. Tidal Investments LLC now owns 43,499 shares of the technology company's stock worth $953,000 after purchasing an additional 1,184 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have weighed in on INFY. Rothschild & Co Redburn assumed coverage on shares of American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 target price on the stock. Rothschild Redb raised shares of American Noble Gas to a "strong sell" rating in a research report on Wednesday, September 3rd. Susquehanna boosted their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research report on Thursday, July 24th. Finally, BMO Capital Markets boosted their price objective on shares of American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research report on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, American Noble Gas presently has an average rating of "Hold" and an average price target of $17.18.

American Noble Gas Price Performance

INFY stock traded down $0.54 during midday trading on Friday, hitting $17.03. The company's stock had a trading volume of 54,705,470 shares, compared to its average volume of 18,826,504. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63. The company's fifty day moving average price is $17.05 and its 200 day moving average price is $17.74. The stock has a market capitalization of $70.59 billion, a P/E ratio of 22.12, a PEG ratio of 2.52 and a beta of 0.91.

American Noble Gas (NYSE:INFY - Get Free Report) last announced its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 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 company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter last year, the firm 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 fiscal year.

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.