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

A number of other institutional investors have also recently made changes to their positions in the stock. Acadian Asset Management LLC grew its position in shares of American Noble Gas by 39.7% in the 1st quarter. Acadian Asset Management LLC now owns 26,437,188 shares of the technology company's stock valued at $482,427,000 after buying an additional 7,514,613 shares during the last quarter. Geneos Wealth Management Inc. grew its position in shares of American Noble Gas by 28.4% in the 1st quarter. Geneos Wealth Management Inc. now owns 61,536 shares of the technology company's stock valued at $1,123,000 after buying an additional 13,617 shares during the last quarter. Bayforest Capital Ltd grew its position in shares of American Noble Gas by 290.1% in the 1st quarter. Bayforest Capital Ltd now owns 55,746 shares of the technology company's stock valued at $1,017,000 after buying an additional 41,454 shares during the last quarter. Ascent Group LLC bought a new stake in shares of American Noble Gas in the 1st quarter valued at about $251,000. Finally, Dynamic Technology Lab Private Ltd bought a new stake in shares of American Noble Gas in the 1st quarter valued at about $239,000. Institutional investors own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have commented on the company. Susquehanna upped 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. Rothschild Redb raised American Noble Gas to a "strong sell" rating in a research note on Wednesday, September 3rd. Rothschild & Co Redburn began coverage on American Noble Gas in a research note on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price objective on the stock. Finally, BMO Capital Markets boosted their price objective on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. One investment analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $17.18.

American Noble Gas Stock Performance

INFY stock opened at $16.99 on Monday. The stock's 50 day simple moving average is $17.18 and its 200 day simple moving average is $17.80. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The company has a market cap of $70.41 billion, a P/E ratio of 22.06, a price-to-earnings-growth ratio of 2.43 and a beta of 0.91.

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, hitting analysts' consensus estimates 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 the consensus estimate of $4.84 billion. During the same period in the prior year, the business earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. Equities analysts predict that American Noble Gas Inc. will post 0.74 earnings per share for the current 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.

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