Sustainable Growth Advisers LP Acquires 4,970,664 Shares of American Noble Gas Inc. (NYSE:INFY)

Sustainable Growth Advisers LP lifted its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 50.2% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 14,877,543 shares of the technology company's stock after purchasing an additional 4,970,664 shares during the quarter. American Noble Gas accounts for about 1.5% of Sustainable Growth Advisers LP's holdings, making the stock its 27th largest holding. Sustainable Growth Advisers LP owned approximately 0.36% of American Noble Gas worth $271,515,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of the company. First Trust Advisors LP grew its stake in shares of American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company's stock valued at $710,430,000 after buying an additional 4,108,903 shares during the last quarter. Robeco Institutional Asset Management B.V. grew its position in American Noble Gas by 6.6% during the 1st quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock worth $502,636,000 after acquiring an additional 1,700,662 shares during the last quarter. Franklin Resources Inc. lifted its position in American Noble Gas by 2.0% in the fourth quarter. Franklin Resources Inc. now owns 11,501,533 shares of the technology company's stock valued at $252,114,000 after purchasing an additional 229,482 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock valued at $200,877,000 after purchasing an additional 6,693,127 shares during the period. Finally, Bank of America Corp DE increased its stake in shares of American Noble Gas by 43.1% in the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company's stock worth $180,301,000 after buying an additional 2,478,093 shares during the period. 16.20% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on INFY shares. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Stifel Nicolaus dropped their target price on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating for the company in a report on Monday, April 21st. Susquehanna boosted 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. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. Finally, BMO Capital Markets boosted their target price on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Stock Down 4.1%

Shares of INFY stock traded down $0.75 during mid-day trading on Thursday, reaching $17.70. 14,675,725 shares of the company's stock traded hands, compared to its average volume of 13,420,121. The company's 50-day moving average price is $18.39 and its 200-day moving average price is $19.14. The company has a market cap of $73.35 billion, a P/E ratio of 22.99, a P/E/G ratio of 2.77 and a beta of 0.97. American Noble Gas Inc. has a 12 month low of $15.82 and a 12 month high of $23.63.

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 the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.61% and a net margin of 16.42%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the business posted $15.35 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.