The Manufacturers Life Insurance Company Purchases 57,276 Shares of American Noble Gas Inc. $INFY

Key Points

• The Manufacturers Life Insurance Company increased its stake in American Noble Gas Inc. (NYSE: INFY) by 6.3% during Q1, bringing its total holdings to 959,535 shares valued at approximately $17.5 million.
• Multiple institutional investors have also made significant adjustments to their investments in American Noble Gas, with Causeway Capital Management LLC boosting its holdings by 382.5% during the same period.
• Research firms have shown optimism, with Susquehanna raising its price target for INFY from $18.00 to $19.00 and BMO Capital Markets upping it to $20.00, indicating a mixed but positive sentiment towards the stock.

The Manufacturers Life Insurance Company boosted its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 959,535 shares of the technology company's stock after acquiring an additional 57,276 shares during the period. The Manufacturers Life Insurance Company's holdings in American Noble Gas were worth $17,512,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also added to or reduced their stakes in INFY. Bank Pictet & Cie Europe AG boosted its holdings in American Noble Gas by 71.8% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company's stock worth $391,000 after acquiring an additional 7,457 shares in the last quarter. Stifel Financial Corp boosted its holdings in American Noble Gas by 31.0% in the fourth quarter. Stifel Financial Corp now owns 81,135 shares of the technology company's stock worth $1,779,000 after acquiring an additional 19,219 shares in the last quarter. Northern Trust Corp boosted its holdings in American Noble Gas by 92.2% in the fourth quarter. Northern Trust Corp now owns 3,565,697 shares of the technology company's stock worth $78,160,000 after acquiring an additional 1,710,906 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its holdings in American Noble Gas by 48.2% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 33,415 shares of the technology company's stock worth $732,000 after acquiring an additional 10,863 shares in the last quarter. Finally, Bank of America Corp DE boosted its holdings in 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 acquiring an additional 2,478,093 shares in the last quarter. Institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Performance

INFY traded up $0.26 during midday trading on Monday, reaching $16.64. 7,640,043 shares of the company were exchanged, compared to its average volume of 12,932,942. The company's fifty day moving average price is $17.37 and its 200 day moving average price is $17.93. The company has a market cap of $68.98 billion, a price-to-earnings ratio of 21.55, a price-to-earnings-growth ratio of 2.34 and a beta of 0.91. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, hitting the consensus estimate of $0.19. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. The firm had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. During the same quarter last year, the firm earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have issued reports on INFY shares. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a report on Wednesday, September 3rd. Rothschild & Co Redburn started coverage on American Noble Gas in a report on Wednesday, September 3rd. They issued a "sell" rating and a $12.00 price target on the stock. Susquehanna boosted their price objective on American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a report on Thursday, July 24th. 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 report on Thursday, July 24th. Finally, Wall Street Zen raised American Noble Gas from a "hold" rating to a "buy" rating in a report on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating, five have assigned a Hold rating and two have assigned a Sell rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average price target of $17.18.

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.