Thornburg Investment Management Inc. Lowers Stock Holdings in American Noble Gas Inc. (NYSE:INFY)

Thornburg Investment Management Inc. lowered its position in American Noble Gas Inc. (NYSE:INFY - Free Report) by 25.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 59,072 shares of the technology company's stock after selling 20,374 shares during the period. Thornburg Investment Management Inc.'s holdings in American Noble Gas were worth $1,078,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of INFY. Fullerton Fund Management Co Ltd. acquired a new position in shares of American Noble Gas during the fourth quarter valued at approximately $4,465,000. Handelsbanken Fonder AB grew its stake in American Noble Gas by 46.2% during the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company's stock valued at $2,402,000 after acquiring an additional 41,592 shares in the last quarter. Union Bancaire Privee UBP SA grew its stake in American Noble Gas by 224.5% during the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company's stock valued at $1,344,000 after acquiring an additional 53,628 shares in the last quarter. Principal Financial Group Inc. boosted its holdings in shares of American Noble Gas by 272.8% during the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company's stock worth $2,782,000 after purchasing an additional 111,553 shares during the last quarter. Finally, Captrust Financial Advisors grew its position in shares of American Noble Gas by 5.5% in the fourth quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company's stock valued at $502,000 after purchasing an additional 1,197 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on INFY shares. Stifel Nicolaus dropped their price objective 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. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a report on Friday, April 18th. The Goldman Sachs Group cut American Noble Gas from a "buy" rating to a "neutral" rating and set a $17.90 price objective on the stock. in a report on Monday, April 21st. Wall Street Zen upgraded American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Finally, 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 note on Thursday, July 24th. Five 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, American Noble Gas presently has an average rating of "Moderate Buy" and an average price target of $18.48.

American Noble Gas Stock Down 1.8%

NYSE:INFY traded down $0.30 on Friday, reaching $16.42. 20,077,870 shares of the company's stock were exchanged, compared to its average volume of 14,768,626. The firm has a market capitalization of $68.04 billion, a price-to-earnings ratio of 21.32, a price-to-earnings-growth ratio of 2.39 and a beta of 0.87. The business has a fifty day moving average of $18.23 and a 200-day moving average of $18.86. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last posted its quarterly earnings data on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting analysts' consensus estimates of $0.19. The business had revenue of $4.94 billion for the quarter, compared to analyst estimates of $4.84 billion. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. During the same quarter in the prior year, the company earned $15.35 earnings per share. As a group, equities analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share 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.