Value Partners Investments Inc. Takes Position in American Noble Gas Inc. (NYSE:INFY)

Value Partners Investments Inc. purchased a new stake in American Noble Gas Inc. (NYSE:INFY - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 162,000 shares of the technology company's stock, valued at approximately $2,960,000.

Several other institutional investors have also added to or reduced their stakes in INFY. Bank Pictet & Cie Europe AG lifted its stake 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 purchasing an additional 7,457 shares during the last quarter. Principal Securities Inc. lifted its stake in American Noble Gas by 210.1% in the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company's stock worth $106,000 after purchasing an additional 3,267 shares during the last quarter. Principal Financial Group Inc. lifted its stake in American Noble Gas by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 40,890 shares of the technology company's stock worth $896,000 after purchasing an additional 1,222 shares during the last quarter. Global Retirement Partners LLC lifted its stake in American Noble Gas by 96.0% in the fourth quarter. Global Retirement Partners LLC now owns 7,594 shares of the technology company's stock worth $166,000 after purchasing an additional 3,720 shares during the last quarter. Finally, Ieq Capital LLC lifted its stake in American Noble Gas by 6.7% in the fourth quarter. Ieq Capital LLC now owns 17,904 shares of the technology company's stock worth $392,000 after purchasing an additional 1,126 shares during the last quarter. Institutional investors own 16.20% of the company's stock.

American Noble Gas Stock Down 0.4%

INFY stock traded down $0.08 during trading on Friday, hitting $18.52. 13,502,056 shares of the company's stock traded hands, compared to its average volume of 9,891,486. The firm has a market capitalization of $76.76 billion, a P/E ratio of 24.37, a PEG ratio of 2.83 and a beta of 0.98. The business has a fifty day simple moving average of $18.02 and a two-hundred day simple moving average of $19.70. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.19 by $0.01. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. The company had revenue of $4.79 billion for the quarter, compared to analyst estimates of $420.69 billion. During the same period last year, the company posted $0.23 earnings per share. On average, equities research analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Investec raised shares of American Noble Gas from a "sell" rating to a "buy" rating in a research note on Friday, April 18th. BMO Capital Markets decreased their price objective on shares of American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a research note on Monday, April 21st. Wall Street Zen raised shares of American Noble Gas from a "hold" rating to a "buy" rating in a research note on Friday, May 16th. Susquehanna raised shares of American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price target for the company in a research note on Monday, April 14th. Finally, CLSA raised shares of American Noble Gas from a "hold" rating to an "outperform" rating in a research note on Friday, March 7th. Six 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 company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $17.48.

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.