American Noble Gas Inc. $INFY Shares Sold by Vanguard Group Inc.

Key Points

• Vanguard Group Inc. has reduced its stake in American Noble Gas Inc. by 6.4%, now holding approximately 4.58 million shares valued at $83.64 million.
• Several hedge funds, like Rakuten Securities Inc., increased their stakes significantly, with Rakuten raising its ownership by 308.4% in the last quarter.
• American Noble Gas reported earnings of $0.19 per share, meeting analysts' expectations, and noted a revenue of $4.94 billion for the quarter.

Vanguard Group Inc. lowered its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 6.4% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,582,915 shares of the technology company's stock after selling 310,969 shares during the quarter. Vanguard Group Inc. owned about 0.11% of American Noble Gas worth $83,638,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Robeco Institutional Asset Management B.V. raised its stake in American Noble Gas by 6.6% during the first quarter. Robeco Institutional Asset Management B.V. now owns 27,541,684 shares of the technology company's stock valued at $502,636,000 after buying an additional 1,700,662 shares in the last quarter. Sustainable Growth Advisers LP lifted its position in shares of American Noble Gas by 50.2% in the 1st quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company's stock worth $271,515,000 after buying an additional 4,970,664 shares during the last quarter. AQR Capital Management LLC lifted its position in shares of American Noble Gas by 270.9% in the 4th quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company's stock worth $200,877,000 after buying an additional 6,693,127 shares during the last quarter. Bank of America Corp DE lifted its position in shares of American Noble Gas by 43.1% in the 4th 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 last quarter. Finally, BNP Paribas Financial Markets lifted its position in shares of American Noble Gas by 16.6% in the 4th quarter. BNP Paribas Financial Markets now owns 7,081,860 shares of the technology company's stock worth $155,234,000 after buying an additional 1,009,323 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company's stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on INFY. Wall Street Zen upgraded shares of American Noble Gas from a "hold" rating to a "buy" rating in a research report on Friday, May 16th. Susquehanna raised their price target on shares of American Noble Gas from $18.00 to $19.00 and gave the stock a "neutral" rating in a research report on Thursday, July 24th. Finally, BMO Capital Markets raised their price target on shares of American Noble Gas from $18.00 to $20.00 and gave the stock a "market perform" rating in a research report on Thursday, July 24th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and five have given a Hold rating to the company. According to MarketBeat.com, American Noble Gas currently has an average rating of "Moderate Buy" and a consensus price target of $18.48.

American Noble Gas Trading Down 2.4%

NYSE:INFY traded down $0.42 during mid-day trading on Thursday, hitting $16.95. The stock had a trading volume of 7,222,231 shares, compared to its average volume of 12,700,888. The stock has a market capitalization of $70.21 billion, a price-to-earnings ratio of 22.01, a P/E/G ratio of 2.46 and a beta of 0.87. The company has a 50 day simple moving average of $17.59 and a 200-day simple moving average of $18.22. 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 released its earnings results on Wednesday, July 23rd. The technology company reported $0.19 EPS for the quarter, meeting the consensus estimate of $0.19. The firm had revenue of $4.94 billion for the quarter, compared to analysts' expectations of $4.84 billion. American Noble Gas had a net margin of 16.42% and a return on equity of 29.41%. During the same quarter last year, the company earned $15.35 EPS. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities research 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.