Vident Advisory LLC Purchases 25,338 Shares of American Noble Gas Inc. $INFY

Key Points

• Vident Advisory LLC increased its stake in American Noble Gas Inc. by 15.8%, acquiring an additional 25,338 shares and bringing its total ownership to 185,656 shares worth approximately $3.39 million.
• The stock of American Noble Gas has a market cap of $69.65 billion, with a recent trading price of $16.81 and a fifty-two week high of $23.63.
• Brokerages have recently revised their price targets for American Noble Gas, with BMO Capital Markets setting a new target of $20.00 and maintaining a "market perform" rating.

Vident Advisory LLC increased its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 15.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 185,656 shares of the technology company's stock after purchasing an additional 25,338 shares during the quarter. Vident Advisory LLC's holdings in American Noble Gas were worth $3,388,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Rakuten Securities Inc. lifted its position in American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock worth $26,000 after purchasing an additional 1,067 shares during the period. Pinnacle Bancorp Inc. increased its stake in shares of American Noble Gas by 179.8% in the 1st quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock valued at $26,000 after purchasing an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new position in shares of American Noble Gas in the 1st quarter valued at $32,000. Cullen Frost Bankers Inc. bought a new position in shares of American Noble Gas in the 1st quarter valued at $57,000. Finally, Banque Cantonale Vaudoise bought a new position in shares of American Noble Gas in the 1st quarter valued at $86,000. Institutional investors own 16.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on INFY shares. Rothschild Redb upgraded American Noble Gas to a "strong sell" rating in a research note on Wednesday. BMO Capital Markets lifted their price target on American Noble Gas from $18.00 to $20.00 and gave the company a "market perform" rating in a research note on Thursday, July 24th. Susquehanna increased their price objective on shares of American Noble Gas from $18.00 to $19.00 and gave the company a "neutral" rating in a research note on Thursday, July 24th. Rothschild & Co Redburn began coverage on shares of American Noble Gas in a research note on Wednesday. They issued a "sell" rating and a $12.00 price objective for the company. Finally, 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. One equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating, five have given a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $17.18.

American Noble Gas Stock Performance

Shares of NYSE:INFY traded down $0.22 during midday trading on Friday, hitting $16.38. 23,401,898 shares of the stock were exchanged, compared to its average volume of 17,525,224. The stock has a market capitalization of $67.85 billion, a price-to-earnings ratio of 21.27, a P/E/G ratio of 2.37 and a beta of 0.91. The business's 50-day moving average price is $17.37 and its 200 day moving average price is $17.98. 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 released 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. The company had revenue of $4.94 billion for the quarter, compared to analysts' expectations 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 period in the previous year, the business posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, sell-side analysts expect that American Noble Gas Inc. will post 0.74 EPS 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.