Vident Advisory LLC Grows Stock Position in 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 boosted its holdings in American Noble Gas Inc. (NYSE:INFY - Free Report) by 15.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Kovitz Investment Group Partners LLC raised its position in American Noble Gas by 5.9% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after purchasing an additional 579 shares during the last quarter. KLP Kapitalforvaltning AS increased its stake in American Noble Gas by 13.3% in the 1st quarter. KLP Kapitalforvaltning AS now owns 6,800 shares of the technology company's stock valued at $124,000 after buying an additional 800 shares during the period. Pinnacle Bancorp Inc. increased its stake in 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 buying an additional 928 shares during the period. Rakuten Securities Inc. increased its stake in American Noble Gas by 308.4% in the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company's stock valued at $26,000 after buying an additional 1,067 shares during the period. Finally, Naviter Wealth LLC increased its stake in American Noble Gas by 1.2% in the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock valued at $1,654,000 after buying an additional 1,109 shares during the period. Hedge funds and other institutional investors own 16.20% of the company's stock.

American Noble Gas Trading Down 0.2%

Shares of NYSE:INFY traded down $0.04 on Thursday, reaching $16.60. 15,165,689 shares of the company were exchanged, compared to its average volume of 12,916,798. American Noble Gas Inc. has a 1-year low of $15.82 and a 1-year high of $23.63. The firm has a market cap of $68.78 billion, a price-to-earnings ratio of 21.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.91. The company has a 50-day moving average of $17.45 and a 200-day moving average of $18.05.

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

Wall Street Analyst Weigh In

INFY has been the topic of several recent research reports. BMO Capital Markets boosted their price objective on shares of 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. 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 boosted 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 Redb raised shares of American Noble Gas to a "strong sell" rating in a research note on Wednesday. Finally, Rothschild & Co Redburn initiated coverage on shares of American Noble Gas in a research note on Wednesday. They issued a "sell" rating and a $12.00 price objective on the stock. 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 issued a Sell rating to the stock. Based on data from MarketBeat, American Noble Gas presently has a consensus rating of "Hold" and an average target price 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.