Vontobel Holding Ltd. Lowers Stock Holdings in American Noble Gas Inc. (NYSE:INFY)

Vontobel Holding Ltd. trimmed its position in shares of American Noble Gas Inc. (NYSE:INFY - Free Report) by 25.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 618,185 shares of the technology company's stock after selling 205,766 shares during the quarter. Vontobel Holding Ltd.'s holdings in American Noble Gas were worth $11,282,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of INFY. Kovitz Investment Group Partners LLC boosted its stake in American Noble Gas by 5.9% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company's stock valued at $229,000 after acquiring an additional 579 shares in the last quarter. Pinnacle Bancorp Inc. grew its holdings in shares of American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company's stock worth $26,000 after buying an additional 928 shares in the last quarter. Jones Financial Companies Lllp raised its stake in American Noble Gas by 15.9% during the fourth quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company's stock worth $165,000 after purchasing an additional 1,030 shares during the period. Rakuten Securities Inc. raised its holdings in American Noble Gas by 308.4% in the first 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 boosted its position in shares of American Noble Gas by 1.2% in the first quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company's stock worth $1,654,000 after buying an additional 1,109 shares during the period. 16.20% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on INFY shares. Stifel Nicolaus dropped their price target on shares of American Noble Gas from $18.00 to $17.00 and set a "hold" rating on the stock in a research report on Monday, April 21st. Investec upgraded shares of American Noble Gas from a "sell" rating to a "buy" rating in a research report on Friday, April 18th. Susquehanna raised American Noble Gas from a "negative" rating to a "neutral" rating and set a $17.00 price objective for the company in a report on Monday, April 14th. 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. Finally, BMO Capital Markets lowered their price target on American Noble Gas from $25.00 to $18.00 and set a "market perform" rating for the company in a report on Monday, April 21st. Six analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average price target of $17.48.

American Noble Gas Price Performance

Shares of INFY stock traded down $0.01 during mid-day trading on Wednesday, hitting $18.89. The stock had a trading volume of 9,428,301 shares, compared to its average volume of 9,930,153. The firm has a market capitalization of $78.27 billion, a P/E ratio of 24.86, a price-to-earnings-growth ratio of 2.82 and a beta of 0.97. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The firm's 50-day moving average is $18.15 and its two-hundred day moving average is $19.57.

American Noble Gas (NYSE:INFY - Get Free Report) last issued its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, topping 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 the consensus estimate of $420.69 billion. During the same quarter in the prior year, the company earned $0.23 EPS. Analysts expect that American Noble Gas Inc. will post 0.74 EPS 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.