Aberdeen Group plc Grows Position in American Noble Gas Inc. $INFY

Aberdeen Group plc boosted its position in shares of American Noble Gas Inc. (NYSE:INFY) by 16.5% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 397,150 shares of the technology company’s stock after acquiring an additional 56,386 shares during the period. Aberdeen Group plc’s holdings in American Noble Gas were worth $7,155,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Fullerton Fund Management Co Ltd. purchased a new position in shares of American Noble Gas in the fourth quarter worth $4,465,000. Handelsbanken Fonder AB increased its position in shares of American Noble Gas by 46.2% in the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company’s stock valued at $2,402,000 after acquiring an additional 41,592 shares during the period. Union Bancaire Privee UBP SA raised its stake in American Noble Gas by 224.5% in the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company’s stock worth $1,344,000 after acquiring an additional 53,628 shares during the last quarter. Principal Financial Group Inc. lifted its position in American Noble Gas by 272.8% during the 1st quarter. Principal Financial Group Inc. now owns 152,443 shares of the technology company’s stock worth $2,782,000 after acquiring an additional 111,553 shares during the period. Finally, Captrust Financial Advisors lifted its position in American Noble Gas by 5.5% during the 4th quarter. Captrust Financial Advisors now owns 22,915 shares of the technology company’s stock worth $502,000 after acquiring an additional 1,197 shares during the period. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on INFY. Wall Street Zen raised American Noble Gas from a “hold” rating to a “buy” rating in a report on Friday, May 16th. BMO Capital Markets increased 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 report on Thursday, July 24th. Finally, Susquehanna lifted 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. One equities research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and five have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.48.

American Noble Gas Stock Up 2.4%

Shares of INFY opened at $17.0060 on Thursday. The company has a market capitalization of $70.47 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.38 and a beta of 0.87. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The stock’s 50-day moving average price is $17.72 and its 200-day moving average price is $18.39.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%.The company had revenue of $4.94 billion during the quarter, compared to the consensus estimate of $4.84 billion. During the same period in the previous year, the company posted $15.35 earnings per share. American Noble Gas has set its FY 2026 guidance at EPS. As a group, equities analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current fiscal 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.