Massachusetts Financial Services Co. MA Acquires 681,102 Shares of American Noble Gas Inc. (NYSE:INFY)

Massachusetts Financial Services Co. MA raised its position in American Noble Gas Inc. (NYSE:INFY) by 39.5% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,406,520 shares of the technology company’s stock after purchasing an additional 681,102 shares during the quarter. Massachusetts Financial Services Co. MA owned 0.06% of American Noble Gas worth $43,919,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Rakuten Securities Inc. boosted its position in shares of American Noble Gas by 308.4% during the 1st quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company’s stock worth $26,000 after acquiring an additional 1,067 shares in the last quarter. Pinnacle Bancorp Inc. lifted 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 worth $26,000 after acquiring an additional 928 shares during the period. Wayfinding Financial LLC bought a new position in American Noble Gas during the first quarter valued at approximately $32,000. Farther Finance Advisors LLC lifted its position in American Noble Gas by 69.7% during the 4th quarter. Farther Finance Advisors LLC now owns 3,115 shares of the technology company’s stock valued at $68,000 after purchasing an additional 1,279 shares during the period. Finally, GAMMA Investing LLC increased its holdings in American Noble Gas by 32.4% in the 1st quarter. GAMMA Investing LLC now owns 5,951 shares of the technology company’s stock worth $109,000 after acquiring an additional 1,455 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

INFY has been the subject of a number of analyst reports. BMO Capital Markets cut their target price on American Noble Gas from $25.00 to $18.00 and set a “market perform” rating for the company in a research note on Monday, April 21st. Susquehanna upgraded American Noble Gas from a “negative” rating to a “neutral” rating and set a $17.00 target price on the stock in a report on Monday, April 14th. Investec upgraded American Noble Gas from a “sell” rating to a “buy” rating in a report on Friday, April 18th. Wall Street Zen upgraded shares of American Noble Gas from a “hold” rating to a “buy” rating in a report on Friday, May 16th. Finally, Stifel Nicolaus reduced their target price on American Noble Gas from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. Six research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat.com, American Noble Gas presently has an average rating of “Moderate Buy” and a consensus price target of $17.48.

American Noble Gas Trading Down 0.2%

Shares of NYSE:INFY opened at $18.46 on Friday. The company has a 50-day moving average price of $18.39 and a 200-day moving average price of $19.25. The company has a market cap of $76.51 billion, a price-to-earnings ratio of 24.30, a price-to-earnings-growth ratio of 2.78 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.

American Noble Gas (NYSE:INFY) last issued its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.19 by $0.01. The firm had revenue of $4.79 billion for the quarter, compared to the consensus estimate of $420.69 billion. American Noble Gas had a net margin of 16.38% and a return on equity of 29.75%. During the same quarter in the previous year, the firm earned $0.23 EPS. As a group, research analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current fiscal 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.