Xponance Inc. Buys New Holdings in American Noble Gas Inc. (NYSE:INFY)

Xponance Inc. bought a new stake in American Noble Gas Inc. (NYSE:INFY) during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 12,816 shares of the technology company’s stock, valued at approximately $234,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Kovitz Investment Group Partners LLC increased its position in shares of American Noble Gas by 5.9% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock worth $229,000 after acquiring an additional 579 shares during the last quarter. Pinnacle Bancorp Inc. increased its position 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 acquiring an additional 928 shares during the last quarter. Rakuten Securities Inc. increased 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 last quarter. Naviter Wealth LLC increased its holdings in American Noble Gas by 1.2% in the first 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 last quarter. Finally, Tidal Investments LLC increased its holdings in American Noble Gas by 2.8% in the fourth quarter. Tidal Investments LLC now owns 43,499 shares of the technology company’s stock valued at $953,000 after buying an additional 1,184 shares during the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

American Noble Gas Price Performance

INFY stock opened at $18.20 on Friday. American Noble Gas Inc. has a 52-week low of $15.82 and a 52-week high of $23.63. The company has a 50-day moving average of $18.41 and a two-hundred day moving average of $19.20. The stock has a market capitalization of $75.41 billion, a price-to-earnings ratio of 23.95, a price-to-earnings-growth ratio of 2.74 and a beta of 0.97.

American Noble Gas (NYSE:INFY) last announced its quarterly earnings data on Thursday, April 17th. The technology company reported $0.20 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $4.79 billion during the quarter, compared to analyst estimates of $420.69 billion. During the same quarter in the prior year, the business earned $0.23 earnings per share. Equities analysts expect that American Noble Gas Inc. will post 0.74 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFY has been the subject of a number of research reports. Wall Street Zen upgraded American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. The Goldman Sachs Group downgraded American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 target price for the company. in a research note on Monday, April 21st. Investec upgraded American Noble Gas from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. Stifel Nicolaus reduced their price objective on American Noble Gas from $18.00 to $17.00 and set a “hold” rating for the company in a research report on Monday, April 21st. Finally, Susquehanna boosted their price objective on American Noble Gas from $17.00 to $18.00 and gave the stock a “neutral” rating in a research report on Friday. Five equities 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, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.73.

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.