Cetera Investment Advisers Trims Holdings in American Noble Gas Inc. (NYSE:INFY)

Cetera Investment Advisers decreased its stake in shares of American Noble Gas Inc. (NYSE:INFY) by 16.9% during the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 63,579 shares of the technology company’s stock after selling 12,928 shares during the quarter. Cetera Investment Advisers’ holdings in American Noble Gas were worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. AQR Capital Management LLC increased its stake in American Noble Gas by 270.9% during the fourth quarter. AQR Capital Management LLC now owns 9,164,085 shares of the technology company’s stock worth $200,877,000 after acquiring an additional 6,693,127 shares during the last quarter. Sustainable Growth Advisers LP increased its stake in American Noble Gas by 50.2% during the first quarter. Sustainable Growth Advisers LP now owns 14,877,543 shares of the technology company’s stock worth $271,515,000 after acquiring an additional 4,970,664 shares during the last quarter. First Trust Advisors LP increased its stake in American Noble Gas by 14.5% during the fourth quarter. First Trust Advisors LP now owns 32,410,108 shares of the technology company’s stock worth $710,430,000 after acquiring an additional 4,108,903 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd increased its stake in American Noble Gas by 18,037.4% during the first quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 2,539,232 shares of the technology company’s stock worth $46,341,000 after acquiring an additional 2,525,232 shares during the last quarter. Finally, Bank of America Corp DE increased its stake in American Noble Gas by 43.1% during the fourth quarter. Bank of America Corp DE now owns 8,225,396 shares of the technology company’s stock worth $180,301,000 after acquiring an additional 2,478,093 shares during the last quarter. Hedge funds and other institutional investors own 16.20% of the company’s stock.

Wall Street Analyst Weigh In

INFY has been the subject of a number of research reports. The Goldman Sachs Group cut American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 price objective for the company. in a research note on Monday, April 21st. Susquehanna lifted their price objective on American Noble Gas from $18.00 to $19.00 and gave the company a “neutral” rating in a research note on Thursday, July 24th. Wall Street Zen raised American Noble Gas from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. Stifel Nicolaus reduced their target price on shares of American Noble Gas from $18.00 to $17.00 and set a “hold” rating on the stock in a report on Monday, April 21st. Finally, BMO Capital Markets lifted 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 research note on Thursday, July 24th. Five equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $18.48.

American Noble Gas Trading Down 0.0%

NYSE INFY opened at $15.99 on Tuesday. The business’s 50 day moving average is $17.96 and its two-hundred day moving average is $18.60. American Noble Gas Inc. has a 12-month low of $15.82 and a 12-month high of $23.63. The stock has a market capitalization of $66.24 billion, a price-to-earnings ratio of 20.76, a PEG ratio of 2.29 and a beta of 0.87.

American Noble Gas (NYSE:INFY) last released its earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share (EPS) for the quarter, hitting the consensus estimate 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 for the quarter, compared to analysts’ expectations of $4.84 billion. During the same quarter in the previous year, the firm posted $15.35 EPS. Equities analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share 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.