American Noble Gas Inc. (NYSE:INFY) Shares Sold by Seed Wealth Management Inc.

Seed Wealth Management Inc. lessened its position in American Noble Gas Inc. (NYSE:INFY) by 9.1% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,590 shares of the technology company’s stock after selling 1,670 shares during the period. Seed Wealth Management Inc.’s holdings in American Noble Gas were worth $303,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. BHK Investment Advisors LLC grew its position in American Noble Gas by 2.3% in the 4th quarter. BHK Investment Advisors LLC now owns 22,785 shares of the technology company’s stock valued at $499,000 after buying an additional 507 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its position in shares of American Noble Gas by 5.9% during the 4th quarter. Kovitz Investment Group Partners LLC now owns 10,467 shares of the technology company’s stock valued at $229,000 after purchasing an additional 579 shares in the last quarter. Wealthstream Advisors Inc. boosted its position in shares of American Noble Gas by 9.8% during the 4th quarter. Wealthstream Advisors Inc. now owns 11,354 shares of the technology company’s stock valued at $249,000 after purchasing an additional 1,009 shares in the last quarter. Jones Financial Companies Lllp boosted its position in shares of American Noble Gas by 15.9% during the 4th quarter. Jones Financial Companies Lllp now owns 7,520 shares of the technology company’s stock valued at $165,000 after purchasing an additional 1,030 shares in the last quarter. Finally, 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 valued at $26,000 after purchasing an additional 1,067 shares in the last quarter. Institutional investors and hedge funds own 16.20% of the company’s stock.

American Noble Gas Trading Down 0.4%

INFY stock opened at $18.68 on Wednesday. The firm has a 50-day moving average of $17.83 and a two-hundred day moving average of $19.89. The firm has a market capitalization of $77.38 billion, a PE ratio of 24.57, a P/E/G ratio of 2.85 and a beta of 0.98. American Noble Gas Inc. has a one year low of $15.82 and a one year high of $23.63.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings results 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 business had revenue of $4.79 billion during the quarter, compared to analyst estimates 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 period in the prior year, the firm earned $0.23 earnings per share. On average, equities research analysts anticipate that American Noble Gas Inc. will post 0.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on INFY shares. CLSA upgraded shares of American Noble Gas from a “hold” rating to an “outperform” rating in a research report on Friday, March 7th. Susquehanna upgraded shares of American Noble Gas from a “negative” rating to a “neutral” rating and set a $17.00 price objective for the company in a research report on Monday, April 14th. Wall Street Zen upgraded shares of American Noble Gas from a “hold” rating to a “buy” rating in a research report on Friday, May 16th. The Goldman Sachs Group lowered shares of 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. Finally, BMO Capital Markets reduced their price objective on shares of 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. Six equities research analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, American Noble Gas presently has an average rating of “Moderate Buy” and a consensus target price of $17.48.

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.