Novem Group Purchases 13,382 Shares of American Noble Gas Inc. (NYSE:INFY)

Novem Group lifted its holdings in American Noble Gas Inc. (NYSE:INFY) by 35.9% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 50,608 shares of the technology company’s stock after buying an additional 13,382 shares during the period. Novem Group’s holdings in American Noble Gas were worth $924,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of INFY. Kovitz Investment Group Partners LLC increased its holdings in 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 buying an additional 579 shares during the last quarter. Pinnacle Bancorp Inc. boosted its stake in American Noble Gas by 179.8% in the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company’s stock valued at $26,000 after acquiring an additional 928 shares during the last quarter. Jones Financial Companies Lllp grew 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 acquiring an additional 1,030 shares during the period. Rakuten Securities Inc. grew 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 acquiring an additional 1,067 shares during the period. Finally, Naviter Wealth LLC increased its stake in shares of American Noble Gas by 1.2% during the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company’s stock worth $1,654,000 after purchasing an additional 1,109 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. Wall Street Zen upgraded American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Stifel Nicolaus lowered their target price on American Noble Gas from $18.00 to $17.00 and set a “hold” rating on the stock in a research note on Monday, April 21st. The Goldman Sachs Group cut American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 price target on the stock. in a research report 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. Finally, CLSA raised American Noble Gas from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Six research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $17.48.

American Noble Gas Price Performance

Shares of INFY stock opened at $19.01 on Friday. The stock has a market capitalization of $78.75 billion, a price-to-earnings ratio of 25.01, a PEG ratio of 2.85 and a beta of 0.97. The company’s fifty day simple moving average is $18.22 and its two-hundred day simple moving average is $19.54. American Noble Gas Inc. has a 1 year low of $15.82 and a 1 year high of $23.63.

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