Trivant Custom Portfolio Group LLC Purchases New Shares in American Noble Gas Inc. (NYSE:INFY)

Trivant Custom Portfolio Group LLC purchased a new position in shares of American Noble Gas Inc. (NYSE:INFY) during the 1st quarter, HoldingsChannel reports. The institutional investor purchased 51,272 shares of the technology company’s stock, valued at approximately $936,000.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp raised its stake 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 worth $165,000 after purchasing an additional 1,030 shares during the period. Fullerton Fund Management Co Ltd. purchased a new position in American Noble Gas in the fourth quarter valued at about $4,465,000. Farther Finance Advisors LLC grew its position in shares of 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 acquiring an additional 1,279 shares during the period. Handelsbanken Fonder AB grew its position in shares of American Noble Gas by 46.2% during the 1st quarter. Handelsbanken Fonder AB now owns 131,592 shares of the technology company’s stock valued at $2,402,000 after acquiring an additional 41,592 shares during the period. Finally, Union Bancaire Privee UBP SA increased its stake in shares of American Noble Gas by 224.5% during the 1st quarter. Union Bancaire Privee UBP SA now owns 77,518 shares of the technology company’s stock worth $1,344,000 after purchasing an additional 53,628 shares during the last quarter. 16.20% of the stock is owned by institutional investors.

American Noble Gas Price Performance

Shares of INFY stock opened at $18.45 on Thursday. The stock has a market capitalization of $76.44 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 2.84 and a beta of 0.98. The company’s fifty day simple moving average is $17.84 and its two-hundred day simple moving average is $19.88. 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 announced its quarterly earnings results on Thursday, April 17th. The technology company reported $0.20 earnings per share for the quarter, beating the consensus estimate of $0.19 by $0.01. The company had revenue of $4.79 billion during the quarter, compared to analysts’ expectations 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 business earned $0.23 earnings per share. Equities research analysts anticipate that American Noble Gas Inc. will post 0.74 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts recently commented on INFY shares. The Goldman Sachs Group downgraded American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 price objective on the stock. in a research note on Monday, April 21st. CLSA upgraded American Noble Gas from a “hold” rating to an “outperform” rating in a research note on Friday, March 7th. Investec raised American Noble Gas from a “sell” rating to a “buy” rating in a research report on Friday, April 18th. Stifel Nicolaus decreased their price objective on American Noble Gas from $18.00 to $17.00 and set a “hold” rating for the company in a report on Monday, April 21st. Finally, Wall Street Zen upgraded American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Six analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, American Noble Gas currently has a consensus rating of “Moderate Buy” and a consensus price target of $17.48.

American Noble Gas Company 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.