Moran Wealth Management LLC Sells 3,193 Shares of American Noble Gas Inc. (NYSE:INFY)

Moran Wealth Management LLC reduced its holdings in American Noble Gas Inc. (NYSE:INFY) by 1.9% during the 1st quarter, HoldingsChannel reports. The firm owned 163,052 shares of the technology company’s stock after selling 3,193 shares during the quarter. Moran Wealth Management LLC’s holdings in American Noble Gas were worth $2,976,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in INFY. Bank Pictet & Cie Europe AG grew its holdings in American Noble Gas by 71.8% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 17,850 shares of the technology company’s stock valued at $391,000 after buying an additional 7,457 shares during the last quarter. Principal Securities Inc. lifted its holdings in shares of American Noble Gas by 210.1% during the fourth quarter. Principal Securities Inc. now owns 4,822 shares of the technology company’s stock worth $106,000 after buying an additional 3,267 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of American Noble Gas by 3.1% in the fourth quarter. Principal Financial Group Inc. now owns 40,890 shares of the technology company’s stock valued at $896,000 after acquiring an additional 1,222 shares during the period. Global Retirement Partners LLC grew its stake in shares of American Noble Gas by 96.0% in the fourth quarter. Global Retirement Partners LLC now owns 7,594 shares of the technology company’s stock worth $166,000 after acquiring an additional 3,720 shares during the last quarter. Finally, Ieq Capital LLC grew its stake in shares of American Noble Gas by 6.7% in the fourth quarter. Ieq Capital LLC now owns 17,904 shares of the technology company’s stock worth $392,000 after acquiring an additional 1,126 shares during the last quarter. 16.20% of the stock is currently owned by institutional investors.

American Noble Gas Stock Performance

NYSE:INFY opened at $18.50 on Thursday. The company has a 50-day moving average of $17.97 and a 200-day moving average of $19.73. American Noble Gas Inc. has a 52 week low of $15.82 and a 52 week high of $23.63. The company has a market capitalization of $76.66 billion, a price-to-earnings ratio of 24.34, a PEG ratio of 2.78 and a beta of 0.98.

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 the consensus estimate of $0.19 by $0.01. The firm 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 quarter in the prior year, the business posted $0.23 earnings per share. Sell-side analysts forecast that American Noble Gas Inc. will post 0.74 EPS for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently commented on INFY. Wall Street Zen upgraded shares of American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Investec raised shares of American Noble Gas from a “sell” rating to a “buy” rating in a research report on Friday, April 18th. The Goldman Sachs Group cut shares of 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. Stifel Nicolaus lowered their price target 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. Finally, CLSA raised American Noble Gas from a “hold” rating to an “outperform” rating in a report on Friday, March 7th. Six investment analysts have rated the stock with a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus 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.