American Noble Gas Inc. (NYSE:INFY) Shares Purchased by Principal Financial Group Inc.

Principal Financial Group Inc. boosted its stake in American Noble Gas Inc. (NYSE:INFY) by 272.8% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 152,443 shares of the technology company’s stock after buying an additional 111,553 shares during the quarter. Principal Financial Group Inc.’s holdings in American Noble Gas were worth $2,782,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. Novem Group lifted its position in shares of American Noble Gas by 35.9% in the first quarter. Novem Group now owns 50,608 shares of the technology company’s stock valued at $924,000 after acquiring an additional 13,382 shares in the last quarter. Naviter Wealth LLC grew its stake in American Noble Gas by 1.2% during the 1st quarter. Naviter Wealth LLC now owns 91,056 shares of the technology company’s stock valued at $1,654,000 after acquiring an additional 1,109 shares in the last quarter. Diversified Trust Co raised its holdings in American Noble Gas by 204.9% in the 1st quarter. Diversified Trust Co now owns 66,560 shares of the technology company’s stock valued at $1,215,000 after acquiring an additional 44,728 shares during the last quarter. Perpetual Ltd lifted its stake in American Noble Gas by 72.6% in the 1st quarter. Perpetual Ltd now owns 1,176,543 shares of the technology company’s stock worth $21,472,000 after purchasing an additional 494,814 shares in the last quarter. Finally, PDS Planning Inc lifted its stake in American Noble Gas by 20.4% in the 1st quarter. PDS Planning Inc now owns 41,588 shares of the technology company’s stock worth $759,000 after purchasing an additional 7,047 shares in the last quarter. 16.20% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

INFY has been the subject of a number of analyst reports. Susquehanna upped their price target on American Noble Gas from $17.00 to $18.00 and gave the company a “neutral” rating in a research report on Friday. Wall Street Zen upgraded American Noble Gas from a “hold” rating to a “buy” rating in a report on Friday, May 16th. The Goldman Sachs Group lowered American Noble Gas from a “buy” rating to a “neutral” rating and set a $17.90 price target on the stock. in a report on Monday, April 21st. Stifel Nicolaus lowered their price target on shares of American Noble Gas from $18.00 to $17.00 and set a “hold” rating on the stock in a research report on Monday, April 21st. Finally, BMO Capital Markets cut 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 report on Monday, April 21st. Six research 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. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $17.73.

American Noble Gas Trading Down 1.5%

NYSE INFY opened at $18.20 on Friday. The stock has a fifty day simple moving average of $18.41 and a 200-day simple moving average of $19.22. The stock has a market cap of $75.41 billion, a PE ratio of 23.95, a P/E/G ratio of 2.78 and a beta of 0.97. American Noble Gas Inc. has a twelve month low of $15.82 and a twelve month high of $23.63.

American Noble Gas (NYSE:INFY) last posted its earnings results on Thursday, April 17th. The technology company reported $0.20 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 analysts’ expectations 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 company posted $0.23 earnings per share. Research analysts predict that American Noble Gas Inc. will post 0.74 EPS for the current 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.