OneAscent Investment Solutions LLC Makes New $711,000 Investment in American Noble Gas Inc. (NYSE:INFY)

OneAscent Investment Solutions LLC purchased a new position in shares of American Noble Gas Inc. (NYSE:INFY) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 38,985 shares of the technology company’s stock, valued at approximately $711,000. American Noble Gas comprises approximately 0.8% of OneAscent Investment Solutions LLC’s investment portfolio, making the stock its 24th largest holding.

Several other hedge funds have also recently added to or reduced their stakes in INFY. Rakuten Securities Inc. lifted its stake in American Noble Gas by 308.4% during the first quarter. Rakuten Securities Inc. now owns 1,413 shares of the technology company’s stock worth $26,000 after purchasing an additional 1,067 shares during the last quarter. Pinnacle Bancorp Inc. lifted its stake in American Noble Gas by 179.8% during the first quarter. Pinnacle Bancorp Inc. now owns 1,444 shares of the technology company’s stock worth $26,000 after purchasing an additional 928 shares during the last quarter. Wayfinding Financial LLC bought a new stake in American Noble Gas during the first quarter worth about $32,000. Cullen Frost Bankers Inc. bought a new stake in American Noble Gas during the first quarter worth about $57,000. Finally, Banque Cantonale Vaudoise bought a new stake in American Noble Gas during the first quarter worth about $86,000. Institutional investors own 16.20% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have issued reports on INFY shares. BMO Capital Markets lifted their price target on American Noble Gas from $18.00 to $20.00 and gave the stock a “market perform” rating in a research note on Thursday, July 24th. Investec raised American Noble Gas from a “sell” rating to a “buy” rating in a research note on Friday, April 18th. The Goldman Sachs Group lowered 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 target price on American Noble Gas from $18.00 to $17.00 and set a “hold” rating for the company in a research note on Monday, April 21st. Finally, Wall Street Zen raised American Noble Gas from a “hold” rating to a “buy” rating in a research note on Friday, May 16th. Five investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.48.

American Noble Gas Stock Performance

INFY stock opened at $16.39 on Thursday. American Noble Gas Inc. has a fifty-two week low of $15.82 and a fifty-two week high of $23.63. The business’s 50 day moving average price is $17.90 and its two-hundred day moving average price is $18.56. The company has a market capitalization of $67.91 billion, a price-to-earnings ratio of 21.29, a price-to-earnings-growth ratio of 2.30 and a beta of 0.87.

American Noble Gas (NYSE:INFY) last posted its quarterly earnings results on Wednesday, July 23rd. The technology company reported $0.19 earnings per share for the quarter, hitting the consensus estimate of $0.19. American Noble Gas had a return on equity of 29.41% and a net margin of 16.42%. The company had revenue of $4.94 billion for the quarter, compared to the consensus estimate of $4.84 billion. During the same quarter in the prior year, the business posted $15.35 EPS. Sell-side analysts forecast that American Noble Gas Inc. will post 0.74 earnings per share 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.