Nippon Life Global Investors Americas Inc. bought a new position in shares of Informatica Inc. (NYSE:INFA – Free Report) in the 2nd quarter, Holdings Channel.com reports. The institutional investor bought 349,940 shares of the technology company’s stock, valued at approximately $10,806,000.
Several other hedge funds and other institutional investors have also modified their holdings of INFA. Jericho Capital Asset Management L.P. acquired a new position in Informatica during the first quarter worth $52,045,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Informatica by 78,094.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock worth $44,473,000 after purchasing an additional 1,269,034 shares during the last quarter. Fiera Capital Corp increased its position in shares of Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock worth $48,006,000 after purchasing an additional 1,266,265 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Informatica by 26.1% during the 4th quarter. Vanguard Group Inc. now owns 5,308,121 shares of the technology company’s stock valued at $150,698,000 after purchasing an additional 1,098,246 shares during the last quarter. Finally, Wellington Management Group LLP boosted its position in Informatica by 10.0% in the fourth quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock valued at $275,966,000 after buying an additional 883,642 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.
Informatica Trading Down 0.1 %
INFA stock opened at $25.48 on Monday. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica Inc. has a twelve month low of $18.71 and a twelve month high of $39.80. The company has a market cap of $7.52 billion, a P/E ratio of -1,274.00, a PEG ratio of 5.14 and a beta of 1.06. The business has a fifty day moving average of $24.56 and a 200-day moving average of $29.27.
Analysts Set New Price Targets
Several analysts have recently weighed in on the stock. Robert W. Baird dropped their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Scotiabank dropped their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Tuesday, June 25th. Finally, UBS Group cut their price target on Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a report on Wednesday, July 31st. Four research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $32.55.
View Our Latest Report on INFA
Insider Buying and Selling
In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares in the company, valued at approximately $4,072,342.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $28.18, for a total value of $1,817,638.18. Following the completion of the transaction, the executive vice president now owns 437,348 shares in the company, valued at $12,324,466.64. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by insiders.
Informatica Company Profile
Informatica Inc develops an artificial intelligence-powered platform that connects, manages, and unifies data across multi-vendor, multi-cloud, and hybrid systems at enterprise scale worldwide. Its platform includes a suite of interoperable data management products, including data integration products to ingest, transform, and integrate data; API and application integration products that enable users to create and manage APIs and integration processes for app-to-app synchronization, business process orchestration, B2B partner management, application development, and API management; data quality and observability products to profile, cleanse, standardize, observe, and monitor data to deliver accurate, complete, and consistent data; and master data management products to create an authoritative single source of truth of business-critical data.
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