Sumitomo Mitsui DS Asset Management Company Ltd Buys 810 Shares of Informatica Inc. (NYSE:INFA)

Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Informatica Inc. (NYSE:INFA) by 11.4% during the third quarter, HoldingsChannel.com reports. The fund owned 7,935 shares of the technology company’s stock after purchasing an additional 810 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Informatica were worth $201,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the stock. First Horizon Advisors Inc. purchased a new stake in shares of Informatica during the 2nd quarter worth approximately $32,000. ORG Partners LLC bought a new stake in Informatica in the first quarter worth $43,000. Summit Securities Group LLC purchased a new stake in Informatica during the second quarter valued at $46,000. Amalgamated Bank lifted its position in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after purchasing an additional 1,037 shares during the last quarter. Finally, CIBC Asset Management Inc purchased a new position in shares of Informatica in the 2nd quarter worth $216,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently issued reports on INFA. Scotiabank decreased their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Citigroup lowered their price objective on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Wells Fargo & Company cut their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a research report on Wednesday, July 31st. Guggenheim restated a “buy” rating on shares of Informatica in a research report on Friday, October 18th. Finally, The Goldman Sachs Group cut their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $32.55.

Informatica Trading Down 1.1 %

NYSE INFA opened at $26.56 on Thursday. The stock has a market cap of $7.84 billion, a PE ratio of -1,328.00, a PEG ratio of 5.20 and a beta of 1.06. Informatica Inc. has a 12 month low of $18.71 and a 12 month high of $39.80. The company’s 50-day moving average price is $25.24 and its 200-day moving average price is $27.86. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77.

Informatica (NYSE:INFA) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company’s revenue for the quarter was up 6.6% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.02 EPS. Equities research analysts forecast that Informatica Inc. will post 0.5 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 8,501 shares of the company’s stock in a transaction on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total value of $227,486.76. Following the completion of the sale, the executive vice president now directly owns 393,686 shares in the company, valued at approximately $10,535,037.36. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the transaction, the chief accounting officer now directly owns 142,671 shares of the company’s stock, valued at $3,817,875.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction that occurred on Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now directly owns 393,686 shares of the company’s stock, valued at $10,535,037.36. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

Informatica 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.