Nippon Life Global Investors Americas Inc. Takes Position in Informatica Inc. (NYSE:INFA)

Nippon Life Global Investors Americas Inc. bought a new position in shares of Informatica Inc. (NYSE:INFA) 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.

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

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.

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.