BNP Paribas Financial Markets Acquires New Shares in Informatica Inc. (NYSE:INFA)

BNP Paribas Financial Markets acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund acquired 140,779 shares of the technology company's stock, valued at approximately $3,650,000.

Several other large investors have also recently modified their holdings of the stock. PNC Financial Services Group Inc. increased its holdings in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after buying an additional 667 shares during the period. KBC Group NV increased its holdings in shares of Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after buying an additional 1,325 shares during the period. Pacer Advisors Inc. increased its holdings in shares of Informatica by 30.6% in the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after buying an additional 1,437 shares during the period. New Age Alpha Advisors LLC purchased a new position in shares of Informatica in the fourth quarter worth about $43,000. Finally, FNY Investment Advisers LLC purchased a new position in shares of Informatica in the fourth quarter worth about $54,000. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Up 0.7%

Shares of INFA stock traded up $0.13 during midday trading on Friday, reaching $19.70. 5,050,284 shares of the stock were exchanged, compared to its average volume of 2,149,537. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $31.65. The company's 50 day moving average is $18.13 and its two-hundred day moving average is $22.35. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market cap of $5.96 billion, a PE ratio of 657.02, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, hitting analysts' consensus estimates of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the prior year, the business earned $0.22 EPS. The business's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business's stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company's stock, valued at $5,977,565.82. The trade was a 3.38% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 48.10% of the company's stock.

Analyst Ratings Changes

Several research firms have recently commented on INFA. Cantor Fitzgerald began coverage on Informatica in a report on Friday, January 17th. They issued a "neutral" rating and a $29.00 price objective on the stock. DA Davidson decreased their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Truist Financial restated a "buy" rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Bank of America downgraded Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target on the stock. in a report on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $23.69.

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.