Informatica Inc. $INFA Shares Purchased by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

Key Points

• MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Informatica Inc. by 37.2% during the 1st quarter, now owning approximately 398,724 shares worth $6,961,000.
• Notable insider transactions occurred, including Gerald Held selling 70,212 shares and Bruce R. Chizen selling 246,590 shares, both at an average price of $24.93.
• Informatica reported 0.18 EPS for the last quarter, missing expectations by $0.03, while its revenue grew by 1.7% year-over-year to reach $407.34 million.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Informatica Inc. (NYSE:INFA - Free Report) by 37.2% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 398,724 shares of the technology company's stock after purchasing an additional 108,045 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned 0.13% of Informatica worth $6,961,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of INFA. The Manufacturers Life Insurance Company increased its position in shares of Informatica by 47.7% in the 4th quarter. The Manufacturers Life Insurance Company now owns 30,490 shares of the technology company's stock valued at $791,000 after purchasing an additional 9,846 shares during the last quarter. Northern Trust Corp increased its position in shares of Informatica by 41.9% in the 4th quarter. Northern Trust Corp now owns 398,063 shares of the technology company's stock valued at $10,322,000 after purchasing an additional 117,446 shares during the last quarter. Jane Street Group LLC grew its position in shares of Informatica by 987.2% in the 4th quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock valued at $2,340,000 after buying an additional 81,940 shares during the last quarter. Ameriprise Financial Inc. grew its position in shares of Informatica by 47.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock valued at $28,432,000 after buying an additional 353,717 shares during the last quarter. Finally, BNP Paribas Financial Markets purchased a new position in shares of Informatica in the 4th quarter valued at $3,650,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Performance

Shares of INFA traded up $0.01 during mid-day trading on Tuesday, hitting $24.81. 1,313,474 shares of the company's stock were exchanged, compared to its average volume of 2,811,067. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $28.14. The firm has a market capitalization of $7.56 billion, a P/E ratio of -620.25, a P/E/G ratio of 6.68 and a beta of 1.15. The business's 50 day moving average is $24.68 and its two-hundred day moving average is $21.82. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The firm had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. During the same quarter last year, the business posted $0.23 EPS. The firm's revenue was up 1.7% on a year-over-year basis. On average, equities analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 49,104 shares of the firm's stock in a transaction on Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the completion of the sale, the executive vice president owned 352,266 shares in the company, valued at approximately $8,708,015.52. This trade represents a 12.23% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Francis R. Santiago sold 16,790 shares of the firm's stock in a transaction on Wednesday, September 10th. The stock was sold at an average price of $24.78, for a total transaction of $416,056.20. Following the completion of the sale, the chief accounting officer owned 43,851 shares of the company's stock, valued at $1,086,627.78. This trade represents a 27.69% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 431,625 shares of company stock worth $10,712,841 over the last quarter. Insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on INFA. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $25.00 target price (up from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Wolfe Research downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Robert W. Baird increased their target price on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Wells Fargo & Company increased their target price on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Truist Financial downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating and increased their target price for the company from $24.00 to $25.00 in a research report on Wednesday, May 28th. Sixteen research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $23.67.

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.