Informatica Inc. (NYSE:INFA) Shares Bought by MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 12.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 290,679 shares of the technology company's stock after buying an additional 32,717 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. owned approximately 0.10% of Informatica worth $7,537,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also made changes to their positions in the company. FMR LLC increased its holdings in Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the last quarter. Pictet Asset Management Holding SA increased its holdings in Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after purchasing an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. increased its holdings in Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after purchasing an additional 2,409,023 shares during the last quarter. Wellington Management Group LLP increased its holdings in Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after purchasing an additional 1,591,037 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. acquired a new stake in Informatica in the 4th quarter valued at approximately $36,236,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the sale, the executive vice president now directly owns 416,410 shares in the company, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders have sold 34,735 shares of company stock worth $643,827 in the last ninety days. 48.10% of the stock is owned by corporate insiders.

Informatica Stock Up 17.7%

Shares of Informatica stock traded up $3.40 during trading on Friday, hitting $22.60. 19,886,167 shares of the stock were exchanged, compared to its average volume of 2,232,646. The stock has a market cap of $6.84 billion, a price-to-earnings ratio of 753.72, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The firm's 50-day moving average price is $18.31 and its 200 day moving average price is $22.16. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $31.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.22. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The business had revenue of $403.90 million during the quarter, compared to analysts' expectations of $392.14 million. During the same period in the previous year, the company earned $0.22 EPS. The company's revenue for the quarter was up 3.9% on a year-over-year basis. As a group, analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. Truist Financial reiterated a "buy" rating and issued a $24.00 target price (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. Wells Fargo & Company cut shares of Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Scotiabank raised their price target on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $23.69.

About Informatica

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.