Mitsubishi UFJ Asset Management Co. Ltd. trimmed its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 55.2% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,142 shares of the technology company's stock after selling 74,230 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.'s holdings in Informatica were worth $1,049,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors and hedge funds also recently bought and sold shares of INFA. Parallel Advisors LLC lifted its stake in Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after buying an additional 1,216 shares in the last quarter. Versant Capital Management Inc lifted its stake in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after buying an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC lifted its stake in Informatica by 51.5% during the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after buying an additional 862 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. lifted its stake in Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after buying an additional 2,642 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in Informatica by 126.1% during the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock valued at $52,000 after buying an additional 1,660 shares in the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.
Insider Activity at Informatica
In other news, EVP John Arthur Schweitzer sold 48,929 shares of the stock in a transaction that occurred on Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total value of $1,185,060.38. Following the completion of the sale, the executive vice president directly owned 362,637 shares of the company's stock, valued at approximately $8,783,068.14. This represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the sale, the executive vice president directly owned 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 264,476 shares of company stock valued at $6,373,091 over the last three months. 2.80% of the stock is owned by company insiders.
Informatica Stock Performance
Informatica stock traded down $0.01 during trading hours on Monday, reaching $24.72. 903,682 shares of the company were exchanged, compared to its average volume of 3,888,857. The firm has a market cap of $7.48 billion, a price-to-earnings ratio of -617.88, a PEG ratio of 6.66 and a beta of 1.15. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75. The stock has a 50-day moving average of $24.42 and a 200 day moving average of $21.46. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $28.14.
Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The company had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.23 EPS. As a group, research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.
Analyst Ratings Changes
A number of research firms have commented on INFA. Wells Fargo & Company upped their price objective on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Truist Financial downgraded Informatica from a "strong-buy" rating to a "hold" rating and upped their target price for the company from $24.00 to $25.00 in a report on Wednesday, May 28th. Finally, UBS Group upped their target price on Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday, August 7th. Sixteen investment analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $23.67.
View Our Latest Analysis on Informatica
Informatica Profile
(
Free Report)
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.
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