Nippon Life Global Investors Americas Inc. Has $7.79 Million Stock Position in Informatica Inc. (NYSE:INFA)

Nippon Life Global Investors Americas Inc. lessened its stake in shares of Informatica Inc. (NYSE:INFA) by 1.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 300,270 shares of the technology company’s stock after selling 3,070 shares during the period. Nippon Life Global Investors Americas Inc.’s holdings in Informatica were worth $7,786,000 as of its most recent SEC filing.

Several other large investors also recently made changes to their positions in INFA. ORG Wealth Partners LLC bought a new position in Informatica in the fourth quarter worth approximately $32,000. New Age Alpha Advisors LLC acquired a new position in shares of Informatica during the fourth quarter worth approximately $43,000. FNY Investment Advisers LLC acquired a new position in shares of Informatica during the fourth quarter worth approximately $54,000. PNC Financial Services Group Inc. lifted its holdings in shares of Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares in the last quarter. Finally, KBC Group NV grew its position in Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 48.10% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have weighed in on INFA shares. Truist Financial reaffirmed a “buy” rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective for the company. in a report on Friday, February 14th. DA Davidson dropped their target price on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Monday, April 14th. Finally, Cantor Fitzgerald started coverage on Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target for the company. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $24.15.

Informatica Price Performance

Shares of NYSE:INFA opened at $16.87 on Tuesday. The company has a market capitalization of $5.10 billion, a P/E ratio of 562.52, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The company’s 50-day moving average is $18.34 and its 200 day moving average is $23.33. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $33.68.

Informatica (NYSE:INFA) last released its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. On average, equities research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

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.