MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Purchases 32,717 Shares of Informatica Inc. (NYSE:INFA)

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in Informatica Inc. (NYSE:INFA) by 12.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 290,679 shares of the technology company’s stock after purchasing an additional 32,717 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in Informatica were worth $7,537,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. New Age Alpha Advisors LLC purchased a new stake in shares of Informatica during the fourth quarter valued at approximately $43,000. PNC Financial Services Group Inc. grew its position 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 valued at $66,000 after purchasing an additional 667 shares in the last quarter. KBC Group NV grew its position 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 valued at $84,000 after purchasing an additional 1,325 shares in the last quarter. Aquatic Capital Management LLC purchased a new position in shares of Informatica in the fourth quarter valued at $88,000. Finally, Sterling Capital Management LLC boosted its stake in Informatica by 98.6% during the fourth quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company’s stock valued at $125,000 after buying an additional 2,402 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Informatica Stock Up 0.7%

INFA stock opened at $19.70 on Friday. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $31.65. The business’s 50 day moving average price is $18.13 and its two-hundred day moving average price is $22.35. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The company has a market capitalization of $5.96 billion, a price-to-earnings ratio of 657.02, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS 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 analysts’ expectations of $392.14 million. During the same period in the previous year, the firm posted $0.22 EPS. The business’s revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction that occurred on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the sale, the executive vice president now directly owns 416,410 shares of the company’s stock, valued at $7,516,200.50. The trade was a 2.69% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 48.10% of the company’s stock.

Analyst Ratings Changes

INFA has been the subject of several research analyst reports. Baird R W lowered Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Wells Fargo & Company lowered Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Robert W. Baird reissued a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Guggenheim restated a “buy” rating and set a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Finally, Wedbush downgraded Informatica to a “neutral” rating 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, Informatica currently has an average rating of “Hold” and an average price target of $23.69.

Informatica 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.