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

Nippon Life Global Investors Americas Inc. trimmed its stake in Informatica Inc. (NYSE:INFA) by 1.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 300,270 shares of the technology company’s stock after selling 3,070 shares during the quarter. Nippon Life Global Investors Americas Inc. owned approximately 0.10% of Informatica worth $7,786,000 at the end of the most recent reporting period.

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

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on INFA. Cantor Fitzgerald initiated coverage on shares of Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price target for the company. Robert W. Baird reiterated a “neutral” rating and issued a $19.00 price target (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. Truist Financial reissued a “buy” rating and set a $24.00 price target (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Finally, DA Davidson lowered their target price on Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Monday, April 14th. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $24.15.

Insider Activity

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

Informatica Stock Performance

NYSE INFA opened at $16.87 on Tuesday. The company has a market capitalization of $5.10 billion, a price-to-earnings ratio of 562.52, a PEG ratio of 4.44 and a beta of 1.06. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $33.68. The stock has a fifty day simple moving average of $18.34 and a 200 day simple moving average of $23.33.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Sell-side analysts expect that Informatica Inc. will post 0.63 EPS 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.