Mirae Asset Global Investments Co. Ltd. Buys 35,788 Shares of Informatica Inc. (NYSE:INFA)

Mirae Asset Global Investments Co. Ltd. boosted its stake in shares of Informatica Inc. (NYSE:INFA) by 37.0% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 132,470 shares of the technology company’s stock after purchasing an additional 35,788 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Informatica were worth $3,761,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in INFA. JPMorgan Chase & Co. lifted its stake in shares of Informatica by 3.7% in the second quarter. JPMorgan Chase & Co. now owns 15,560 shares of the technology company’s stock worth $324,000 after buying an additional 559 shares during the last quarter. Victory Capital Management Inc. raised its holdings in Informatica by 4.7% in the 3rd quarter. Victory Capital Management Inc. now owns 12,600 shares of the technology company’s stock worth $265,000 after acquiring an additional 562 shares during the period. Legal & General Group Plc lifted its position in Informatica by 5.8% during the 4th quarter. Legal & General Group Plc now owns 12,880 shares of the technology company’s stock worth $210,000 after acquiring an additional 707 shares during the last quarter. Public Employees Retirement System of Ohio boosted its holdings in Informatica by 2.0% during the second quarter. Public Employees Retirement System of Ohio now owns 47,737 shares of the technology company’s stock valued at $883,000 after acquiring an additional 937 shares during the period. Finally, Swiss National Bank grew its position in shares of Informatica by 1.3% in the second quarter. Swiss National Bank now owns 78,400 shares of the technology company’s stock valued at $1,450,000 after purchasing an additional 1,000 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on INFA shares. Robert W. Baird assumed coverage on Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective for the company. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $41.00 price target on shares of Informatica in a research report on Monday. Citigroup increased their price objective on Informatica from $28.00 to $33.00 and gave the company a “neutral” rating in a research report on Monday, February 12th. The Goldman Sachs Group upgraded shares of Informatica from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $26.00 to $44.00 in a research note on Friday, February 16th. Finally, UBS Group upped their target price on shares of Informatica from $27.00 to $37.00 and gave the company a “neutral” rating in a research note on Thursday, February 15th. Five equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $34.78.

Informatica Stock Down 2.7 %

Shares of INFA stock opened at $35.01 on Wednesday. Informatica Inc. has a one year low of $13.29 and a one year high of $39.80. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. The stock has a fifty day moving average price of $33.99 and a 200 day moving average price of $28.55. The stock has a market cap of $10.33 billion, a P/E ratio of -76.11, a price-to-earnings-growth ratio of 8.19 and a beta of 1.08.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The business had revenue of $445.18 million during the quarter, compared to analyst estimates of $431.51 million. Analysts predict that Informatica Inc. will post 0.56 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, CEO Amit Walia sold 85,996 shares of Informatica stock in a transaction that occurred on Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the sale, the chief executive officer now directly owns 2,537,995 shares of the company’s stock, valued at $86,647,149.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP John Arthur Schweitzer sold 5,952 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $33.87, for a total value of $201,594.24. Following the sale, the executive vice president now owns 490,902 shares of the company’s stock, valued at approximately $16,626,850.74. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Amit Walia sold 85,996 shares of the stock in a transaction dated Thursday, February 15th. The stock was sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the sale, the chief executive officer now owns 2,537,995 shares of the company’s stock, valued at approximately $86,647,149.30. The disclosure for this sale can be found here. Insiders sold a total of 167,683 shares of company stock worth $5,564,047 over the last quarter. Company insiders own 53.90% of the company’s stock.

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.