Nippon Life Global Investors Americas Inc. purchased a new position in Informatica Inc. (NYSE:INFA – Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 349,940 shares of the technology company’s stock, valued at approximately $10,806,000. Nippon Life Global Investors Americas Inc. owned approximately 0.12% of Informatica at the end of the most recent reporting period.
Other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. purchased a new position in Informatica in the second quarter valued at about $32,000. ORG Partners LLC bought a new stake in shares of Informatica in the 1st quarter valued at approximately $43,000. Summit Securities Group LLC acquired a new position in Informatica in the second quarter worth approximately $46,000. Quarry LP raised its position in Informatica by 186.9% during the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,482 shares in the last quarter. Finally, Amalgamated Bank raised its position in Informatica by 42.1% during the second quarter. Amalgamated Bank now owns 3,498 shares of the technology company’s stock valued at $108,000 after acquiring an additional 1,037 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.
Informatica Price Performance
Shares of NYSE:INFA opened at $25.48 on Monday. The company has a market cap of $7.52 billion, a price-to-earnings ratio of -1,274.00, a PEG ratio of 5.14 and a beta of 1.06. The business has a 50 day moving average price of $24.56 and a 200 day moving average price of $29.27. The company has a quick ratio of 2.03, a current ratio of 2.03 and a debt-to-equity ratio of 0.77. Informatica Inc. has a twelve month low of $18.71 and a twelve month high of $39.80.
Insiders Place Their Bets
In other news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the sale, the chief accounting officer now owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $28.18, for a total value of $1,817,638.18. Following the completion of the transaction, the executive vice president now owns 437,348 shares of the company’s stock, valued at $12,324,466.64. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.
Analysts Set New Price Targets
Several analysts have commented on INFA shares. The Goldman Sachs Group decreased their target price on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Scotiabank lowered their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a research report on Tuesday, June 25th. Royal Bank of Canada reiterated an “outperform” rating and set a $35.00 price target on shares of Informatica in a research note on Wednesday, July 31st. Finally, Robert W. Baird reduced their target price on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.55.
Read Our Latest Stock Analysis on Informatica
About Informatica
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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