Nippon Life Global Investors Americas Inc. Buys Shares of 349,940 Informatica Inc. (NYSE:INFA)

Nippon Life Global Investors Americas Inc. purchased a new position in Informatica Inc. (NYSE:INFA) 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.

Informatica (NYSE:INFA) last posted its quarterly earnings data on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. The company had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. During the same period in the prior year, the business earned $0.02 earnings per share. Informatica’s revenue for the quarter was up 6.6% compared to the same quarter last year. Research analysts predict that Informatica Inc. will post 0.5 earnings per share for the current year.

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.

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.