Mirae Asset Global Investments Co. Ltd. Has $3.76 Million Stock Holdings in Informatica Inc. (NYSE:INFA)

Mirae Asset Global Investments Co. Ltd. grew its position in shares of Informatica Inc. (NYSE:INFA) by 37.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 132,470 shares of the technology company’s stock after acquiring 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 reporting period.

A number of other large investors have also recently bought and sold shares of INFA. Wellington Management Group LLP lifted its position in shares of Informatica by 30.5% in the first quarter. Wellington Management Group LLP now owns 8,339,728 shares of the technology company’s stock worth $164,626,000 after purchasing an additional 1,949,022 shares in the last quarter. Vanguard Group Inc. increased its stake in Informatica by 1.0% in the 3rd quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock valued at $88,702,000 after buying an additional 42,582 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its position in Informatica by 13.8% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 1,308,984 shares of the technology company’s stock worth $21,468,000 after buying an additional 159,066 shares in the last quarter. Kennedy Capital Management LLC boosted its stake in shares of Informatica by 32.5% during the 3rd quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after buying an additional 297,289 shares during the last quarter. Finally, Shannon River Fund Management LLC grew its holdings in shares of Informatica by 44.9% in the 3rd quarter. Shannon River Fund Management LLC now owns 810,391 shares of the technology company’s stock valued at $17,075,000 after acquiring an additional 250,935 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Stock Down 2.7 %

INFA stock opened at $35.01 on Wednesday. Informatica Inc. has a 1-year low of $13.29 and a 1-year high of $39.80. The business’s 50 day simple moving average is $33.99 and its 200 day simple moving average is $28.55. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 0.82. The firm has a market capitalization of $10.33 billion, a PE ratio of -76.11, a PEG ratio of 8.19 and a beta of 1.08.

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

Analyst Upgrades and Downgrades

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

Insider Transactions at Informatica

In related 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 transaction, the executive vice president now owns 490,902 shares in the company, valued at approximately $16,626,850.74. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total transaction of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, 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 transaction of $201,594.24. Following the completion of the transaction, the executive vice president now owns 490,902 shares in the company, valued at $16,626,850.74. The disclosure for this sale can be found here. In the last 90 days, insiders sold 167,683 shares of company stock worth $5,564,047. 53.90% of the stock is owned by insiders.

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.