Sumitomo Mitsui DS Asset Management Company Ltd Has $231,000 Holdings in Informatica Inc. $INFA

Sumitomo Mitsui DS Asset Management Company Ltd reduced its stake in shares of Informatica Inc. (NYSE:INFA) by 47.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,492 shares of the technology company’s stock after selling 8,639 shares during the quarter. Sumitomo Mitsui DS Asset Management Company Ltd’s holdings in Informatica were worth $231,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Parallel Advisors LLC raised its stake in shares of Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after buying an additional 1,216 shares in the last quarter. Versant Capital Management Inc raised its stake in shares of Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after buying an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company’s stock valued at $44,000 after buying an additional 862 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock valued at $49,000 after buying an additional 2,642 shares in the last quarter. Finally, Deutsche Bank AG raised its stake in shares of Informatica by 126.1% in the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock valued at $52,000 after buying an additional 1,660 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Price Performance

Shares of INFA opened at $24.81 on Tuesday. The stock has a market capitalization of $7.56 billion, a P/E ratio of -620.30, a P/E/G ratio of 6.70 and a beta of 1.15. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14. The company has a 50 day moving average of $24.72 and a 200-day moving average of $22.01. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last released its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing the consensus estimate of $0.21 by ($0.03). Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The firm had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. During the same period in the prior year, the business posted $0.23 earnings per share. Informatica’s quarterly revenue was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In related news, Director Gerald Held sold 70,212 shares of the firm’s stock in a transaction on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $1,750,385.16. Following the completion of the transaction, the director directly owned 198,845 shares of the company’s stock, valued at approximately $4,957,205.85. This trade represents a 26.10% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce R. Chizen sold 246,590 shares of Informatica stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $6,147,488.70. Following the transaction, the insider directly owned 368,874 shares of the company’s stock, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 441,818 shares of company stock valued at $10,965,526 over the last three months. Corporate insiders own 2.80% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INFA. Robert W. Baird increased their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a “neutral” rating in a research note on Wednesday, May 28th. Truist Financial lowered shares of Informatica from a “strong-buy” rating to a “hold” rating and upped their target price for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Wells Fargo & Company upped their target price on shares of Informatica from $19.00 to $25.00 and gave the stock an “equal weight” rating in a report on Wednesday, May 28th. Finally, Guggenheim lowered shares of Informatica from a “buy” rating to a “neutral” rating and set a $27.00 target price on the stock. in a report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Hold rating, According to MarketBeat, Informatica currently has an average rating of “Hold” and an average target price of $23.67.

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.