Nomura Holdings Inc. Buys Shares of 3,144,634 Informatica Inc. $INFA

Nomura Holdings Inc. bought a new position in Informatica Inc. (NYSE:INFA) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm bought 3,144,634 shares of the technology company’s stock, valued at approximately $76,572,000. Nomura Holdings Inc. owned 1.04% of Informatica as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LPL Financial LLC raised its stake in Informatica by 9.1% during the 1st quarter. LPL Financial LLC now owns 117,203 shares of the technology company’s stock worth $1,944,000 after buying an additional 9,759 shares during the period. Deutsche Bank AG raised its position in shares of Informatica by 126.1% during the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company’s stock worth $52,000 after purchasing an additional 1,660 shares during the period. Swiss National Bank raised its position in shares of Informatica by 59.1% during the first quarter. Swiss National Bank now owns 202,500 shares of the technology company’s stock worth $3,534,000 after purchasing an additional 75,200 shares during the period. Invesco Ltd. lifted its holdings in shares of Informatica by 37.4% during the 1st quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company’s stock valued at $62,957,000 after purchasing an additional 981,237 shares in the last quarter. Finally, Nuveen LLC acquired a new position in shares of Informatica in the 1st quarter valued at approximately $2,364,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analysts Set New Price Targets

Separately, Weiss Ratings restated a “sell (d+)” rating on shares of Informatica in a report on Thursday, November 13th. Sixteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Informatica presently has an average rating of “Reduce” and a consensus price target of $23.67.

Informatica Price Performance

NYSE:INFA opened at $24.79 on Friday. The stock has a 50-day simple moving average of $24.83 and a 200 day simple moving average of $24.65. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $27.88. The company has a current ratio of 2.16, a quick ratio of 2.16 and a debt-to-equity ratio of 0.73.

Informatica (NYSE:INFA) last released its quarterly earnings results on Wednesday, November 5th. The technology company reported $0.37 earnings per share for the quarter, topping analysts’ consensus estimates of $0.34 by $0.03. Informatica had a return on equity of 5.51% and a net margin of 0.62%.The firm had revenue of $439.16 million during the quarter, compared to the consensus estimate of $437.21 million. During the same quarter in the prior year, the firm posted $0.28 EPS. The business’s revenue was up 3.9% on a year-over-year basis. As a group, sell-side analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 10,193 shares of Informatica stock in a transaction on Wednesday, October 15th. The shares were sold at an average price of $24.89, for a total value of $253,703.77. Following the sale, the executive vice president directly owned 309,204 shares in the company, valued at approximately $7,696,087.56. The trade was a 3.19% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 2.80% of the company’s stock.

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.