Mitsubishi UFJ Asset Management Co. Ltd. Has $3.56 Million Stock Position in Informatica Inc. (NYSE:INFA)

Mitsubishi UFJ Asset Management Co. Ltd. lessened its position in shares of Informatica Inc. (NYSE:INFA) by 10.1% during the 4th quarter, HoldingsChannel reports. The fund owned 134,372 shares of the technology company’s stock after selling 15,173 shares during the quarter. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Informatica were worth $3,561,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in the company. PNC Financial Services Group Inc. lifted its position in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after purchasing an additional 667 shares during the period. ORG Wealth Partners LLC acquired a new position in Informatica in the fourth quarter valued at approximately $32,000. KBC Group NV lifted its holdings in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after buying an additional 1,325 shares during the period. Pacer Advisors Inc. grew its holdings in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock worth $159,000 after acquiring an additional 1,437 shares during the period. Finally, Cooper Financial Group lifted its stake in shares of Informatica by 6.6% in the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock valued at $628,000 after purchasing an additional 1,504 shares during the period. Institutional investors own 98.45% of the company’s stock.

Informatica Price Performance

NYSE INFA opened at $17.68 on Wednesday. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80. The firm’s 50 day moving average is $21.02 and its 200-day moving average is $24.21. The company has a market capitalization of $5.35 billion, a PE ratio of 589.43, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing the consensus estimate of $0.38 by ($0.17). The business had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Equities research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. UBS Group dropped their price objective on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a report on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Truist Financial restated a “buy” rating and set a $24.00 price objective (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Finally, The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating and cut their target price for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Informatica presently has a consensus rating of “Hold” and an average price target of $24.67.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Insiders own 48.10% of the company’s stock.

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.