Mitsubishi UFJ Asset Management Co. Ltd. Lowers Position in Informatica Inc. (NYSE:INFA)

Mitsubishi UFJ Asset Management Co. Ltd. cut its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 10.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor 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.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Zions Bancorporation N.A. lifted its holdings in Informatica by 23.6% in the fourth quarter. Zions Bancorporation N.A. now owns 95,781 shares of the technology company's stock valued at $2,484,000 after acquiring an additional 18,260 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of Informatica in the 4th quarter worth $807,000. Horrell Capital Management Inc. bought a new stake in Informatica during the fourth quarter valued at about $4,408,000. Vanguard Group Inc. lifted its position in shares of Informatica by 28.6% during the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares in the last quarter. Finally, LPL Financial LLC grew its stake in shares of Informatica by 23.5% during the 4th quarter. LPL Financial LLC now owns 107,444 shares of the technology company's stock valued at $2,638,000 after acquiring an additional 20,410 shares during the period. 98.45% of the stock is owned by institutional investors.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 48.10% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on INFA shares. Guggenheim restated a "buy" rating and set a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. Robert W. Baird restated a "neutral" rating and issued a $19.00 price objective (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. The Goldman Sachs Group cut Informatica from a "buy" rating to a "neutral" rating and lowered their price target for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Finally, Bank of America lowered shares of Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target of $24.67.

Informatica Trading Down 1.6 %

INFA stock traded down $0.27 during trading on Friday, hitting $16.70. The company had a trading volume of 2,601,285 shares, compared to its average volume of 2,080,181. Informatica Inc. has a 52-week low of $16.25 and a 52-week high of $39.80. The company has a 50 day simple moving average of $20.57 and a 200-day simple moving average of $24.04. The firm has a market capitalization of $5.05 billion, a P/E ratio of 556.69, a PEG ratio of 4.44 and a beta of 1.06. 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 - Get Free Report) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). The firm had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. As a group, research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

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.