BNP Paribas Financial Markets Takes $3.65 Million Position in Informatica Inc. (NYSE:INFA)

BNP Paribas Financial Markets bought a new position in shares of Informatica Inc. (NYSE:INFA) in the fourth quarter, HoldingsChannel reports. The firm bought 140,779 shares of the technology company’s stock, valued at approximately $3,650,000.

Other large investors have also bought and sold shares of the company. New Age Alpha Advisors LLC bought a new stake in Informatica during the 4th quarter worth approximately $43,000. FNY Investment Advisers LLC acquired a new stake in shares of Informatica in the 4th quarter valued at approximately $54,000. PNC Financial Services Group Inc. lifted its holdings 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 last quarter. KBC Group NV lifted its holdings in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares during the last quarter. Finally, Aquatic Capital Management LLC acquired a new stake in Informatica during the 4th quarter valued at $88,000. 98.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on INFA shares. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research report on Friday, February 14th. Wedbush cut Informatica to a “neutral” rating in a research report on Friday, February 14th. DA Davidson decreased their price target on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Scotiabank raised their price target on Informatica from $18.00 to $19.00 and gave the stock a “sector perform” rating in a research report on Thursday, May 8th. Finally, Cantor Fitzgerald assumed coverage on Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Thirteen investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $23.62.

Informatica Stock Down 0.4%

Shares of NYSE INFA opened at $19.39 on Thursday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market cap of $5.87 billion, a price-to-earnings ratio of 646.55, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $31.65. The stock has a 50-day moving average price of $18.07 and a two-hundred day moving average price of $22.48.

Informatica (NYSE:INFA) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the prior year, the firm posted $0.22 earnings per share. The firm’s revenue was up 3.9% compared to the same quarter last year. As a group, analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Activity

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares of the company’s stock, valued at approximately $7,516,200.50. This represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 48.10% of the stock is currently 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.