The Manufacturers Life Insurance Company Raises Stock Holdings in Informatica Inc. (NYSE:INFA)

The Manufacturers Life Insurance Company increased its stake in shares of Informatica Inc. (NYSE:INFA) by 47.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,490 shares of the technology company’s stock after purchasing an additional 9,846 shares during the quarter. The Manufacturers Life Insurance Company’s holdings in Informatica were worth $791,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. New Age Alpha Advisors LLC purchased a new stake in shares of Informatica during the 4th quarter worth $43,000. FNY Investment Advisers LLC acquired a new position in Informatica during the 4th quarter valued at about $54,000. PNC Financial Services Group Inc. increased 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 buying an additional 667 shares in the last quarter. KBC Group NV increased its position 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 buying an additional 1,325 shares in the last quarter. Finally, Aquatic Capital Management LLC acquired a new position in Informatica during the 4th quarter valued at about $88,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on INFA. Scotiabank upped their target price on Informatica from $18.00 to $19.00 and gave the company a “sector perform” rating in a research report on Thursday, May 8th. Bank of America lowered Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Royal Bank of Canada reduced their target price on Informatica from $20.00 to $19.00 and set a “sector perform” rating on the stock in a research report on Thursday, May 8th. Wedbush lowered Informatica to a “neutral” rating in a research report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft lowered Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a report on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Informatica currently has an average rating of “Hold” and an average target price of $23.62.

Informatica Stock Down 0.4%

Shares of INFA opened at $19.39 on Thursday. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.87 billion, a price-to-earnings ratio of 646.55, a PEG ratio of 4.44 and a beta of 1.04. The stock’s 50-day moving average price is $18.07 and its 200-day moving average price is $22.48.

Informatica (NYSE:INFA) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The firm had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same quarter in the prior year, the business earned $0.22 earnings per share. The company’s revenue was up 3.9% compared to the same quarter last year. On average, sell-side analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Insider Transactions at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares in the company, valued at approximately $5,977,565.82. This represents a 3.38% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 48.10% 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.