Vanguard Group Inc. Grows Stock Position in Informatica Inc. (NYSE:INFA)

Vanguard Group Inc. increased its holdings in Informatica Inc. (NYSE:INFA) by 26.1% during the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 5,308,121 shares of the technology company’s stock after acquiring an additional 1,098,246 shares during the quarter. Vanguard Group Inc.’s holdings in Informatica were worth $150,698,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently added to or reduced their stakes in the business. Mirae Asset Global Investments Co. Ltd. increased its position in Informatica by 37.0% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company’s stock worth $3,761,000 after buying an additional 35,788 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Informatica by 73.3% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 11,075 shares of the technology company’s stock worth $314,000 after acquiring an additional 4,685 shares during the period. Tudor Investment Corp Et Al raised its stake in Informatica by 34.0% during the 3rd quarter. Tudor Investment Corp Et Al now owns 183,227 shares of the technology company’s stock worth $3,861,000 after acquiring an additional 46,520 shares during the period. GAMMA Investing LLC purchased a new position in Informatica during the fourth quarter valued at approximately $39,000. Finally, Meridian Wealth Management LLC bought a new position in shares of Informatica in the fourth quarter worth approximately $215,000. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The stock was sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the sale, the executive vice president now directly owns 509,381 shares in the company, valued at $14,547,921.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the transaction, the executive vice president now directly owns 509,381 shares of the company’s stock, valued at $14,547,921.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the transaction, the executive vice president now owns 481,011 shares in the company, valued at approximately $17,075,890.50. The disclosure for this sale can be found here. Over the last quarter, insiders sold 171,518 shares of company stock worth $5,425,518. Corporate insiders own 48.10% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on INFA shares. Royal Bank of Canada restated an “outperform” rating and set a $41.00 target price on shares of Informatica in a research note on Thursday, May 23rd. Guggenheim restated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research report on Tuesday, June 25th. Robert W. Baird assumed coverage on Informatica in a research report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 target price for the company. Finally, Wells Fargo & Company lowered their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $35.45.

Informatica Stock Down 0.2 %

NYSE INFA opened at $30.44 on Friday. The stock has a 50 day moving average price of $29.88 and a 200-day moving average price of $31.25. Informatica Inc. has a one year low of $17.58 and a one year high of $39.80. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.90 and a current ratio of 1.90. The company has a market capitalization of $8.98 billion, a P/E ratio of -1,522.00, a P/E/G ratio of 7.60 and a beta of 1.07.

Informatica (NYSE:INFA) last released its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The business had revenue of $388.61 million for the quarter, compared to analysts’ expectations of $384.97 million. As a group, equities analysts predict that Informatica Inc. will post 0.52 EPS for the current fiscal year.

About Informatica

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.