Amalgamated Bank Boosts Stock Position in Informatica Inc. (NYSE:INFA)

Amalgamated Bank lifted its position in shares of Informatica Inc. (NYSE:INFA) by 42.1% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,498 shares of the technology company’s stock after buying an additional 1,037 shares during the quarter. Amalgamated Bank’s holdings in Informatica were worth $108,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. acquired a new stake in Informatica during the second quarter worth about $32,000. ORG Partners LLC acquired a new position in Informatica during the 1st quarter worth approximately $43,000. Summit Securities Group LLC purchased a new position in Informatica in the 2nd quarter worth approximately $46,000. Quarry LP grew its holdings in Informatica by 186.9% during the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after purchasing an additional 1,482 shares in the last quarter. Finally, CIBC Asset Management Inc bought a new stake in shares of Informatica in the second quarter worth $216,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Informatica

In related news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the transaction, the chief accounting officer now owns 146,804 shares in the company, valued at $4,072,342.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $27.74, for a total transaction of $278,121.24. Following the completion of the sale, the chief accounting officer now owns 146,804 shares in the company, valued at $4,072,342.96. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the completion of the sale, the executive vice president now directly owns 437,348 shares of the company’s stock, valued at approximately $12,324,466.64. The disclosure for this sale can be found here. Corporate insiders own 48.10% of the company’s stock.

Informatica Stock Performance

INFA opened at $23.98 on Wednesday. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The stock’s 50 day simple moving average is $24.54 and its 200-day simple moving average is $28.95. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The stock has a market cap of $7.08 billion, a PE ratio of -1,199.00, a P/E/G ratio of 5.13 and a beta of 1.06.

Informatica (NYSE:INFA) last posted its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The business had revenue of $400.63 million during the quarter, compared to the consensus estimate of $402.97 million. During the same period in the previous year, the firm posted $0.02 earnings per share. Informatica’s revenue for the quarter was up 6.6% compared to the same quarter last year. Sell-side analysts forecast that Informatica Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on the company. Scotiabank dropped their target price on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Citigroup lowered their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating on the stock in a research report on Tuesday, July 30th. Guggenheim reiterated a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Tuesday, June 25th. Royal Bank of Canada reaffirmed an “outperform” rating and issued a $35.00 price objective on shares of Informatica in a research note on Wednesday, July 31st. Finally, Robert W. Baird lowered their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Informatica currently has an average rating of “Moderate Buy” and an average price target of $32.55.

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.