Vontobel Holding Ltd. Acquires 7,000 Shares of Informatica Inc. (NYSE:INFA)

Vontobel Holding Ltd. boosted its holdings in Informatica Inc. (NYSE:INFA) by 18.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 45,606 shares of the technology company’s stock after acquiring an additional 7,000 shares during the period. Vontobel Holding Ltd.’s holdings in Informatica were worth $1,153,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of INFA. Bank of Montreal Can bought a new stake in shares of Informatica during the 2nd quarter valued at $2,442,000. Swiss National Bank grew its stake in Informatica by 35.2% during the first quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock worth $3,416,000 after buying an additional 25,400 shares in the last quarter. Allspring Global Investments Holdings LLC increased its holdings in Informatica by 78,094.4% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock valued at $44,473,000 after buying an additional 1,269,034 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Informatica in the 1st quarter valued at approximately $4,162,000. Finally, Fred Alger Management LLC lifted its holdings in shares of Informatica by 63.3% during the 2nd quarter. Fred Alger Management LLC now owns 794,084 shares of the technology company’s stock worth $24,521,000 after acquiring an additional 307,803 shares during the period. Institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on INFA shares. UBS Group decreased their price objective on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 31st. Citigroup lowered their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a report on Tuesday, July 30th. Robert W. Baird reduced their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research note on Wednesday, July 31st. Wells Fargo & Company lowered their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Finally, Royal Bank of Canada reissued an “outperform” rating and issued a $35.00 target price on shares of Informatica in a report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has an average rating of “Moderate Buy” and an average target price of $32.55.

Informatica Stock Down 0.6 %

Shares of NYSE INFA opened at $26.83 on Monday. The company has a 50 day simple moving average of $25.05 and a 200 day simple moving average of $28.00. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The firm has a market cap of $7.92 billion, a PE ratio of -1,341.50, a price-to-earnings-growth ratio of 5.20 and a beta of 1.06.

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

Insider Buying and Selling at Informatica

In other news, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction dated Tuesday, October 15th. The stock was sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the transaction, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $268,295.76. Following the completion of the sale, the chief accounting officer now directly owns 142,671 shares in the company, valued at $3,817,875.96. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 8,501 shares of the business’s stock in a transaction on Tuesday, October 15th. The shares were sold at an average price of $26.76, for a total transaction of $227,486.76. Following the completion of the transaction, the executive vice president now owns 393,686 shares in the company, valued at approximately $10,535,037.36. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate 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.