Informatica Inc. (NYSE:INFA) Shares Acquired by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Informatica Inc. (NYSE:INFA) by 23.0% during the fourth quarter, HoldingsChannel.com reports. The firm owned 757,883 shares of the technology company’s stock after purchasing an additional 141,925 shares during the period. Charles Schwab Investment Management Inc.’s holdings in Informatica were worth $19,652,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. ORG Wealth Partners LLC acquired a new stake in Informatica in the 4th quarter valued at about $32,000. Quarry LP acquired a new stake in Informatica in the 3rd quarter valued at about $38,000. National Bank of Canada FI grew its stake in Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in Informatica in the 4th quarter valued at about $54,000. Finally, KBC Group NV grew its stake in Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after acquiring an additional 1,325 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

INFA has been the topic of a number of research reports. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th. Wedbush cut shares of Informatica to a “neutral” rating in a research note on Friday, February 14th. Cantor Fitzgerald began coverage on shares of Informatica in a research note on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective on the stock. Wells Fargo & Company lowered shares of Informatica from a “buy” rating to an “equal weight” rating in a report on Friday, February 14th. Finally, Robert W. Baird restated a “neutral” rating and issued a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica currently has an average rating of “Hold” and a consensus price target of $24.67.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 48.10% of the company’s stock.

Informatica Trading Down 0.8 %

Shares of INFA stock opened at $18.22 on Thursday. The firm has a market cap of $5.51 billion, a P/E ratio of 607.37, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 1-year low of $16.37 and a 1-year high of $39.80. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The firm’s 50-day simple moving average is $22.18 and its 200-day simple moving average is $24.63.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.38 by ($0.17). The company had revenue of $428.31 million for the quarter, compared to analysts’ expectations of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. As a group, equities analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

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.