PNC Financial Services Group Inc. Purchases 667 Shares of Informatica Inc. (NYSE:INFA)

PNC Financial Services Group Inc. increased its position in shares of Informatica Inc. (NYSE:INFA) by 35.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,556 shares of the technology company’s stock after buying an additional 667 shares during the period. PNC Financial Services Group Inc.’s holdings in Informatica were worth $66,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Natixis Advisors LLC grew its stake in shares of Informatica by 65.2% in the third quarter. Natixis Advisors LLC now owns 44,874 shares of the technology company’s stock valued at $1,134,000 after acquiring an additional 17,718 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Informatica by 62.9% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after purchasing an additional 237,876 shares during the period. Quantbot Technologies LP acquired a new position in shares of Informatica during the 3rd quarter worth approximately $232,000. FMR LLC increased its holdings in shares of Informatica by 555.6% during the third quarter. FMR LLC now owns 8,182 shares of the technology company’s stock worth $207,000 after purchasing an additional 6,934 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund raised its position in shares of Informatica by 3,143.1% in the third quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,275 shares of the technology company’s stock valued at $538,000 after buying an additional 20,619 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts have weighed in on INFA shares. Bank of America cut Informatica from a “buy” rating to a “neutral” rating in a report on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft cut shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $38.00 to $20.00 in a research report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $24.67.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now owns 328,799 shares of the company’s stock, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 48.10% of the stock is owned by corporate insiders.

Informatica Price Performance

Shares of Informatica stock opened at $18.80 on Thursday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 52-week low of $16.37 and a 52-week high of $39.80. The company has a fifty day moving average of $21.55 and a 200-day moving average of $24.42. The stock has a market capitalization of $5.69 billion, a price-to-earnings ratio of 626.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last issued its earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). The firm had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. Equities research analysts expect that Informatica Inc. will post 0.63 EPS for the current year.

Informatica 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.