Rhumbline Advisers Has $1.72 Million Stake in Informatica Inc. (NYSE:INFA)

Rhumbline Advisers increased its position in Informatica Inc. (NYSE:INFA) by 20.0% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 55,816 shares of the technology company’s stock after purchasing an additional 9,321 shares during the period. Rhumbline Advisers’ holdings in Informatica were worth $1,724,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in INFA. First Horizon Advisors Inc. purchased a new stake in Informatica in the 2nd quarter worth approximately $32,000. ORG Partners LLC purchased a new stake in Informatica in the 1st quarter worth approximately $43,000. Summit Securities Group LLC purchased a new stake in Informatica in the 2nd quarter worth approximately $46,000. Quarry LP lifted its position in Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after buying an additional 1,482 shares in the last quarter. Finally, CIBC Asset Management Inc purchased a new stake in Informatica in the 2nd quarter worth approximately $216,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INFA. Robert W. Baird cut their target price on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research note on Tuesday, June 25th. Citigroup reduced their price objective on shares of Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Finally, Scotiabank cut their target price on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $32.55.

Insider Activity at Informatica

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

Informatica Price Performance

Shares of INFA stock opened at $25.46 on Friday. The firm’s 50 day moving average is $24.56 and its 200-day moving average is $29.30. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The firm has a market capitalization of $7.51 billion, a price-to-earnings ratio of -1,273.00, a PEG ratio of 5.14 and a beta of 1.06. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77.

Informatica (NYSE:INFA) last issued its earnings results on Tuesday, July 30th. The technology company reported $0.23 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 in the prior year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts forecast that Informatica Inc. will post 0.5 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.