American Century Companies Inc. Makes New Investment in Informatica Inc. (NYSE:INFA)

American Century Companies Inc. acquired a new position in Informatica Inc. (NYSE:INFA) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 9,383 shares of the technology company’s stock, valued at approximately $290,000.

A number of other large investors have also modified their holdings of the company. Arizona State Retirement System raised its position in shares of Informatica by 31.6% during the 2nd quarter. Arizona State Retirement System now owns 17,881 shares of the technology company’s stock worth $552,000 after purchasing an additional 4,290 shares during the last quarter. Fiera Capital Corp grew its stake in Informatica by 439.2% during the 2nd quarter. Fiera Capital Corp now owns 1,554,592 shares of the technology company’s stock valued at $48,006,000 after acquiring an additional 1,266,265 shares in the last quarter. Rhumbline Advisers grew its stake in Informatica by 20.0% during the 2nd quarter. Rhumbline Advisers now owns 55,816 shares of the technology company’s stock valued at $1,724,000 after acquiring an additional 9,321 shares in the last quarter. CIBC Asset Management Inc purchased a new stake in Informatica during the 2nd quarter valued at about $216,000. Finally, Natixis Advisors LLC purchased a new stake in Informatica during the 2nd quarter valued at about $839,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s 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 sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other news, EVP John Arthur Schweitzer sold 64,501 shares of the firm’s 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 sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction 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 sale, the chief accounting officer now owns 146,804 shares in the company, valued at $4,072,342.96. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Informatica Stock Performance

NYSE:INFA opened at $25.41 on Friday. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. The stock has a market capitalization of $7.50 billion, a P/E ratio of -1,270.50, a PEG ratio of 5.13 and a beta of 1.06. The company has a 50 day moving average price of $24.54 and a 200 day moving average price of $28.75. Informatica Inc. has a fifty-two week low of $18.71 and a fifty-two week high of $39.80.

Informatica (NYSE:INFA) last posted its quarterly earnings data 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. The firm had revenue of $400.63 million during the quarter, compared to analysts’ expectations of $402.97 million. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter last year, the company posted $0.02 EPS. Equities research analysts forecast that Informatica Inc. will post 0.5 EPS for the current year.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on INFA shares. Robert W. Baird dropped their price objective on shares of Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a research note on Wednesday, July 31st. The Goldman Sachs Group dropped their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research note on Wednesday, July 31st. UBS Group dropped their price objective on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research note on Wednesday, July 31st. Guggenheim reissued a “buy” rating and issued a $37.00 price target on shares of Informatica in a research note on Tuesday, June 25th. Finally, Scotiabank dropped their price target on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a research note on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.55.

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.