Informatica Inc. (NYSE:INFA) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP raised its holdings in Informatica Inc. (NYSE:INFA) by 10.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,720,552 shares of the technology company’s stock after buying an additional 883,642 shares during the period. Wellington Management Group LLP owned about 3.29% of Informatica worth $275,966,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of INFA. Fuller & Thaler Asset Management Inc. acquired a new stake in shares of Informatica during the third quarter worth about $14,375,000. Kennedy Capital Management LLC increased its position in shares of Informatica by 32.5% during the third quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after purchasing an additional 297,289 shares in the last quarter. Shannon River Fund Management LLC increased its position in shares of Informatica by 44.9% during the third quarter. Shannon River Fund Management LLC now owns 810,391 shares of the technology company’s stock worth $17,075,000 after purchasing an additional 250,935 shares in the last quarter. Exchange Traded Concepts LLC acquired a new stake in shares of Informatica during the fourth quarter worth about $2,091,000. Finally, Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Informatica by 26.4% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 239,445 shares of the technology company’s stock worth $5,045,000 after purchasing an additional 50,051 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Price Performance

Shares of INFA opened at $29.92 on Tuesday. Informatica Inc. has a twelve month low of $17.46 and a twelve month high of $39.80. The stock’s 50 day moving average is $31.11 and its two-hundred day moving average is $31.04. The firm has a market capitalization of $8.83 billion, a PE ratio of -1,496.00, a P/E/G ratio of 7.39 and a beta of 1.06. The company has a current ratio of 1.90, a quick ratio of 1.90 and a debt-to-equity ratio of 0.80.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, May 1st. The technology company reported $0.06 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Informatica had a net margin of 0.03% and a return on equity of 5.31%. The business had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. Research analysts anticipate that Informatica Inc. will post 0.52 earnings per share for the current year.

Insider Activity

In other news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the completion of the sale, the chief accounting officer now directly owns 150,937 shares in the company, valued at approximately $5,359,772.87. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, EVP John Arthur Schweitzer sold 65,891 shares of Informatica stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the sale, the executive vice president now directly owns 481,011 shares in the company, valued at approximately $17,075,890.50. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction that occurred on Monday, April 15th. The shares were sold at an average price of $35.51, for a total transaction of $356,023.26. Following the sale, the chief accounting officer now owns 150,937 shares of the company’s stock, valued at $5,359,772.87. The disclosure for this sale can be found here. In the last three months, insiders sold 171,518 shares of company stock worth $5,425,518. Company insiders own 48.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on INFA shares. Royal Bank of Canada reiterated an “outperform” rating and set a $41.00 target price on shares of Informatica in a research report on Thursday, May 23rd. Guggenheim reissued a “buy” rating and set a $37.00 price target on shares of Informatica in a report on Tuesday, April 23rd. Robert W. Baird started coverage on Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price target on the stock. Finally, Wells Fargo & Company lowered their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a report on Tuesday, April 23rd. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, Informatica has a consensus rating of “Moderate Buy” and an average price target of $35.45.

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.