Arizona State Retirement System Acquires 4,290 Shares of Informatica Inc. (NYSE:INFA)

Arizona State Retirement System grew its holdings in Informatica Inc. (NYSE:INFA) by 31.6% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 17,881 shares of the technology company’s stock after acquiring an additional 4,290 shares during the period. Arizona State Retirement System’s holdings in Informatica were worth $552,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Swiss National Bank raised its position in Informatica by 35.2% in the first quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock worth $3,416,000 after acquiring an additional 25,400 shares during the period. Allspring Global Investments Holdings LLC boosted its stake in shares of Informatica by 78,094.4% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock worth $44,473,000 after purchasing an additional 1,269,034 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Informatica during the 1st quarter worth about $4,162,000. ClariVest Asset Management LLC purchased a new stake in Informatica in the 1st quarter valued at about $1,933,000. Finally, Meridian Wealth Management LLC purchased a new stake in Informatica in the 4th quarter valued at about $215,000. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

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

Informatica Price Performance

Shares of INFA opened at $25.63 on Tuesday. Informatica Inc. has a 1-year low of $18.71 and a 1-year high of $39.80. The stock has a market cap of $7.56 billion, a PE ratio of -1,281.50, a P/E/G ratio of 5.14 and a beta of 1.06. The firm has a 50-day simple moving average of $24.80 and a two-hundred day simple moving average of $29.46. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The company had revenue of $400.63 million during the quarter, compared to the consensus estimate of $402.97 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, analysts forecast that Informatica Inc. will post 0.5 EPS for the current year.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on INFA shares. Scotiabank lowered 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 report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft lowered their price target on shares of Informatica from $39.00 to $36.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. The Goldman Sachs Group decreased their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a report on Wednesday, July 31st. Wells Fargo & Company decreased their price objective on shares of Informatica from $40.00 to $32.00 and set an “overweight” rating on the stock in a report on Wednesday, July 31st. Finally, UBS Group reduced their target price on shares of Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. Four analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, Informatica presently has an average rating of “Moderate Buy” and an average price target 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.