Oppenheimer Asset Management Inc. Takes $422,000 Position in Informatica Inc. (NYSE:INFA)

Oppenheimer Asset Management Inc. acquired a new position in shares of Informatica Inc. (NYSE:INFA) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 13,669 shares of the technology company’s stock, valued at approximately $422,000.

A number of other institutional investors have also recently bought and sold shares of INFA. Swiss National Bank boosted its stake in Informatica by 35.2% in the 1st quarter. Swiss National Bank now owns 97,600 shares of the technology company’s stock worth $3,416,000 after purchasing an additional 25,400 shares during the period. Allspring Global Investments Holdings LLC grew its holdings in shares of Informatica by 78,094.4% during the first quarter. Allspring Global Investments Holdings LLC now owns 1,270,659 shares of the technology company’s stock worth $44,473,000 after buying an additional 1,269,034 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Informatica in the 1st quarter valued at approximately $4,162,000. ClariVest Asset Management LLC bought a new stake in Informatica in the 1st quarter valued at approximately $1,933,000. Finally, Quadrature Capital Ltd acquired a new position in Informatica during the 4th quarter worth approximately $757,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Activity at Informatica

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

Wall Street Analyst Weigh In

A number of analysts have recently commented on the stock. The Goldman Sachs Group cut their price objective on shares of Informatica from $44.00 to $38.00 and set a “buy” rating on the stock in a research report on Wednesday, July 31st. UBS Group reduced 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 restated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a report on Tuesday, June 25th. Scotiabank dropped their target price on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a report on Wednesday, July 31st. Finally, Citigroup decreased their price target on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research note on Tuesday, July 30th. Four research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $32.55.

Informatica Stock Performance

Shares of NYSE INFA opened at $25.48 on Friday. Informatica Inc. has a 12 month low of $18.71 and a 12 month high of $39.80. The stock has a 50 day moving average of $24.56 and a 200-day moving average of $29.29. The company has a current ratio of 2.03, a quick ratio of 2.03 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $7.52 billion, a P/E ratio of -1,274.00, a P/E/G ratio of 5.14 and a beta of 1.06.

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