Apis Capital Advisors LLC Purchases 17,000 Shares of Informatica Inc. (NYSE:INFA)

Apis Capital Advisors LLC raised its position in shares of Informatica Inc. (NYSE:INFA) by 15.0% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,000 shares of the technology company’s stock after purchasing an additional 17,000 shares during the period. Informatica comprises 3.0% of Apis Capital Advisors LLC’s portfolio, making the stock its 14th biggest position. Apis Capital Advisors LLC’s holdings in Informatica were worth $4,014,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Swiss National Bank lifted its position in shares of 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 boosted its position in 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 valued at $44,473,000 after acquiring an additional 1,269,034 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Informatica during the 1st quarter valued at $4,162,000. ClariVest Asset Management LLC purchased a new position in shares of Informatica in the 1st quarter valued at $1,933,000. Finally, Quadrature Capital Ltd bought a new position in shares of Informatica in the 4th quarter worth $757,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Informatica

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

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on INFA shares. Scotiabank dropped their price objective on Informatica from $33.00 to $27.00 and set a “sector perform” rating on the stock in a research report on Wednesday, July 31st. Royal Bank of Canada restated an “outperform” rating and issued a $35.00 price target on shares of Informatica in a report on Wednesday, July 31st. Guggenheim reaffirmed a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Tuesday, June 25th. Robert W. Baird reduced their price target on Informatica from $43.00 to $35.00 and set an “outperform” rating on the stock in a research report on Wednesday, July 31st. Finally, Deutsche Bank Aktiengesellschaft lowered their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Four equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, Informatica currently has an average rating of “Moderate Buy” and a consensus target price of $32.55.

Informatica Stock Performance

Shares of INFA opened at $25.48 on Monday. The stock has a 50-day moving average of $24.56 and a two-hundred day moving average of $29.27. 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 cap 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 Inc. has a one year low of $18.71 and a one year high of $39.80.

Informatica (NYSE:INFA) last released its earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Informatica had a return on equity of 6.16% and a net margin of 9.60%. 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 previous year, the company posted $0.02 earnings per share. The company’s revenue was up 6.6% compared to the same quarter last year. As a group, research analysts predict that Informatica Inc. will post 0.5 EPS for the current 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.