US Bancorp DE Trims Position in Informatica Inc. (NYSE:INFA)

US Bancorp DE decreased its holdings in shares of Informatica Inc. (NYSE:INFA) by 17.1% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 8,748 shares of the technology company’s stock after selling 1,802 shares during the period. US Bancorp DE’s holdings in Informatica were worth $227,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of INFA. Wellington Management Group LLP raised its position in Informatica by 29.9% during the 3rd quarter. Wellington Management Group LLP now owns 11,564,047 shares of the technology company’s stock worth $292,339,000 after buying an additional 2,662,379 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company’s stock valued at $37,519,000 after acquiring an additional 1,324,006 shares during the last quarter. Allspring Global Investments Holdings LLC grew its holdings in Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock valued at $209,075,000 after buying an additional 1,168,158 shares in the last quarter. Geode Capital Management LLC increased its position in Informatica by 34.5% during the third quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company’s stock worth $30,677,000 after purchasing an additional 311,003 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its holdings in Informatica by 62.9% in the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock valued at $15,571,000 after acquiring an additional 237,876 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research analysts have commented on INFA shares. Robert W. Baird restated a “neutral” rating and set a $19.00 price target (down from $35.00) on shares of Informatica in a research note on Friday, February 14th. The Goldman Sachs Group lowered shares of Informatica from a “buy” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a “buy” rating to a “hold” rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Finally, Cantor Fitzgerald began coverage on shares of Informatica in a report on Friday, January 17th. They set a “neutral” rating and a $29.00 price objective on the stock. Twelve research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus price target of $24.67.

Informatica Stock Performance

Informatica stock opened at $18.37 on Friday. The stock has a 50-day simple moving average of $22.80 and a 200 day simple moving average of $24.81. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80. The stock has a market capitalization of $5.56 billion, a price-to-earnings ratio of 612.67, a P/E/G ratio of 4.44 and a beta of 1.05.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. On average, research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 10,734 shares of Informatica stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.05, for a total transaction of $290,354.70. Following the completion of the sale, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. This trade represents a 2.94 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CAO Mark Pellowski sold 10,035 shares of the firm’s stock in a transaction on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares in the company, valued at $3,747,187.62. The trade was a 6.76 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 32,272 shares of company stock valued at $771,026 in the last ninety days. 48.10% of the stock is currently owned by corporate insiders.

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.