Swiss National Bank Purchases 2,400 Shares of Informatica Inc. (NYSE:INFA)

Swiss National Bank grew its position in Informatica Inc. (NYSE:INFA) by 1.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 127,300 shares of the technology company’s stock after acquiring an additional 2,400 shares during the period. Swiss National Bank’s holdings in Informatica were worth $3,301,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. ORG Wealth Partners LLC bought a new stake in Informatica in the 4th quarter valued at $32,000. Quarry LP bought a new position in shares of Informatica in the third quarter valued at about $38,000. National Bank of Canada FI lifted its stake in shares of Informatica by 3,288.0% during the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after buying an additional 1,644 shares during the last quarter. FNY Investment Advisers LLC acquired a new stake in shares of Informatica during the 4th quarter worth about $54,000. Finally, PNC Financial Services Group Inc. grew its stake in Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock valued at $66,000 after buying an additional 667 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Stock Performance

NYSE:INFA opened at $18.80 on Thursday. Informatica Inc. has a twelve month low of $16.37 and a twelve month high of $39.80. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock’s 50-day simple moving average is $21.55 and its 200 day simple moving average is $24.42. The firm has a market capitalization of $5.69 billion, a PE ratio of 626.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate 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 for the quarter, compared to the consensus estimate of $457.55 million. On average, analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction that occurred on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 48.10% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on INFA shares. Wedbush cut Informatica to a “neutral” rating in a report on Friday, February 14th. Royal Bank of Canada cut Informatica from an “outperform” rating to a “sector perform” rating and lowered their price objective for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Truist Financial reissued a “buy” rating and issued a $24.00 target price (down previously from $34.00) on shares of Informatica in a research report 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 target on the stock. in a research report on Friday, February 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 target price on the stock. Twelve investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $24.67.

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.