Avantax Advisory Services Inc. Takes $207,000 Position in Informatica Inc. (NYSE:INFA)

Avantax Advisory Services Inc. purchased a new stake in Informatica Inc. (NYSE:INFA) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 7,996 shares of the technology company’s stock, valued at approximately $207,000.

A number of other large investors have also added to or reduced their stakes in the stock. Charles Schwab Investment Management Inc. lifted its position in Informatica by 62.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 615,958 shares of the technology company’s stock worth $15,571,000 after purchasing an additional 237,876 shares during the period. Quantbot Technologies LP bought a new stake in shares of Informatica during the 3rd quarter worth approximately $232,000. FMR LLC lifted its holdings in shares of Informatica by 555.6% during the 3rd quarter. FMR LLC now owns 8,182 shares of the technology company’s stock worth $207,000 after acquiring an additional 6,934 shares during the period. Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of Informatica by 3,143.1% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 21,275 shares of the technology company’s stock worth $538,000 after acquiring an additional 20,619 shares in the last quarter. Finally, Tybourne Capital Management HK Ltd. bought a new position in Informatica in the third quarter valued at approximately $1,484,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction 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 transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 48.10% of the stock is owned by corporate insiders.

Informatica Trading Down 1.2 %

Shares of NYSE INFA opened at $18.53 on Friday. The firm has a 50 day moving average price of $21.43 and a two-hundred day moving average price of $24.38. The stock has a market cap of $5.61 billion, a P/E ratio of 617.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 52-week low of $16.37 and a 52-week high of $39.80. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

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

Analysts Set New Price Targets

Several research firms have weighed in on INFA. Cantor Fitzgerald assumed coverage on Informatica in a research note on Friday, January 17th. They set a “neutral” rating and a $29.00 target price for the company. Royal Bank of Canada downgraded Informatica from an “outperform” rating to a “sector perform” rating and dropped their price objective for the stock from $35.00 to $19.00 in a research report on Friday, February 14th. Guggenheim reiterated a “buy” rating and issued a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. UBS Group lowered their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, February 14th. Finally, The Goldman Sachs Group downgraded shares of Informatica from a “buy” rating to a “neutral” rating and reduced their price target for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $24.67.

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.