Informatica Inc. (NYSE:INFA) Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. lifted its stake in shares of Informatica Inc. (NYSE:INFA) by 28.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,844,546 shares of the technology company’s stock after acquiring an additional 2,409,023 shares during the period. Vanguard Group Inc. owned 3.55% of Informatica worth $281,199,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of INFA. Charles Schwab Investment Management Inc. raised its stake 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. Victory Capital Management Inc. increased its holdings in shares of Informatica by 21.0% during the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company’s stock worth $534,000 after buying an additional 3,575 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Informatica by 29.9% in 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 period. JPMorgan Chase & Co. boosted its holdings in Informatica by 826.8% in the third 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. Finally, Geode Capital Management LLC grew 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 valued at $30,677,000 after acquiring an additional 311,003 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Price Performance

Shares of NYSE INFA opened at $16.70 on Friday. 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 fifty-two week low of $16.25 and a fifty-two week high of $39.80. The business has a 50 day moving average price of $20.57 and a two-hundred day moving average price of $24.06. The firm has a market cap of $5.05 billion, a PE ratio of 556.69, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

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

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the sale, the executive vice president now directly owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 48.10% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. The Goldman Sachs Group downgraded Informatica from a “buy” rating to a “neutral” rating and cut their price objective for the stock from $38.00 to $20.00 in a report on Friday, February 14th. Wells Fargo & Company cut shares of Informatica from a “buy” rating to an “equal weight” rating in a research report on Friday, February 14th. Cantor Fitzgerald started coverage on shares of Informatica in a research report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price objective for the company. Guggenheim restated a “buy” rating and set a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Finally, Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target for the company. in a report on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, the stock has an average 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.