Norges Bank Invests $25.27 Million in Informatica Inc. (NYSE:INFA)

Norges Bank acquired a new stake in Informatica Inc. (NYSE:INFA) in the 4th quarter, according to its most recent filing with the SEC. The fund acquired 974,346 shares of the technology company’s stock, valued at approximately $25,265,000. Norges Bank owned 0.32% of Informatica as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of INFA. ORG Wealth Partners LLC bought a new position in Informatica in the fourth quarter valued at approximately $32,000. Quarry LP acquired a new stake in shares of Informatica during the third quarter worth $38,000. National Bank of Canada FI lifted its position in Informatica by 3,288.0% in the 3rd quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock valued at $43,000 after acquiring an additional 1,644 shares in the last quarter. FNY Investment Advisers LLC acquired a new position in Informatica in the 4th quarter worth $54,000. Finally, PNC Financial Services Group Inc. increased its holdings in Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares in the last quarter. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction dated 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 approximately $5,977,565.82. This represents a 3.38 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 48.10% of the company’s stock.

Informatica Stock Down 1.6 %

Shares of INFA stock opened at $16.70 on Monday. Informatica Inc. has a 52-week low of $16.25 and a 52-week high of $39.80. The stock has a market cap of $5.05 billion, a price-to-earnings ratio of 556.69, a PEG ratio of 4.44 and a beta of 1.06. The firm’s 50-day moving average is $20.57 and its 200-day moving average is $24.04. 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 released its quarterly earnings data 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 business had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. Sell-side analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

INFA has been the topic of a number of research reports. Cantor Fitzgerald initiated coverage on Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 price target on the stock. The Goldman Sachs Group cut Informatica from a “buy” rating to a “neutral” rating and cut their target price for the company from $38.00 to $20.00 in a research note on Friday, February 14th. Robert W. Baird reaffirmed 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. Wedbush lowered shares of Informatica to a “neutral” rating in a research report on Friday, February 14th. Finally, Baird R W downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average 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.