Informatica Inc. (NYSE:INFA) Shares Purchased by Rhumbline Advisers

Rhumbline Advisers increased its stake in shares of Informatica Inc. (NYSE:INFA) by 20.0% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 55,816 shares of the technology company’s stock after purchasing an additional 9,321 shares during the period. Rhumbline Advisers’ holdings in Informatica were worth $1,724,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the stock. First Horizon Advisors Inc. acquired a new position in Informatica in the 2nd quarter valued at $32,000. ORG Partners LLC acquired a new position in Informatica in the 1st quarter valued at $43,000. Summit Securities Group LLC acquired a new position in Informatica in the 2nd quarter valued at $46,000. Quarry LP raised its holdings in Informatica by 186.9% in the 4th quarter. Quarry LP now owns 2,275 shares of the technology company’s stock valued at $65,000 after acquiring an additional 1,482 shares during the last quarter. Finally, CIBC Asset Management Inc acquired a new position in Informatica in the 2nd quarter valued at $216,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages have weighed in on INFA. Scotiabank cut their price target on Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft dropped their price objective on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Royal Bank of Canada restated an “outperform” rating and set a $35.00 price objective on shares of Informatica in a report on Wednesday, July 31st. Robert W. Baird dropped their price objective on Informatica from $43.00 to $35.00 and set an “outperform” rating for the company in a report on Wednesday, July 31st. Finally, The Goldman Sachs Group dropped their price objective on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a report on Wednesday, July 31st. Four investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.55.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 64,501 shares of the stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the sale, the executive vice president now owns 437,348 shares in the company, valued at $12,324,466.64. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other news, CAO Mark Pellowski sold 10,026 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the transaction, the chief accounting officer now directly owns 146,804 shares in the company, valued at $4,072,342.96. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $28.18, for a total transaction of $1,817,638.18. Following the completion of the transaction, the executive vice president now owns 437,348 shares of the company’s stock, valued at $12,324,466.64. The disclosure for this sale can be found here. 48.10% of the stock is owned by company insiders.

Informatica Stock Performance

NYSE:INFA opened at $25.46 on Friday. The company has a debt-to-equity ratio of 0.77, a current ratio of 2.03 and a quick ratio of 2.03. The firm has a 50-day moving average of $24.56 and a two-hundred day moving average of $29.30. The stock has a market cap of $7.51 billion, a P/E ratio of -1,273.00, a PEG ratio of 5.14 and a beta of 1.06. Informatica Inc. has a 1-year low of $18.71 and a 1-year high of $39.80.

Informatica (NYSE:INFA) last issued its quarterly earnings results on Tuesday, July 30th. The technology company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Informatica had a net margin of 9.60% and a return on equity of 6.16%. The business had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. During the same quarter last year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 6.6% compared to the same quarter last year. On average, research analysts expect that Informatica Inc. will post 0.5 earnings per share for the current fiscal year.

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.