Edgestream Partners L.P. Invests $1.15 Million in Informatica Inc. (NYSE:INFA)

Edgestream Partners L.P. acquired a new position in shares of Informatica Inc. (NYSE:INFA) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 37,178 shares of the technology company’s stock, valued at approximately $1,148,000.

Other hedge funds and other institutional investors have also made changes to their positions in the company. First Horizon Advisors Inc. acquired a new position in shares of Informatica during the second quarter worth approximately $32,000. ORG Partners LLC acquired a new position in shares of Informatica during the first quarter worth approximately $43,000. Summit Securities Group LLC acquired a new position in shares of Informatica during the second quarter worth approximately $46,000. Quarry LP lifted its position in Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the period. Finally, CIBC Asset Management Inc acquired a new stake in Informatica in the second quarter worth approximately $216,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Informatica

In other Informatica news, CAO Mark Pellowski sold 10,026 shares of the business’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $27.74, for a total transaction of $278,121.24. Following the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at approximately $4,072,342.96. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, CAO Mark Pellowski sold 10,026 shares of the company’s stock in a transaction 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 transaction, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 64,501 shares of the company’s stock in a transaction on Monday, July 15th. The stock was 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 directly owns 437,348 shares in the company, valued at $12,324,466.64. The disclosure for this sale can be found here. Company insiders own 48.10% of the company’s stock.

Informatica Price Performance

Shares of NYSE:INFA opened at $25.46 on Friday. The stock has a fifty day moving average of $24.56 and a 200-day moving average of $29.30. The company has a debt-to-equity ratio of 0.77, a quick ratio of 2.03 and a current ratio of 2.03. Informatica Inc. has a one year low of $18.71 and a one year high of $39.80. The company has a market capitalization of $7.51 billion, a PE ratio of -1,273.00, a price-to-earnings-growth ratio of 5.14 and a beta of 1.06.

Informatica (NYSE:INFA) last announced its earnings results on Tuesday, July 30th. The technology company reported $0.23 earnings per share (EPS) for the quarter, beating 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 company had revenue of $400.63 million for the quarter, compared to the consensus estimate of $402.97 million. During the same period in the previous year, the business earned $0.02 EPS. The company’s revenue was up 6.6% on a year-over-year basis. As a group, equities analysts anticipate that Informatica Inc. will post 0.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on INFA shares. Citigroup cut their target price on Informatica from $35.00 to $28.00 and set a “neutral” rating for the company in a research report on Tuesday, July 30th. Guggenheim restated a “buy” rating and issued a $37.00 target price on shares of Informatica in a research report on Tuesday, June 25th. UBS Group cut their target price on Informatica from $35.00 to $27.00 and set a “neutral” rating for the company in a research report on Wednesday, July 31st. The Goldman Sachs Group cut their target price on Informatica from $44.00 to $38.00 and set a “buy” rating for the company in a research report on Wednesday, July 31st. Finally, Wells Fargo & Company cut their target price on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research report on Wednesday, July 31st. Four equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $32.55.

About Informatica

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.