Nkcfo LLC Buys New Stake in Informatica Inc. (NYSE:INFA)

Nkcfo LLC purchased a new position in shares of Informatica Inc. (NYSE:INFA) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm purchased 10,000 shares of the technology company’s stock, valued at approximately $309,000.

Other institutional investors have also modified their holdings of the company. Victory Capital Management Inc. grew its holdings in Informatica by 33.8% during the fourth quarter. Victory Capital Management Inc. now owns 16,859 shares of the technology company’s stock worth $479,000 after acquiring an additional 4,259 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Informatica by 3.4% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 348,121 shares of the technology company’s stock worth $9,883,000 after purchasing an additional 11,476 shares during the period. Trexquant Investment LP purchased a new position in shares of Informatica during the 4th quarter valued at approximately $1,000,000. Claret Asset Management Corp acquired a new position in shares of Informatica in the 4th quarter valued at $231,000. Finally, Shannon River Fund Management LLC boosted its holdings in Informatica by 10.4% during the fourth quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company’s stock worth $25,407,000 after buying an additional 84,537 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Informatica Stock Performance

Shares of 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. Informatica Inc. has a 1 year low of $18.71 and a 1 year high of $39.80. The firm has a market capitalization of $7.51 billion, a PE ratio of -1,273.00, a P/E/G ratio of 5.14 and a beta of 1.06. The business’s 50 day moving average price is $24.56 and its 200-day moving average price is $29.30.

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, 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 company had revenue of $400.63 million for the quarter, compared to analysts’ expectations of $402.97 million. During the same quarter in the previous year, the company posted $0.02 EPS. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. As a group, equities research analysts expect that Informatica Inc. will post 0.5 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. Scotiabank cut their price objective on shares of Informatica from $33.00 to $27.00 and set a “sector perform” rating for the company in a report on Wednesday, July 31st. Wells Fargo & Company cut their price target on Informatica from $40.00 to $32.00 and set an “overweight” rating for the company in a research note on Wednesday, July 31st. Deutsche Bank Aktiengesellschaft reduced their price target on Informatica from $39.00 to $36.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Guggenheim reissued a “buy” rating and issued a $37.00 price objective on shares of Informatica in a report on Tuesday, June 25th. Finally, Robert W. Baird cut their price objective on Informatica from $43.00 to $35.00 and set an “outperform” 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 assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Informatica has an average rating of “Moderate Buy” and a consensus price target of $32.55.

Insider Buying and Selling

In other Informatica 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 value of $1,817,638.18. Following the completion of the sale, the executive vice president now owns 437,348 shares in the company, valued at approximately $12,324,466.64. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Informatica news, 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 value of $1,817,638.18. Following the completion of the sale, the executive vice president now directly owns 437,348 shares in the company, valued at approximately $12,324,466.64. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $27.74, for a total value of $278,121.24. Following the completion of the sale, the chief accounting officer now directly owns 146,804 shares of the company’s stock, valued at $4,072,342.96. The disclosure for this sale can be found here. 48.10% of the stock is currently owned by company insiders.

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.