New York State Common Retirement Fund Reduces Stake in Informatica Inc. (NYSE:INFA)

New York State Common Retirement Fund trimmed its holdings in shares of Informatica Inc. (NYSE:INFA) by 11.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,410 shares of the technology company’s stock after selling 3,800 shares during the quarter. New York State Common Retirement Fund’s holdings in Informatica were worth $763,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. Rhumbline Advisers increased its position in Informatica by 19.3% in the fourth quarter. Rhumbline Advisers now owns 71,589 shares of the technology company’s stock worth $1,856,000 after buying an additional 11,575 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in shares of Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock valued at $209,075,000 after acquiring an additional 1,168,158 shares during the period. FSR Wealth Management Ltd. purchased a new stake in Informatica in the 4th quarter worth approximately $205,000. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in Informatica by 50.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company’s stock worth $309,000 after acquiring an additional 3,994 shares during the period. Finally, Pacer Advisors Inc. lifted its holdings in Informatica by 30.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company’s stock valued at $159,000 after purchasing an additional 1,437 shares in the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on INFA. UBS Group reduced their price objective on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and cut their price target for the stock from $38.00 to $20.00 in a research note on Friday, February 14th. Guggenheim restated a “buy” rating and issued a $37.00 price objective on shares of Informatica in a research report on Friday, January 31st. Deutsche Bank Aktiengesellschaft cut Informatica from a “buy” rating to a “hold” rating and set a $21.00 target price for the company. in a research report on Friday, February 14th. Finally, Truist Financial reissued a “buy” rating and set a $24.00 target price (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Twelve equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Informatica presently has a consensus rating of “Hold” and a consensus target price of $24.67.

Insider Buying and Selling

In other news, CAO Mark Pellowski sold 10,035 shares of the stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of $27.06, for a total value of $271,547.10. Following the sale, the chief accounting officer now directly owns 138,477 shares in the company, valued at approximately $3,747,187.62. This represents a 6.76 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 10,734 shares of the business’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.05, for a total value of $290,354.70. Following the transaction, the executive vice president now owns 353,778 shares of the company’s stock, valued at approximately $9,569,694.90. The trade was a 2.94 % decrease in their position. The disclosure for this sale can be found here. 48.10% of the stock is owned by corporate insiders.

Informatica Stock Performance

NYSE:INFA opened at $18.64 on Tuesday. The company has a market cap of $5.69 billion, a price-to-earnings ratio of 621.54, a PEG ratio of 4.44 and a beta of 0.99. Informatica Inc. has a 1 year low of $16.37 and a 1 year high of $39.80. The stock’s 50 day simple moving average is $24.24 and its two-hundred day simple moving average is $25.20. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

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

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.