Bank of New York Mellon Corp Lowers Stock Holdings in Informatica Inc. (NYSE:INFA)

Bank of New York Mellon Corp cut its position in Informatica Inc. (NYSE:INFA) by 12.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,050 shares of the technology company’s stock after selling 61,479 shares during the quarter. Bank of New York Mellon Corp owned 0.14% of Informatica worth $11,333,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of INFA. ORG Wealth Partners LLC acquired a new position in Informatica in the 4th quarter valued at about $32,000. KBC Group NV grew its holdings in shares of Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company’s stock valued at $84,000 after purchasing an additional 1,325 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Informatica by 30.6% in 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. Cooper Financial Group increased its stake in Informatica by 6.6% during the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company’s stock worth $628,000 after buying an additional 1,504 shares during the period. Finally, Quarry LP acquired a new stake in Informatica during the 3rd quarter worth approximately $38,000. Hedge funds and other institutional investors own 98.45% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Deutsche Bank Aktiengesellschaft downgraded Informatica from a “buy” rating to a “hold” rating and set a $21.00 price target on the stock. in a report on Friday, February 14th. Cantor Fitzgerald began coverage on shares of Informatica in a report on Friday, January 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Wells Fargo & Company downgraded shares of Informatica from a “buy” rating to an “equal weight” rating in a research note on Friday, February 14th. Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Finally, Wedbush cut shares of Informatica to a “neutral” 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 company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $24.67.

Informatica Trading Down 3.4 %

Shares of Informatica stock opened at $17.40 on Friday. The company has a 50-day moving average of $22.97 and a two-hundred day moving average of $24.86. The stock has a market cap of $5.26 billion, a PE ratio of 580.06, a price-to-earnings-growth ratio of 4.44 and a beta of 1.05. Informatica Inc. has a 12-month low of $16.37 and a 12-month high of $39.80. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA) last announced its 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 company had revenue of $428.31 million for the quarter, compared to analyst estimates of $457.55 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. On average, research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Insider Activity

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction 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. The trade was a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Mark Pellowski sold 10,035 shares of the company’s stock in a transaction on Monday, December 16th. The shares were sold at an average price of $27.06, for a total transaction of $271,547.10. Following the completion of the transaction, the chief accounting officer now owns 138,477 shares of the company’s stock, valued at $3,747,187.62. This trade represents a 6.76 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 32,272 shares of company stock valued at $771,026 over the last quarter. Company insiders own 48.10% of the company’s stock.

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.