Kennedy Capital Management LLC Increases Stake in Informatica Inc. (NYSE:INFA)

Kennedy Capital Management LLC grew its holdings in Informatica Inc. (NYSE:INFA) by 5.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 878,396 shares of the technology company’s stock after acquiring an additional 48,446 shares during the quarter. Informatica accounts for approximately 0.5% of Kennedy Capital Management LLC’s holdings, making the stock its 27th largest holding. Kennedy Capital Management LLC owned 0.29% of Informatica worth $22,777,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. ORG Wealth Partners LLC acquired a new stake in shares of Informatica in the fourth quarter worth approximately $32,000. Quarry LP acquired a new position in Informatica during the third quarter worth $38,000. New Age Alpha Advisors LLC acquired a new position in Informatica during the fourth quarter worth $43,000. National Bank of Canada FI boosted its stake in Informatica by 3,288.0% during the third quarter. National Bank of Canada FI now owns 1,694 shares of the technology company’s stock worth $43,000 after buying an additional 1,644 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in Informatica during the 4th quarter worth about $54,000. Institutional investors and hedge funds own 98.45% of the company’s stock.

Informatica Stock Up 12.9 %

NYSE:INFA opened at $17.90 on Thursday. The firm has a market cap of $5.42 billion, a P/E ratio of 596.93, a P/E/G ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $39.80. The firm has a 50-day simple moving average of $19.69 and a two-hundred day simple moving average of $23.76.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing the consensus estimate 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 return on equity of 5.76% and a net margin of 0.61%. Analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the business’s stock in a transaction that occurred on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares of the company’s stock, valued at approximately $5,977,565.82. The trade was a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

INFA has been the subject of several research analyst reports. Wedbush downgraded Informatica to a “neutral” rating in a research note on Friday, February 14th. Baird R W downgraded Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Guggenheim reaffirmed a “buy” rating and issued a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Robert W. Baird reaffirmed a “neutral” rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Finally, UBS Group decreased their target price on Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat, Informatica presently has a consensus rating of “Hold” and an average price target of $24.67.

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.