Informatica Inc. (NYSE:INFA) Shares Bought by Fmr LLC

Fmr LLC lifted its stake in shares of Informatica Inc. (NYSE:INFA) by 126,639.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 10,369,799 shares of the technology company’s stock after buying an additional 10,361,617 shares during the quarter. Fmr LLC owned approximately 3.40% of Informatica worth $268,889,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in INFA. Captrust Financial Advisors lifted its holdings in Informatica by 23.7% during the 3rd quarter. Captrust Financial Advisors now owns 8,364 shares of the technology company’s stock worth $211,000 after buying an additional 1,604 shares during the last quarter. State Street Corp raised its position in shares of Informatica by 25.1% during the 3rd quarter. State Street Corp now owns 1,051,013 shares of the technology company’s stock valued at $26,570,000 after acquiring an additional 210,843 shares in the last quarter. National Bank of Canada FI lifted 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 purchasing an additional 1,644 shares during the last quarter. XTX Topco Ltd acquired a new position in Informatica in the third quarter worth $325,000. Finally, Y Intercept Hong Kong Ltd acquired a new position in Informatica in the third quarter worth $396,000. Institutional investors own 98.45% of the company’s stock.

Informatica Trading Up 0.7 %

NYSE:INFA opened at $17.32 on Friday. The stock has a market cap of $5.24 billion, a price-to-earnings ratio of 577.36, a PEG 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 1 year low of $15.65 and a 1 year high of $39.80. The business has a fifty day moving average of $19.35 and a 200-day moving average of $23.64.

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

Insider Activity at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the company’s stock in a transaction 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 completion of the sale, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This represents a 3.38 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Company insiders own 48.10% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. Bank of America downgraded shares of Informatica from a “buy” rating to a “neutral” rating in a research report on Friday, February 14th. Royal Bank of Canada cut shares of Informatica from an “outperform” rating to a “sector perform” rating and cut their target price for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Robert W. Baird reaffirmed a “neutral” rating and set a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Baird R W cut Informatica from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 14th. Finally, The Goldman Sachs Group lowered Informatica from a “buy” rating to a “neutral” rating and reduced their price objective for the company from $38.00 to $20.00 in a research report on Friday, February 14th. Twelve analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $24.67.

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.