Harber Asset Management LLC Makes New $11.32 Million Investment in Informatica Inc. (NYSE:INFA)

Harber Asset Management LLC bought a new position in shares of Informatica Inc. (NYSE:INFA) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 436,565 shares of the technology company’s stock, valued at approximately $11,320,000. Informatica makes up approximately 3.4% of Harber Asset Management LLC’s investment portfolio, making the stock its 12th largest holding. Harber Asset Management LLC owned 0.14% of Informatica at the end of the most recent quarter.

Several other hedge funds also recently modified their holdings of the company. Wellington Management Group LLP boosted its position in shares of Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company’s stock worth $341,111,000 after buying an additional 1,591,037 shares during the period. Vanguard Group Inc. raised its position in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company’s stock valued at $281,199,000 after buying an additional 2,409,023 shares during the last quarter. FIL Ltd raised its position in Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company’s stock worth $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC boosted its stake in shares of Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company’s stock valued at $268,889,000 after purchasing an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company’s stock worth $209,075,000 after acquiring an additional 1,168,158 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on INFA shares. Cantor Fitzgerald initiated coverage on Informatica in a research report on Friday, January 17th. They set a “neutral” rating and a $29.00 target price for the company. Truist Financial restated a “buy” rating and set a $24.00 target price (down previously from $34.00) on shares of Informatica in a report on Friday, February 14th. Baird R W lowered shares of Informatica from a “strong-buy” rating to a “hold” rating in a report on Friday, February 14th. UBS Group lowered their price objective on shares of Informatica from $30.00 to $19.00 and set a “neutral” rating for the company in a research report on Friday, February 14th. Finally, Guggenheim restated a “buy” rating and issued a $37.00 price target on shares of Informatica in a report on Friday, January 31st. Twelve investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $24.67.

Insider Buying and Selling

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the 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 completion of the sale, the executive vice president now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Up 0.7 %

INFA opened at $17.32 on Monday. The stock has a fifty day moving average of $19.35 and a 200-day moving average of $23.63. The company has a market capitalization of $5.24 billion, a P/E ratio of 577.36, a P/E/G ratio of 4.44 and a beta of 1.06. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $38.00. 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 (NYSE:INFA) last posted its quarterly earnings data 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 business had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. On average, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current year.

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.