Zurcher Kantonalbank Zurich Cantonalbank Buys 4,685 Shares of Informatica Inc. (NYSE:INFA)

Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Informatica Inc. (NYSE:INFA) by 73.3% during the fourth quarter, Holdings Channel.com reports. The firm owned 11,075 shares of the technology company’s stock after acquiring an additional 4,685 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Informatica were worth $314,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. raised its stake in Informatica by 1.0% during the 3rd quarter. Vanguard Group Inc. now owns 4,209,875 shares of the technology company’s stock worth $88,702,000 after buying an additional 42,582 shares during the period. Kennedy Capital Management LLC raised its position in shares of Informatica by 32.5% during the third quarter. Kennedy Capital Management LLC now owns 1,211,455 shares of the technology company’s stock worth $25,525,000 after purchasing an additional 297,289 shares during the period. Shannon River Fund Management LLC lifted its holdings in shares of Informatica by 44.9% in the 3rd quarter. Shannon River Fund Management LLC now owns 810,391 shares of the technology company’s stock worth $17,075,000 after purchasing an additional 250,935 shares in the last quarter. Fuller & Thaler Asset Management Inc. acquired a new stake in Informatica in the 3rd quarter valued at $14,375,000. Finally, Charles Schwab Investment Management Inc. increased its stake in Informatica by 4.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 336,645 shares of the technology company’s stock valued at $7,093,000 after purchasing an additional 14,729 shares in the last quarter. Institutional investors own 98.45% of the company’s stock.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 5,952 shares of the company’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24. Following the sale, the executive vice president now directly owns 490,902 shares of the company’s stock, valued at $16,626,850.74. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Informatica news, EVP John Arthur Schweitzer sold 5,952 shares of the business’s stock in a transaction on Friday, March 15th. The shares were sold at an average price of $33.87, for a total transaction of $201,594.24. Following the sale, the executive vice president now owns 490,902 shares of the company’s stock, valued at approximately $16,626,850.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CAO Mark Pellowski sold 10,026 shares of the firm’s stock in a transaction on Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the transaction, the chief accounting officer now directly owns 150,937 shares of the company’s stock, valued at $4,836,021.48. The disclosure for this sale can be found here. In the last 90 days, insiders sold 243,600 shares of company stock valued at $8,259,201. 53.90% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on the stock. UBS Group boosted their target price on shares of Informatica from $27.00 to $37.00 and gave the stock a “neutral” rating in a research report on Thursday, February 15th. Royal Bank of Canada reissued an “outperform” rating and set a $41.00 price objective on shares of Informatica in a report on Monday, April 15th. JPMorgan Chase & Co. lifted their target price on Informatica from $33.00 to $38.00 and gave the company an “overweight” rating in a research report on Thursday, February 15th. Wells Fargo & Company decreased their price target on Informatica from $45.00 to $40.00 and set an “overweight” rating for the company in a report on Tuesday, April 23rd. Finally, Robert W. Baird assumed coverage on Informatica in a research note on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective on the stock. Five equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Informatica presently has an average rating of “Moderate Buy” and a consensus price target of $35.45.

Informatica Stock Down 1.6 %

INFA opened at $29.84 on Monday. Informatica Inc. has a twelve month low of $13.29 and a twelve month high of $39.80. The company’s 50-day moving average price is $34.05 and its two-hundred day moving average price is $29.55. The stock has a market cap of $8.81 billion, a price-to-earnings ratio of -1,492.00, a PEG ratio of 6.31 and a beta of 1.12. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 0.82.

Informatica (NYSE:INFA) last announced its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 earnings per share for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a net margin of 0.03% and a return on equity of 5.45%. The firm had revenue of $445.18 million for the quarter, compared to the consensus estimate of $431.51 million. As a group, equities analysts expect that Informatica Inc. will post 0.55 earnings per share 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.