Vanguard Group Inc. Purchases 1,098,246 Shares of Informatica Inc. (NYSE:INFA)

Vanguard Group Inc. grew its position in Informatica Inc. (NYSE:INFAFree Report) by 26.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,308,121 shares of the technology company’s stock after purchasing an additional 1,098,246 shares during the period. Vanguard Group Inc. owned about 1.80% of Informatica worth $150,698,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP lifted its position in shares of Informatica by 10.0% during the 4th quarter. Wellington Management Group LLP now owns 9,720,552 shares of the technology company’s stock worth $275,966,000 after buying an additional 883,642 shares in the last quarter. Quarry LP boosted its position in Informatica by 186.9% in the fourth quarter. Quarry LP now owns 2,275 shares of the technology company’s stock worth $65,000 after purchasing an additional 1,482 shares during the last quarter. Shannon River Fund Management LLC grew its stake in Informatica by 10.4% in the 4th quarter. Shannon River Fund Management LLC now owns 894,928 shares of the technology company’s stock valued at $25,407,000 after purchasing an additional 84,537 shares during the period. Claret Asset Management Corp purchased a new stake in shares of Informatica during the 4th quarter valued at $231,000. Finally, Trexquant Investment LP bought a new stake in shares of Informatica during the 4th quarter worth $1,000,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 65,891 shares of the company’s stock in a transaction on Monday, April 15th. The shares were sold at an average price of $35.50, for a total value of $2,339,130.50. Following the transaction, the executive vice president now owns 481,011 shares of the company’s stock, valued at $17,075,890.50. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Informatica news, EVP Ansa Sekharan sold 95,601 shares of Informatica stock in a transaction that occurred on Wednesday, June 5th. The shares were sold at an average price of $28.56, for a total transaction of $2,730,364.56. Following the completion of the sale, the executive vice president now directly owns 509,381 shares in the company, valued at $14,547,921.36. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 65,891 shares of the business’s stock in a transaction that occurred on Monday, April 15th. The stock was sold at an average price of $35.50, for a total transaction of $2,339,130.50. Following the completion of the transaction, the executive vice president now directly owns 481,011 shares of the company’s stock, valued at approximately $17,075,890.50. The disclosure for this sale can be found here. Insiders sold a total of 171,518 shares of company stock valued at $5,425,518 in the last three months. Company insiders own 48.10% of the company’s stock.

Informatica Stock Performance

Shares of INFA opened at $30.44 on Friday. Informatica Inc. has a 52-week low of $17.58 and a 52-week high of $39.80. The stock’s 50-day simple moving average is $29.88 and its 200 day simple moving average is $31.25. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.90 and a current ratio of 1.90. The stock has a market capitalization of $8.98 billion, a price-to-earnings ratio of -1,522.00, a price-to-earnings-growth ratio of 7.60 and a beta of 1.07.

Informatica (NYSE:INFAGet Free Report) last announced its quarterly earnings results on Wednesday, May 1st. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.02). Informatica had a return on equity of 5.31% and a net margin of 0.03%. The firm had revenue of $388.61 million during the quarter, compared to analysts’ expectations of $384.97 million. Research analysts forecast that Informatica Inc. will post 0.52 EPS for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently weighed in on INFA shares. Royal Bank of Canada restated an “outperform” rating and set a $41.00 price target on shares of Informatica in a research report on Thursday, May 23rd. Guggenheim restated a “buy” rating and set a $37.00 price target on shares of Informatica in a research note on Tuesday, June 25th. Wells Fargo & Company dropped their price objective on Informatica from $45.00 to $40.00 and set an “overweight” rating on the stock in a research note on Tuesday, April 23rd. Finally, Robert W. Baird assumed coverage on Informatica in a report on Tuesday, April 2nd. They set an “outperform” rating and a $43.00 price objective for the company. Five research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $35.45.

Read Our Latest Stock Report on Informatica

About Informatica

(Free Report)

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.

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Institutional Ownership by Quarter for Informatica (NYSE:INFA)

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