Rhumbline Advisers Sells 1,770 Shares of Informatica Inc. (NYSE:INFA)

Rhumbline Advisers cut its holdings in shares of Informatica Inc. (NYSE:INFA) by 2.5% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 69,819 shares of the technology company’s stock after selling 1,770 shares during the period. Rhumbline Advisers’ holdings in Informatica were worth $1,218,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Parallel Advisors LLC boosted its position in Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company’s stock valued at $25,000 after acquiring an additional 1,216 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock valued at $32,000 after purchasing an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC purchased a new stake in Informatica in the fourth quarter worth $43,000. PNC Financial Services Group Inc. raised its holdings in Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company’s stock worth $66,000 after purchasing an additional 667 shares in the last quarter. Finally, Aquatic Capital Management LLC purchased a new position in Informatica during the fourth quarter valued at $88,000. Institutional investors own 98.45% of the company’s stock.

Informatica Stock Down 0.0%

INFA opened at $24.16 on Friday. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of -2,415,500.00, a PEG ratio of 5.85 and a beta of 1.17. The firm has a 50 day moving average price of $20.74 and a 200-day moving average price of $21.92. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $31.65. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78.

Informatica (NYSE:INFA) last posted its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts’ consensus estimates of $0.22. The business had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The firm’s revenue was up 3.9% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.22 EPS. Equities research analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on INFA shares. Wolfe Research downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. The Goldman Sachs Group upped their price objective on shares of Informatica from $18.00 to $20.00 and gave the stock a “neutral” rating in a report on Thursday, May 8th. DA Davidson lowered their target price on shares of Informatica from $20.00 to $18.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Royal Bank Of Canada set a $25.00 price target on Informatica in a research note on Wednesday, May 28th. Finally, UBS Group lifted their price objective on Informatica from $20.00 to $21.00 and gave the company a “neutral” rating in a research note on Friday, May 16th. Sixteen analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $24.46.

Insiders Place Their Bets

In other news, EVP Ansa Sekharan sold 99,348 shares of the company’s stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the sale, the executive vice president now directly owns 391,959 shares in the company, valued at $9,465,809.85. This represents a 20.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, EVP John Arthur Schweitzer sold 11,503 shares of the firm’s stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at approximately $7,516,200.50. This represents a 2.69% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 238,779 shares of company stock valued at $5,622,733. Insiders own 2.80% of the company’s stock.

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.