Informatica Inc. (NYSE:INFA) Shares Purchased by Arizona State Retirement System

Arizona State Retirement System increased its stake in shares of Informatica Inc. (NYSE:INFA) by 59.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,983 shares of the technology company’s stock after purchasing an additional 11,200 shares during the quarter. Arizona State Retirement System’s holdings in Informatica were worth $523,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of INFA. Parallel Advisors LLC lifted its holdings in Informatica by 540.4% in the first 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 during the period. Versant Capital Management Inc raised its stake in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company’s stock worth $32,000 after buying an additional 1,834 shares during the last quarter. New Age Alpha Advisors LLC acquired a new position in shares of Informatica during the 4th quarter worth $43,000. Harel Insurance Investments & Financial Services Ltd. increased its position in Informatica by 1,545.0% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company’s stock worth $49,000 after purchasing an additional 2,642 shares in the last quarter. Finally, PNC Financial Services Group Inc. increased its position in Informatica by 35.3% during the 4th 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. 98.45% of the stock is owned by institutional investors and hedge funds.

Informatica Stock Performance

INFA opened at $24.52 on Tuesday. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $28.14. The firm has a market capitalization of $7.42 billion, a PE ratio of 55.68, a PEG ratio of 5.93 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. The business’s 50-day simple moving average is $23.29 and its 200 day simple moving average is $21.53.

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

Wall Street Analyst Weigh In

Several equities analysts recently commented on INFA shares. DA Davidson reduced their price target on Informatica from $20.00 to $18.00 and set a “neutral” rating on the stock in a research report on Monday, April 14th. Wells Fargo & Company increased their price target on Informatica from $19.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reissued a “neutral” rating and issued a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Robert W. Baird increased their price objective on Informatica from $19.00 to $25.00 and gave the company a “neutral” rating in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group raised their target price on Informatica from $18.00 to $20.00 and gave the company a “neutral” rating in a report on Thursday, May 8th. Sixteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company’s stock. According to data from MarketBeat.com, Informatica presently has a consensus rating of “Hold” and an average price target of $24.46.

Insider Activity

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the completion of the transaction, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of Informatica stock in a transaction dated Friday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $2,788,776.00. Following the transaction, the executive vice president owned 382,005 shares of the company’s stock, valued at $9,168,120. This trade represents a 23.32% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 287,708 shares of company stock valued at $6,807,793. Corporate insiders own 2.80% of the company’s stock.

About Informatica

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.