US Bancorp DE Sells 2,301 Shares of Informatica Inc. $INFA

US Bancorp DE decreased its stake in Informatica Inc. (NYSE:INFA) by 26.3% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,447 shares of the technology company’s stock after selling 2,301 shares during the period. US Bancorp DE’s holdings in Informatica were worth $112,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently bought and sold shares of the business. Wells Fargo & Company MN grew its stake in Informatica by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company’s stock worth $2,101,000 after buying an additional 10,553 shares in the last quarter. Renaissance Technologies LLC bought a new stake in Informatica during the 4th quarter valued at $5,401,000. Raymond James Financial Inc. bought a new position in Informatica in the 4th quarter worth $4,486,000. Sterling Capital Management LLC raised its holdings in Informatica by 98.6% in the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company’s stock worth $125,000 after purchasing an additional 2,402 shares in the last quarter. Finally, Barclays PLC grew its position in shares of Informatica by 5.1% in the 4th quarter. Barclays PLC now owns 71,959 shares of the technology company’s stock worth $1,866,000 after buying an additional 3,497 shares during the period. 98.45% of the stock is owned by institutional investors.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 48,929 shares of the business’s stock in a transaction dated Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total transaction of $1,185,060.38. Following the sale, the executive vice president owned 362,637 shares in the company, valued at approximately $8,783,068.14. The trade was a 11.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Ansa Sekharan sold 99,348 shares of the company’s stock in a transaction that occurred on Thursday, June 5th. The shares were 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 owned 391,959 shares in the company, valued at approximately $9,465,809.85. This represents a 20.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 264,476 shares of company stock worth $6,373,091 in the last 90 days. Insiders own 2.80% of the company’s stock.

Analyst Ratings Changes

Several analysts recently commented on the stock. Truist Financial downgraded shares of Informatica from a “strong-buy” rating to a “hold” rating and increased their price objective for the company from $24.00 to $25.00 in a research report on Wednesday, May 28th. Wells Fargo & Company increased their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock an “equal weight” rating in a research note on Wednesday, May 28th. Robert W. Baird raised their target price on shares of Informatica from $19.00 to $25.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 28th. Wolfe Research cut shares of Informatica from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reissued a “neutral” rating and issued a $25.00 target price (up from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating, According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.67.

Informatica Stock Performance

INFA stock opened at $24.72 on Monday. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. The business has a 50-day moving average price of $24.42 and a 200 day moving average price of $21.46. The company has a market capitalization of $7.48 billion, a P/E ratio of -618.00, a PEG ratio of 6.66 and a beta of 1.15. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14.

Informatica (NYSE:INFA) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts’ consensus estimates of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%. The firm had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. During the same quarter in the prior year, the firm posted $0.23 earnings per share. The business’s revenue for the quarter was up 1.7% compared to the same quarter last year. As a group, equities research analysts forecast that Informatica Inc. will post 0.63 EPS for the current fiscal year.

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.