Voya Investment Management LLC Increases Position in Informatica Inc. $INFA

Voya Investment Management LLC grew its holdings in Informatica Inc. (NYSE:INFA) by 83.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 470,932 shares of the technology company’s stock after purchasing an additional 214,605 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Informatica worth $8,218,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. D. E. Shaw & Co. Inc. acquired a new position in shares of Informatica during the 4th quarter valued at about $748,000. Squarepoint Ops LLC purchased a new position in Informatica during the fourth quarter worth about $2,062,000. Amalgamated Bank boosted its holdings in Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company’s stock valued at $71,000 after purchasing an additional 591 shares during the last quarter. SG Americas Securities LLC increased its holdings in shares of Informatica by 3.2% during the 1st quarter. SG Americas Securities LLC now owns 109,957 shares of the technology company’s stock worth $1,919,000 after buying an additional 3,424 shares during the last quarter. Finally, Arizona State Retirement System increased its holdings in shares of Informatica by 59.6% during the 1st quarter. Arizona State Retirement System now owns 29,983 shares of the technology company’s stock worth $523,000 after buying an additional 11,200 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

INFA has been the subject of several recent analyst reports. JPMorgan Chase & Co. reissued a “neutral” rating and set a $25.00 target price (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Robert W. Baird raised their price objective on Informatica from $19.00 to $25.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 28th. Truist Financial cut shares of Informatica from a “strong-buy” rating to a “hold” rating and upped their target price for the company from $24.00 to $25.00 in a research report 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, UBS Group upped their price objective on shares of Informatica from $21.00 to $25.00 and gave the stock a “neutral” rating in a report on Thursday, August 7th. Sixteen investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $23.67.

Insider Activity at Informatica

In other news, Director Gerald Held sold 70,212 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total value of $1,750,385.16. Following the completion of the sale, the director directly owned 198,845 shares of the company’s stock, valued at approximately $4,957,205.85. The trade was a 26.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Bruce R. Chizen sold 246,590 shares of the firm’s stock in a transaction that occurred on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total value of $6,147,488.70. Following the transaction, the insider owned 368,874 shares in the company, valued at $9,196,028.82. This represents a 40.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 441,818 shares of company stock valued at $10,965,526 over the last quarter. 2.80% of the stock is owned by insiders.

Informatica Price Performance

Shares of NYSE INFA opened at $24.82 on Thursday. The stock’s 50-day simple moving average is $24.69 and its 200-day simple moving average is $21.84. The firm has a market capitalization of $7.56 billion, a PE ratio of -620.38, a price-to-earnings-growth ratio of 6.68 and a beta of 1.15. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $28.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01.

Informatica (NYSE:INFA) last announced its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The company had revenue of $407.34 million during the quarter, compared to analysts’ expectations of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The business’s revenue for the quarter was up 1.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.23 earnings per share. 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.