Susquehanna Fundamental Investments LLC Takes Position in Informatica Inc. (NYSE:INFA)

Susquehanna Fundamental Investments LLC acquired a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund acquired 151,377 shares of the technology company's stock, valued at approximately $3,925,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Wellington Management Group LLP raised its position in shares of Informatica by 13.8% in the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after buying an additional 1,591,037 shares in the last quarter. Vanguard Group Inc. boosted its position in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares during the period. FIL Ltd grew its position in Informatica by 0.9% during the 4th quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock worth $270,949,000 after acquiring an additional 93,685 shares during the last quarter. FMR LLC increased its position in shares of Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after acquiring an additional 10,361,617 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in Informatica by 16.6% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after purchasing an additional 1,168,158 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the stock. Cantor Fitzgerald assumed coverage on shares of Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Royal Bank of Canada lowered shares of Informatica from an "outperform" rating to a "sector perform" rating and decreased their price objective for the stock from $35.00 to $19.00 in a report on Friday, February 14th. Wedbush lowered shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. DA Davidson lowered their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Finally, Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective for the company. in a research report on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, Informatica currently has an average rating of "Hold" and an average target price of $24.15.

Informatica Price Performance

Shares of INFA traded up $0.21 during mid-day trading on Friday, hitting $19.13. 1,405,860 shares of the stock were exchanged, compared to its average volume of 2,115,338. The firm has a 50-day moving average of $18.03 and a two-hundred day moving average of $22.90. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $31.65. The company has a market cap of $5.79 billion, a PE ratio of 637.88, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company had revenue of $428.31 million during the quarter, compared to the consensus estimate of $457.55 million. On average, equities analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the company'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 sale, 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 48.10% 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.