Alyeska Investment Group L.P. Makes New Investment in Informatica Inc. (NYSE:INFA)

Alyeska Investment Group L.P. acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 450,000 shares of the technology company's stock, valued at approximately $11,668,000. Alyeska Investment Group L.P. owned approximately 0.15% of Informatica at the end of the most recent quarter.

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

Informatica Trading Down 0.8 %

INFA stock traded down $0.16 during mid-day trading on Friday, hitting $18.98. 1,473,180 shares of the company were exchanged, compared to its average volume of 2,123,076. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5.74 billion, a P/E ratio of 632.88, a PEG ratio of 4.44 and a beta of 1.04. The business has a fifty day simple moving average of $18.02 and a 200-day simple moving average of $22.63. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $403.90 million during the quarter, compared to analyst estimates of $392.14 million. During the same period last year, the business posted $0.22 earnings per share. The company's quarterly revenue was up 3.9% on a year-over-year basis. On average, equities research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on INFA shares. The Goldman Sachs Group increased their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday. Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Royal Bank of Canada decreased their target price on Informatica from $20.00 to $19.00 and set a "sector perform" rating on the stock in a research report on Thursday. Cantor Fitzgerald began coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target for the company. Finally, Truist Financial reaffirmed a "buy" rating and set a $24.00 target price (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.62.

Insider Buying and Selling at Informatica

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total value of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 48.10% of the stock is currently owned by corporate insiders.

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.