Ameriprise Financial Inc. Has $28.43 Million Stake in Informatica Inc. (NYSE:INFA)

Ameriprise Financial Inc. increased its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 47.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,096,479 shares of the technology company's stock after acquiring an additional 353,717 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.36% of Informatica worth $28,432,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the business. Wellington Management Group LLP lifted its stake 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 acquiring an additional 1,591,037 shares in the last quarter. Vanguard Group Inc. lifted its stake in shares of Informatica by 28.6% in the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after acquiring an additional 2,409,023 shares in the last quarter. FIL Ltd lifted its stake in shares of Informatica by 0.9% in the fourth 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 in the last quarter. FMR LLC raised its stake in Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after buying an additional 10,361,617 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in Informatica by 16.6% during 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.

Analyst Ratings Changes

Several analysts have issued reports on INFA shares. DA Davidson cut their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Scotiabank upped their price objective on Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Royal Bank of Canada cut their price objective on Informatica from $20.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Bank of America cut Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Finally, Cantor Fitzgerald started coverage on Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective on the stock. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Informatica presently has a consensus rating of "Hold" and a consensus price target of $23.69.

Informatica Stock Performance

INFA traded up $0.13 during trading hours on Friday, hitting $19.70. The company's stock had a trading volume of 5,050,284 shares, compared to its average volume of 2,145,793. The company has a 50-day simple moving average of $18.13 and a 200 day simple moving average of $22.38. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The firm has a market capitalization of $5.96 billion, a PE ratio of 657.02, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $31.65.

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

Insider Buying and Selling at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction on Monday, March 10th. The stock was sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the sale, the executive vice president now directly owns 328,799 shares of the company's stock, valued at $5,977,565.82. This trade represents a 3.38% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 48.10% of the stock is currently owned by corporate insiders.

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.