Bayesian Capital Management LP Reduces Holdings in Informatica Inc. (NYSE:INFA)

Bayesian Capital Management LP lessened its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 66.8% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,100 shares of the technology company's stock after selling 30,408 shares during the period. Bayesian Capital Management LP's holdings in Informatica were worth $392,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. FMR LLC boosted its stake in Informatica by 126,639.2% in the 4th 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. Pictet Asset Management Holding SA lifted its stake in Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after acquiring an additional 2,459,197 shares during the period. Vanguard Group Inc. lifted 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 worth $281,199,000 after purchasing an additional 2,409,023 shares during the period. Wellington Management Group LLP lifted its stake in shares of Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after purchasing an additional 1,591,037 shares during the period. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Informatica in the 4th quarter worth approximately $36,236,000. Institutional investors own 98.45% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on INFA shares. Royal Bank of Canada lowered their price objective on shares of Informatica from $20.00 to $19.00 and set a "sector perform" rating on the stock in a research note on Thursday, May 8th. Scotiabank increased their target price on Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research report on Friday, February 14th. Wells Fargo & Company downgraded Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Finally, Robert W. Baird restated a "neutral" rating and issued a $19.00 price target (down from $35.00) on shares of Informatica in a research report on Friday, February 14th. Thirteen equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat, Informatica presently has an average rating of "Hold" and a consensus target price of $23.62.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares of the company's stock, valued at $7,516,200.50. The trade was a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 48.10% of the company's stock.

Informatica Stock Up 0.8%

Shares of INFA stock traded up $0.16 during trading hours on Tuesday, reaching $19.53. 339,128 shares of the company's stock were exchanged, compared to its average volume of 2,752,077. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $31.65. The stock has a market cap of $5.91 billion, a PE ratio of 651.22, a PEG ratio of 4.44 and a beta of 1.04. 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 stock's fifty day moving average price is $18.03 and its two-hundred day moving average price is $22.52.

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 for the quarter, hitting analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $392.14 million. During the same quarter in the previous year, the firm earned $0.22 earnings per share. The company's revenue was up 3.9% on a year-over-year basis. Research analysts predict that Informatica Inc. will post 0.63 EPS for the current 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.