Circumference Group LLC Makes New Investment in Informatica Inc. (NYSE:INFA)

Circumference Group LLC acquired a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 170,000 shares of the technology company's stock, valued at approximately $4,408,000. Informatica makes up about 3.8% of Circumference Group LLC's holdings, making the stock its 14th largest holding. Circumference Group LLC owned about 0.06% of Informatica as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of INFA. D. E. Shaw & Co. Inc. bought a new position in shares of Informatica during the 4th quarter valued at $748,000. Crestline Management LP bought a new position in shares of Informatica during the fourth quarter valued at about $2,496,000. Cubist Systematic Strategies LLC grew its stake in shares of Informatica by 78.9% during the fourth quarter. Cubist Systematic Strategies LLC now owns 17,351 shares of the technology company's stock valued at $450,000 after buying an additional 7,651 shares during the last quarter. Brevan Howard Capital Management LP increased its holdings in shares of Informatica by 27.1% in the fourth quarter. Brevan Howard Capital Management LP now owns 62,428 shares of the technology company's stock worth $1,619,000 after buying an additional 13,304 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in shares of Informatica in the 4th quarter valued at about $14,464,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the company. Wedbush cut Informatica to a "neutral" rating in a research note on Friday, February 14th. DA Davidson decreased their target price on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Guggenheim reissued a "buy" rating and set a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. Cantor Fitzgerald initiated coverage on shares of Informatica in a research note on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective for the company. Finally, Royal Bank of Canada cut their target price 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. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $23.62.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 11,503 shares of the firm'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 transaction, the executive vice president now owns 416,410 shares in the company, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Performance

Shares of NYSE INFA traded up $0.04 during trading on Tuesday, hitting $19.41. The company had a trading volume of 608,849 shares, compared to its average volume of 2,119,536. 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 Inc. has a 12 month low of $15.65 and a 12 month high of $31.65. The stock has a 50 day simple moving average of $18.03 and a 200 day simple moving average of $22.52. The firm has a market capitalization of $5.87 billion, a P/E ratio of 647.22, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04.

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

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.