Dimensional Fund Advisors LP Purchases 290,587 Shares of Informatica Inc. (NYSE:INFA)

Dimensional Fund Advisors LP raised its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 21.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,618,777 shares of the technology company's stock after purchasing an additional 290,587 shares during the quarter. Dimensional Fund Advisors LP owned 0.53% of Informatica worth $41,975,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. PNC Financial Services Group Inc. grew its stake in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after buying an additional 667 shares during the last quarter. ORG Wealth Partners LLC bought a new stake in Informatica during the 4th quarter worth approximately $32,000. KBC Group NV increased its holdings in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after purchasing an additional 1,325 shares in the last quarter. Pacer Advisors Inc. raised its position in Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock valued at $159,000 after purchasing an additional 1,437 shares during the last quarter. Finally, Cooper Financial Group boosted its stake in Informatica by 6.6% in the fourth quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock worth $628,000 after purchasing an additional 1,504 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction dated Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the completion of the transaction, the executive vice president now directly owns 416,410 shares in the company, valued at $7,516,200.50. This represents a 2.69 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 48.10% of the company's stock.

Wall Street Analyst Weigh In

INFA has been the subject of a number of research analyst reports. UBS Group cut their price target on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a report on Friday, February 14th. Truist Financial reissued a "buy" rating and issued a $24.00 target price (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Robert W. Baird reaffirmed a "neutral" rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a research note on Friday, February 14th. DA Davidson dropped their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Cantor Fitzgerald assumed coverage on shares of Informatica in a research note on Friday, January 17th. They issued 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 company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $24.15.

Informatica Stock Up 1.8 %

Shares of Informatica stock traded up $0.33 on Wednesday, hitting $19.06. The company had a trading volume of 1,575,838 shares, compared to its average volume of 2,112,068. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $31.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The stock has a 50-day moving average of $18.01 and a 200-day moving average of $22.76. The firm has a market capitalization of $5.77 billion, a P/E ratio of 635.55, a P/E/G ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Wednesday, May 7th. The technology company reported $0.06 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.22 by ($0.16). Informatica had a return on equity of 5.76% and a net margin of 0.61%. Research analysts predict that Informatica Inc. will post 0.63 earnings per share 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.