Banque Pictet & Cie SA Makes New $277,000 Investment in Informatica Inc. (NYSE:INFA)

Banque Pictet & Cie SA purchased a new position in Informatica Inc. (NYSE:INFA - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,861 shares of the technology company's stock, valued at approximately $277,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Amalgamated Bank boosted its stake in Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock worth $71,000 after purchasing an additional 591 shares during the period. PNC Financial Services Group Inc. raised its holdings in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after acquiring an additional 667 shares in the last quarter. L. Roy Papp & Associates LLP raised its holdings in shares of Informatica by 1.9% during the 1st quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock worth $889,000 after acquiring an additional 961 shares in the last quarter. Parallel Advisors LLC raised its holdings in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after acquiring an additional 1,216 shares in the last quarter. Finally, New Age Alpha Advisors LLC purchased a new stake in shares of Informatica during the 4th quarter worth approximately $43,000. 98.45% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the transaction, the executive vice president owned 391,959 shares of the company's stock, valued at approximately $9,465,809.85. This represents a 20.22% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 116,199 shares of the stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the transaction, the executive vice president directly owned 382,005 shares in the company, valued at $9,168,120. The trade was a 23.32% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 238,779 shares of company stock worth $5,622,733 in the last three months. Corporate insiders own 2.80% of the company's stock.

Informatica Trading Down 0.4%

INFA stock traded down $0.10 during midday trading on Monday, reaching $24.23. The company's stock had a trading volume of 6,936,862 shares, compared to its average volume of 2,867,865. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. The stock has a fifty day simple moving average of $22.75 and a two-hundred day simple moving average of $21.58. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $28.40. The firm has a market capitalization of $7.33 billion, a price-to-earnings ratio of -2,422,500.00, a PEG ratio of 5.89 and a beta of 1.15.

Informatica (NYSE:INFA - Get Free Report) last released its 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 5.89% and a net margin of 0.12%. The business had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. During the same quarter last year, the firm posted $0.22 earnings per share. The business's revenue was up 3.9% compared to the same quarter last year. On average, equities research analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

INFA has been the topic of several recent research reports. Wolfe Research cut Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price objective on Informatica in a report on Wednesday, May 28th. Wells Fargo & Company upped their price objective on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. The Goldman Sachs Group increased their price target on Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Finally, Robert W. Baird increased their price target on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $24.46.

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.