Banque Pictet & Cie SA Takes $277,000 Position in Informatica Inc. (NYSE:INFA)

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

A number of other hedge funds also recently added to or reduced their stakes in INFA. Charles Schwab Investment Management Inc. raised its holdings in Informatica by 23.0% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 757,883 shares of the technology company's stock worth $19,652,000 after purchasing an additional 141,925 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Informatica by 21.0% during the fourth quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company's stock valued at $534,000 after acquiring an additional 3,575 shares in the last quarter. Raymond James Financial Inc. acquired a new position in shares of Informatica during the fourth quarter valued at about $4,486,000. PNC Financial Services Group Inc. increased its holdings in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after acquiring an additional 667 shares in the last quarter. Finally, AGF Management Ltd. acquired a new position in shares of Informatica during the fourth quarter valued at about $2,564,000. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value 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. The trade was a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP John Arthur Schweitzer sold 116,199 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $2,788,776.00. Following the completion of the transaction, the executive vice president directly owned 382,005 shares in the company, valued at approximately $9,168,120. The trade was a 23.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 238,779 shares of company stock worth $5,622,733. Corporate insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on INFA. Robert W. Baird upped their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. The Goldman Sachs Group upped their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 price target (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a report on Wednesday, May 28th. Finally, 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 research report on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $24.46.

Informatica Stock Performance

NYSE INFA traded up $0.02 on Friday, reaching $24.32. The stock had a trading volume of 3,347,957 shares, compared to its average volume of 2,846,064. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.56. The business's 50-day moving average price is $22.75 and its 200 day moving average price is $21.65. The stock has a market cap of $7.36 billion, a P/E ratio of -2,432,000.00, a price-to-earnings-growth ratio of 5.88 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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.22 earnings per share. As a group, equities analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Informatica 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.