Sunriver Management LLC Takes Position in Informatica Inc. $INFA

Key Points

• Sunriver Management LLC acquired 1,725,372 shares of Informatica Inc. valued at approximately $30.1 million, making it the company’s 15th largest position.
• Several institutional investors, including Parallel Advisors LLC and Deutsche Bank AG, significantly increased their stakes in Informatica during the first quarter of the year.
• Informatica recently reported $0.18 EPS, falling short of expectations, although its revenue increased by 1.7% compared to the previous year.

Sunriver Management LLC acquired a new stake in shares of Informatica Inc. (NYSE:INFA - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 1,725,372 shares of the technology company's stock, valued at approximately $30,108,000. Informatica makes up approximately 3.7% of Sunriver Management LLC's holdings, making the stock its 15th largest position. Sunriver Management LLC owned approximately 0.57% of Informatica at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its stake in shares of Informatica by 37.4% in the 1st quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company's stock worth $62,957,000 after buying an additional 981,237 shares during the last quarter. Dimensional Fund Advisors LP raised its position in Informatica by 21.9% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,618,777 shares of the technology company's stock valued at $41,975,000 after purchasing an additional 290,587 shares during the period. Ameriprise Financial Inc. raised its position in Informatica by 47.6% during the fourth quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock valued at $28,432,000 after purchasing an additional 353,717 shares during the period. TFG Asset Management GP Ltd raised its position in Informatica by 50.0% during the fourth quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company's stock valued at $15,558,000 after purchasing an additional 200,000 shares during the period. Finally, Balyasny Asset Management L.P. purchased a new stake in Informatica during the fourth quarter valued at approximately $14,464,000. Institutional investors own 98.45% of the company's stock.

Insider Activity at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the company's 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 directly owned 391,959 shares in the company, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP John Arthur Schweitzer sold 49,104 shares of the company's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.72, for a total value of $1,213,850.88. Following the sale, the executive vice president directly owned 352,266 shares in the company, valued at $8,708,015.52. This represents a 12.23% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 197,381 shares of company stock valued at $4,798,165. 2.80% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Scotiabank increased their price target on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 price target (up from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Wells Fargo & Company increased their price target on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. Robert W. Baird increased their price target on Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a report on Wednesday, May 28th. Finally, Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Wednesday, August 6th. Sixteen research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.67.

Informatica Stock Down 0.1%

Shares of Informatica stock traded down $0.03 during trading on Friday, reaching $24.93. The company's stock had a trading volume of 2,877,145 shares, compared to its average volume of 3,861,371. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The company has a market cap of $7.60 billion, a price-to-earnings ratio of -623.13, a P/E/G ratio of 6.69 and a beta of 1.15. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14. The company has a 50-day simple moving average of $24.54 and a two-hundred day simple moving average of $21.46.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The firm had revenue of $407.34 million during the quarter, compared to analysts' expectations of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business's revenue was up 1.7% on a year-over-year basis. During the same quarter last year, the business earned $0.23 EPS. As a group, equities analysts forecast 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.