D. E. Shaw & Co. Inc. Invests $748,000 in Informatica Inc. (NYSE:INFA)

D. E. Shaw & Co. Inc. acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The firm acquired 28,831 shares of the technology company's stock, valued at approximately $748,000.

A number of other large investors have also recently made changes to their positions in the business. PNC Financial Services Group Inc. grew its position in shares of Informatica by 35.3% in the 4th 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. KBC Group NV grew its position in shares of Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after buying an additional 1,325 shares during the last quarter. Pacer Advisors Inc. grew its position in shares of Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after buying an additional 1,437 shares during the last quarter. New Age Alpha Advisors LLC bought a new stake in shares of Informatica in the 4th quarter worth approximately $43,000. Finally, Flputnam Investment Management Co. grew its position in shares of Informatica by 1.9% in the 4th quarter. Flputnam Investment Management Co. now owns 112,444 shares of the technology company's stock worth $2,916,000 after buying an additional 2,129 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 116,199 shares of the business's 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 completion of the transaction, the executive vice president now owns 382,005 shares in the company, valued at $9,168,120. The trade was a 23.32% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders sold 150,934 shares of company stock worth $3,432,603 over the last quarter. 48.10% of the stock is currently owned by insiders.

Informatica Stock Down 0.8%

Informatica stock traded down $0.21 during mid-day trading on Thursday, hitting $24.09. The company had a trading volume of 1,110,682 shares, compared to its average volume of 3,611,657. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock's 50 day moving average price is $18.63 and its two-hundred day moving average price is $22.11. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $31.65. The company has a market capitalization of $7.29 billion, a PE ratio of 803.10, a price-to-earnings-growth 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 $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. During the same period in the previous year, the company posted $0.22 earnings per share. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

INFA has been the topic of several research reports. DA Davidson dropped their price target on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research report on Monday, April 14th. Wedbush lowered Informatica to a "neutral" rating in a research report on Friday, February 14th. Baird R W lowered Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Royal Bank of Canada set a $25.00 price target on Informatica in a research report on Wednesday. Finally, Guggenheim restated a "buy" rating and set a $37.00 price target on shares of Informatica in a research report on Friday, January 31st. 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, Informatica currently has an average rating of "Hold" and a consensus price target 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.