Two Sigma Advisers LP Takes Position in Informatica Inc. (NYSE:INFA)

Two Sigma Advisers LP purchased a new stake in Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 90,100 shares of the technology company's stock, valued at approximately $2,336,000.

Other institutional investors have also modified their holdings of the company. New Age Alpha Advisors LLC acquired a new stake in Informatica in the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. increased 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 valued at $66,000 after purchasing an additional 667 shares in the last quarter. KBC Group NV increased its holdings in shares of 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. Aquatic Capital Management LLC purchased a new stake in Informatica in the 4th quarter worth $88,000. Finally, Sterling Capital Management LLC increased its holdings in Informatica by 98.6% in the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock worth $125,000 after acquiring an additional 2,402 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the sale, the executive vice president now owns 416,410 shares of the company's stock, valued at approximately $7,516,200.50. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold a total of 150,934 shares of company stock valued at $3,432,603 over the last three months. 48.10% of the stock is currently owned by company insiders.

Informatica Stock Performance

Shares of INFA traded down $0.05 during mid-day trading on Friday, reaching $24.05. 4,479,818 shares of the company's stock were exchanged, compared to its average volume of 2,576,770. 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 market capitalization of $7.28 billion, a PE ratio of 801.93, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business's fifty day simple moving average is $18.85 and its 200-day simple moving average is $22.10. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share 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 firm had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same period last year, the company earned $0.22 earnings per share. The company's revenue for the quarter was up 3.9% on a year-over-year basis. On average, equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have issued reports on INFA. Scotiabank lifted their target price on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday. JPMorgan Chase & Co. reaffirmed a "neutral" rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a research report on Wednesday. Truist Financial lowered shares of Informatica from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $24.00 to $25.00 in a research note on Wednesday. Finally, Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $24.46.

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.