Allspring Global Investments Holdings LLC Has $94.67 Million Stock Position in Informatica Inc. (NYSE:INFA)

Allspring Global Investments Holdings LLC trimmed its stake in Informatica Inc. (NYSE:INFA - Free Report) by 34.7% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,363,921 shares of the technology company's stock after selling 2,847,198 shares during the quarter. Allspring Global Investments Holdings LLC owned approximately 1.77% of Informatica worth $94,673,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. Wellington Management Group LLP increased its holdings in shares of Informatica by 13.8% during the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after acquiring an additional 1,591,037 shares during the last quarter. Vanguard Group Inc. boosted its position in Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock worth $281,199,000 after purchasing an additional 2,409,023 shares during the period. FIL Ltd increased its holdings in shares of Informatica by 0.9% in the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock valued at $270,949,000 after purchasing an additional 93,685 shares during the last quarter. FMR LLC raised its position in shares of Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares during the period. Finally, Pictet Asset Management Holding SA lifted its stake in shares of Informatica by 52.7% during the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock worth $184,804,000 after buying an additional 2,459,197 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Buying and Selling at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction that occurred 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 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 is accessible through this link. Also, EVP John Arthur Schweitzer sold 116,199 shares of Informatica stock in a transaction on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the completion of the sale, the executive vice president owned 382,005 shares of the company's stock, valued at $9,168,120. This represents a 23.32% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 238,779 shares of company stock worth $5,622,733. 2.80% of the stock is currently owned by company insiders.

Informatica Price Performance

INFA stock traded up $0.11 during mid-day trading on Monday, hitting $24.36. The stock had a trading volume of 2,501,243 shares, compared to its average volume of 2,781,832. The firm has a fifty day simple moving average of $21.55 and a 200 day simple moving average of $21.75. The firm has a market capitalization of $7.37 billion, a P/E ratio of -2,436,000.00, a P/E/G ratio of 5.87 and a beta of 1.16. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $35.00.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The business had revenue of $403.90 million during the quarter, compared to analysts' expectations of $392.14 million. During the same period in the prior year, the company earned $0.22 EPS. The firm's quarterly revenue was up 3.9% compared to the same quarter last year. As a group, research analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. 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 research note on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on Informatica in a research report on Wednesday, May 28th. Wolfe Research cut Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. UBS Group boosted their price target on Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Finally, DA Davidson decreased their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a report on Monday, April 14th. Sixteen research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to data from MarketBeat, Informatica currently has a consensus 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.