Informatica Inc. $INFA Shares Acquired by AQR Capital Management LLC

Key Points

• AQR Capital Management LLC increased its stake in Informatica Inc. by 73.4% in the first quarter, owning approximately $6.91 million worth of shares.
• Several hedge funds significantly expanded their stakes in Informatica, with Parallel Advisors LLC increasing its ownership by 540.4% during the same period.
• Informatica reported earnings of $0.18 per share in its latest quarterly results, missing analysts' expectations of $0.21, while its revenue grew by 1.7% year-over-year.

AQR Capital Management LLC boosted its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 73.4% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 395,977 shares of the technology company's stock after buying an additional 167,645 shares during the quarter. AQR Capital Management LLC owned approximately 0.13% of Informatica worth $6,910,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. PDT Partners LLC lifted its holdings in Informatica by 438.4% during the first quarter. PDT Partners LLC now owns 110,756 shares of the technology company's stock valued at $1,933,000 after purchasing an additional 90,185 shares during the last quarter. Siren L.L.C. bought a new position in shares of Informatica in the first quarter valued at approximately $872,000. Sunriver Management LLC bought a new position in shares of Informatica in the first quarter worth $30,108,000. AlphaQuest LLC purchased a new stake in Informatica in the first quarter valued at approximately $160,000. Finally, Quantbot Technologies LP grew its position in Informatica by 80.8% during the first quarter. Quantbot Technologies LP now owns 217,621 shares of the technology company's stock valued at $3,797,000 after acquiring an additional 97,254 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

Shares of NYSE:INFA traded up $0.02 during mid-day trading on Wednesday, reaching $24.82. 2,356,356 shares of the company traded hands, compared to its average volume of 2,801,460. The company's 50 day moving average price is $24.69 and its 200-day moving average price is $21.84. The firm has a market cap of $7.56 billion, a PE ratio of -620.38, a PEG ratio of 6.68 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data 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 company had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The company's revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analyst Weigh In

INFA has been the topic of several analyst reports. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a research note on Wednesday, May 28th. 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. Guggenheim cut shares of 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. Robert W. Baird lifted their price target on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Finally, Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a Hold rating, Based on data from MarketBeat.com, Informatica has a consensus rating of "Hold" and an average price target of $23.67.

Insider Buying and Selling

In other Informatica news, Director Gerald Held sold 70,212 shares of the stock in a transaction on Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total value of $1,750,385.16. Following the sale, the director owned 198,845 shares in the company, valued at $4,957,205.85. This trade represents a 26.10% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 10,193 shares of the firm's stock in a transaction dated Monday, September 15th. The shares were sold at an average price of $24.79, for a total value of $252,684.47. Following the sale, the executive vice president directly owned 319,397 shares in the company, valued at approximately $7,917,851.63. The trade was a 3.09% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 441,818 shares of company stock worth $10,965,526. 2.80% of the stock is currently owned by corporate insiders.

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.