Gotham Asset Management LLC Sells 21,925 Shares of Informatica Inc. (NYSE:INFA)

Gotham Asset Management LLC lessened its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 32.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 45,734 shares of the technology company's stock after selling 21,925 shares during the period. Gotham Asset Management LLC's holdings in Informatica were worth $1,186,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INFA. New Age Alpha Advisors LLC acquired a new stake in shares of Informatica during the 4th quarter worth approximately $43,000. PNC Financial Services Group Inc. boosted its position 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 worth $66,000 after acquiring an additional 667 shares in the last quarter. KBC Group NV boosted its position in Informatica by 69.4% in the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares in the last quarter. Aquatic Capital Management LLC acquired a new stake in Informatica in the fourth quarter valued at approximately $88,000. Finally, Sterling Capital Management LLC boosted its position in Informatica by 98.6% in the fourth quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock valued at $125,000 after buying an additional 2,402 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Informatica Stock Down 1.1%

INFA traded down $0.21 during midday trading on Wednesday, hitting $19.03. The company had a trading volume of 1,832,426 shares, compared to its average volume of 2,149,471. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The company has a market capitalization of $5.76 billion, a price-to-earnings ratio of 634.68, a PEG ratio of 4.44 and a beta of 1.04. The stock's 50 day moving average price is $18.19 and its 200 day moving average price is $22.25.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results 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 return on equity of 5.76% and a net margin of 0.61%. The company had revenue of $403.90 million for the quarter, compared to analysts' expectations of $392.14 million. During the same period last year, the business earned $0.22 EPS. Informatica's quarterly revenue was up 3.9% compared to the same quarter last year. On average, research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have weighed in on INFA. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price on the stock. in a research report on Friday, February 14th. Guggenheim reaffirmed a "buy" rating and issued a $37.00 target price on shares of Informatica in a report on Friday, January 31st. Robert W. Baird reaffirmed a "neutral" rating and issued a $19.00 target price (down previously from $35.00) on shares of Informatica in a report on Friday, February 14th. DA Davidson lowered their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Finally, Bank of America cut Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average price target of $23.69.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,729 shares of the business's stock in a transaction dated Thursday, May 15th. The shares were sold at an average price of $19.36, for a total transaction of $227,073.44. Following the completion of the sale, the executive vice president now directly owns 404,681 shares of the company's stock, valued at $7,834,624.16. The trade was a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Insiders sold a total of 34,735 shares of company stock valued at $643,827 over the last three months. Corporate insiders own 48.10% of the company's stock.

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.