Informatica Inc. $INFA Holdings Boosted by Swiss National Bank

Key Points

• The Swiss National Bank increased its holdings in Informatica Inc. by 59.1% during the first quarter, owning 202,500 shares valued at approximately $3.53 million.
• Informatica reported a quarterly EPS of $0.18, missing estimates, but had a revenue of $407.34 million which was above the consensus.
• Several institutions, including Wells Fargo and Marshall Wace LLP, raised their price targets for Informatica, with many setting it at $25.00 following recent performance reviews.

Swiss National Bank boosted its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 59.1% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 202,500 shares of the technology company's stock after acquiring an additional 75,200 shares during the period. Swiss National Bank owned about 0.07% of Informatica worth $3,534,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of INFA. Wells Fargo & Company MN lifted its holdings in Informatica by 15.0% in the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock worth $2,101,000 after acquiring an additional 10,553 shares during the last quarter. Raymond James Financial Inc. bought a new stake in shares of Informatica during the fourth quarter valued at approximately $4,486,000. Barclays PLC raised its holdings in shares of Informatica by 5.1% during the fourth quarter. Barclays PLC now owns 71,959 shares of the technology company's stock valued at $1,866,000 after buying an additional 3,497 shares during the last quarter. Mariner LLC raised its holdings in shares of Informatica by 44.5% during the fourth quarter. Mariner LLC now owns 19,089 shares of the technology company's stock valued at $495,000 after buying an additional 5,883 shares during the last quarter. Finally, Marshall Wace LLP raised its holdings in shares of Informatica by 159.5% during the fourth quarter. Marshall Wace LLP now owns 313,883 shares of the technology company's stock valued at $8,139,000 after buying an additional 192,906 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Informatica Price Performance

Shares of NYSE:INFA opened at $24.7250 on Thursday. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $28.14. The stock has a market cap of $7.48 billion, a price-to-earnings ratio of -618.13, a PEG ratio of 6.67 and a beta of 1.15. The stock's 50 day moving average price is $24.46 and its 200 day moving average price is $21.50. 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 (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The firm had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. During the same period in the previous year, the firm earned $0.23 EPS. Informatica's revenue for the quarter was up 1.7% on a year-over-year basis. Equities research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INFA. Royal Bank Of Canada set a $25.00 price target on Informatica in a report on Wednesday, May 28th. Wells Fargo & Company lifted their price target on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Robert W. Baird lifted their price target on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $25.00 price target (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Finally, The Goldman Sachs Group lifted their price target on Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Sixteen equities research analysts have rated the stock with a Hold rating, According to MarketBeat.com, Informatica currently has a consensus rating of "Hold" and a consensus price target of $23.67.

Insider Activity at Informatica

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction that occurred on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the transaction, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP John Arthur Schweitzer sold 116,199 shares of Informatica stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the completion of the transaction, the executive vice president owned 382,005 shares in the company, valued at approximately $9,168,120. This trade represents a 23.32% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 313,580 shares of company stock worth $7,586,941. 2.80% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding INFA? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Informatica Inc. (NYSE:INFA - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.