Informatica Inc. $INFA Shares Purchased 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 increased its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 59.1% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 202,500 shares of the technology company's stock after purchasing an additional 75,200 shares during the period. Swiss National Bank owned approximately 0.07% of Informatica worth $3,534,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently made changes to their positions in the company. Wells Fargo & Company MN raised its holdings in shares of Informatica by 15.0% during the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock worth $2,101,000 after purchasing an additional 10,553 shares during the last quarter. D. E. Shaw & Co. Inc. purchased a new position in shares of Informatica during the fourth quarter worth $748,000. Squarepoint Ops LLC purchased a new position in shares of Informatica during the fourth quarter worth $2,062,000. Jane Street Group LLC raised its holdings in shares of Informatica by 987.2% during the fourth quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock worth $2,340,000 after purchasing an additional 81,940 shares during the last quarter. Finally, State of Wyoming raised its holdings in shares of Informatica by 274.2% during the fourth quarter. State of Wyoming now owns 20,581 shares of the technology company's stock worth $534,000 after purchasing an additional 15,081 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Activity

In other news, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction dated 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 sale, the executive vice president owned 391,959 shares in the company, valued at $9,465,809.85. This trade represents a 20.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP John Arthur Schweitzer sold 49,104 shares of Informatica stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the completion of the sale, the executive vice president owned 352,266 shares in the company, valued at approximately $8,708,015.52. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 197,381 shares of company stock worth $4,798,165. Company insiders own 2.80% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on INFA shares. Scotiabank raised their target price on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Wells Fargo & Company raised their target price on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a report on Wednesday, May 28th. The Goldman Sachs Group lifted their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Truist Financial cut shares of Informatica from a "strong-buy" rating to a "hold" rating and lifted their price objective for the company from $24.00 to $25.00 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, Informatica currently has an average rating of "Hold" and a consensus price target of $23.67.

Informatica Price Performance

Shares of NYSE INFA traded up $0.09 during trading on Tuesday, hitting $24.86. The company had a trading volume of 2,815,805 shares, compared to its average volume of 2,402,883. The stock has a fifty day simple moving average of $24.51 and a two-hundred day simple moving average of $21.44. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $28.14. The firm has a market capitalization of $7.57 billion, a price-to-earnings ratio of -621.38, a price-to-earnings-growth ratio of 6.67 and a beta of 1.15. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The company had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. During the same quarter last year, the business earned $0.23 EPS. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. On average, research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Informatica 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.