Informatica Inc. $INFA Stock Position Decreased by Wellington Management Group LLP

Key Points

• Wellington Management Group decreased its stake in Informatica Inc. by 45.2%, reducing its shares to 7,205,767, worth approximately $125.7 million.
• Several other institutional investors, including Invesco Ltd. and Ameriprise Financial Inc., have increased their holdings in Informatica during recent quarters, indicating mixed sentiments among large investors.
• Informatica reported earnings of $0.18 per share for the latest quarter, falling short of analysts' expectations, with revenues up 1.7% year-over-year despite a negative net margin of 0.45%.

Wellington Management Group LLP decreased its position in Informatica Inc. (NYSE:INFA - Free Report) by 45.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,205,767 shares of the technology company's stock after selling 5,949,317 shares during the quarter. Wellington Management Group LLP owned about 2.38% of Informatica worth $125,741,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Invesco Ltd. raised its holdings in Informatica by 37.4% during the first quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company's stock valued at $62,957,000 after buying an additional 981,237 shares in the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Informatica by 21.9% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,618,777 shares of the technology company's stock valued at $41,975,000 after acquiring an additional 290,587 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in Informatica by 47.6% in the 4th quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock worth $28,432,000 after purchasing an additional 353,717 shares during the last quarter. TFG Asset Management GP Ltd boosted its position in Informatica by 50.0% during the fourth quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company's stock worth $15,558,000 after purchasing an additional 200,000 shares during the period. Finally, Balyasny Asset Management L.P. bought a new stake in Informatica during the fourth quarter worth approximately $14,464,000. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on INFA. Guggenheim downgraded shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price objective for the company. in a report on Wednesday, August 6th. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Robert W. Baird raised their price target on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price objective on Informatica in a research report on Wednesday, May 28th. Finally, Wells Fargo & Company increased their target price on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research note on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $23.67.

Insiders Place Their Bets

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

Informatica Trading Up 0.0%

Informatica stock opened at $24.7250 on Friday. The business has a 50 day moving average price of $24.47 and a two-hundred day moving average price of $21.49. 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 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 price-to-earnings-growth ratio of 6.66 and a beta of 1.15.

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 business had revenue of $407.34 million during the quarter, compared to analyst estimates 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 quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.23 EPS. As a group, equities analysts forecast that Informatica Inc. will post 0.63 EPS 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.

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