Wellington Management Group LLP Has $125.74 Million Stake in Informatica Inc. $INFA

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 holdings 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 fund 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 approximately 2.38% of Informatica worth $125,741,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Wells Fargo & Company MN raised its position in Informatica by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after purchasing an additional 10,553 shares during the last quarter. D. E. Shaw & Co. Inc. bought a new position in Informatica in the 4th quarter valued at $748,000. Squarepoint Ops LLC bought a new position in Informatica in the 4th quarter valued at $2,062,000. Jane Street Group LLC raised its position in Informatica by 987.2% in the 4th quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock valued at $2,340,000 after purchasing an additional 81,940 shares during the last quarter. Finally, State of Wyoming raised its position in Informatica by 274.2% in the 4th quarter. State of Wyoming now owns 20,581 shares of the technology company's stock valued at $534,000 after purchasing an additional 15,081 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on INFA. Truist Financial downgraded Informatica from a "strong-buy" rating to a "hold" rating and boosted their target price for the stock from $24.00 to $25.00 in a research report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on Informatica in a research report on Wednesday, May 28th. UBS Group boosted their target price on Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price for the company. in a research report on Wednesday, August 6th. Finally, Robert W. Baird boosted their target price on Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $23.67.

Informatica Trading Up 0.0%

NYSE INFA traded up $0.01 on Wednesday, reaching $24.85. The company had a trading volume of 1,984,172 shares, compared to its average volume of 2,331,558. The stock's 50 day moving average is $24.52 and its 200-day moving average is $21.46. The stock has a market cap of $7.57 billion, a price-to-earnings ratio of -621.13, a PEG ratio of 6.69 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 Inc. has a 52 week low of $15.65 and a 52 week high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The company had revenue of $407.34 million during 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 for the quarter 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. Equities analysts predict that Informatica Inc. will post 0.63 earnings per share for the current year.

Insider Transactions at Informatica

In related news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction dated Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the sale, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP John Arthur Schweitzer sold 49,104 shares of the company's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.72, for a total value of $1,213,850.88. Following the completion of the sale, the executive vice president owned 352,266 shares of the company's stock, valued at $8,708,015.52. This represents a 12.23% decrease in their position. The disclosure for this sale can be found here. Insiders sold 197,381 shares of company stock valued at $4,798,165 in the last quarter. 2.80% of the stock is currently owned by corporate insiders.

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.