Informatica Inc. (NYSE:INFA) Shares Purchased by TFG Asset Management GP Ltd

TFG Asset Management GP Ltd lifted its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 50.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 600,000 shares of the technology company's stock after purchasing an additional 200,000 shares during the period. Informatica comprises approximately 3.3% of TFG Asset Management GP Ltd's portfolio, making the stock its 9th largest position. TFG Asset Management GP Ltd owned approximately 0.20% of Informatica worth $15,558,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. New Age Alpha Advisors LLC acquired a new position in Informatica in the fourth quarter valued at $43,000. PNC Financial Services Group Inc. grew its position in shares of Informatica by 35.3% in the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares during the last quarter. KBC Group NV grew its position in shares of 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 purchasing an additional 1,325 shares during the last quarter. Aquatic Capital Management LLC acquired a new stake in shares of Informatica in the fourth quarter valued at approximately $88,000. Finally, Sterling Capital Management LLC lifted its stake in shares of Informatica by 98.6% during 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 during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 11,729 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $19.36, for a total transaction of $227,073.44. Following the transaction, the executive vice president now directly owns 404,681 shares of the company's stock, valued at approximately $7,834,624.16. The trade was a 2.82% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders have sold a total of 34,735 shares of company stock valued at $643,827 over the last ninety days. Corporate insiders own 48.10% of the company's stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on INFA. Wedbush downgraded shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada raised their target price on shares of Informatica from $19.00 to $22.00 and gave the company a "sector perform" rating in a research note on Tuesday. Scotiabank raised their price target on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. The Goldman Sachs Group raised their price objective on shares of Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a report on Thursday, May 8th. Finally, Guggenheim reissued a "buy" rating and set a $37.00 price objective on shares of Informatica in a report on Friday, January 31st. Sixteen investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $24.23.

Informatica Stock Performance

NYSE:INFA traded up $0.24 during mid-day trading on Wednesday, hitting $24.16. The stock had a trading volume of 11,823,560 shares, compared to its average volume of 2,545,882. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The stock has a market capitalization of $7.31 billion, a price-to-earnings ratio of 805.60, a P/E/G ratio of 4.44 and a beta of 1.04. The company has a 50 day simple moving average of $18.63 and a 200-day simple moving average of $22.11. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The company had revenue of $403.90 million for the quarter, compared to the consensus estimate of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. Informatica's revenue was up 3.9% on a year-over-year basis. During the same period in the previous year, the firm earned $0.22 EPS. On average, research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Informatica Company 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.