Informatica Inc. (NYSE:INFA) Shares Acquired by State of Wyoming

State of Wyoming increased its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 274.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 20,581 shares of the technology company's stock after buying an additional 15,081 shares during the period. State of Wyoming's holdings in Informatica were worth $534,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. PNC Financial Services Group Inc. grew its stake in shares of Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after acquiring an additional 667 shares in the last quarter. KBC Group NV grew its stake in Informatica by 69.4% during the 4th 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 in the last quarter. Pacer Advisors Inc. increased its holdings in Informatica by 30.6% during the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after purchasing an additional 1,437 shares during the last quarter. New Age Alpha Advisors LLC purchased a new stake in Informatica during the 4th quarter worth approximately $43,000. Finally, Flputnam Investment Management Co. raised its position in shares of Informatica by 1.9% in the 4th quarter. Flputnam Investment Management Co. now owns 112,444 shares of the technology company's stock valued at $2,916,000 after purchasing an additional 2,129 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Down 1.3%

NYSE:INFA opened at $19.44 on Tuesday. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a 50 day moving average of $18.16 and a 200-day moving average of $22.27. The firm has a market capitalization of $5.88 billion, a PE ratio of 648.22, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65.

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

Analysts Set New Price Targets

A number of research firms have recently weighed in on INFA. Baird R W downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Wells Fargo & Company lowered shares of Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. UBS Group boosted their target price on shares of Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday. Wedbush cut shares of Informatica to a "neutral" rating in a research report on Friday, February 14th. Finally, Guggenheim reiterated a "buy" rating and issued a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. Thirteen investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.69.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,729 shares of the business's stock in a transaction that occurred on Thursday, May 15th. The stock was sold at an average price of $19.36, for a total transaction of $227,073.44. Following the completion of the transaction, the executive vice president now directly owns 404,681 shares in the company, 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 filing with the SEC, which is accessible through the SEC website. Over the last quarter, insiders sold 34,735 shares of company stock worth $643,827. Insiders own 48.10% of the company's stock.

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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