TFG Asset Management GP Ltd Has $15.56 Million Stock Holdings in Informatica Inc. (NYSE:INFA)

TFG Asset Management GP Ltd increased its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 50.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 600,000 shares of the technology company's stock after buying an additional 200,000 shares during the quarter. Informatica accounts for approximately 3.8% of TFG Asset Management GP Ltd's holdings, making the stock its 7th largest holding. TFG Asset Management GP Ltd owned 0.20% of Informatica worth $15,558,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. New Age Alpha Advisors LLC acquired a new position in shares of Informatica during the fourth quarter worth about $43,000. PNC Financial Services Group Inc. lifted its stake in Informatica by 35.3% in the 4th 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 lifted its stake in Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,325 shares in the last quarter. Aquatic Capital Management LLC acquired a new position in Informatica during the 4th quarter worth approximately $88,000. Finally, Sterling Capital Management LLC grew its stake in shares of Informatica by 98.6% during the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock worth $125,000 after acquiring an additional 2,402 shares in the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Activity at Informatica

In related news, EVP John Arthur Schweitzer sold 11,729 shares of the business's stock in a transaction 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 sale, the executive vice president now owns 404,681 shares in the company, valued at $7,834,624.16. The trade was a 2.82% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders have sold 34,735 shares of company stock valued at $643,827 over the last ninety days. 48.10% of the stock is owned by corporate insiders.

Informatica Stock Performance

INFA stock traded down $0.34 during midday trading on Friday, reaching $18.86. 307,665 shares of the company were exchanged, compared to its average volume of 2,148,560. The firm has a market capitalization of $5.71 billion, a price-to-earnings ratio of 628.71, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The business has a 50-day moving average price of $18.22 and a two-hundred day moving average price of $22.18. Informatica Inc. has a one year low of $15.65 and a one year high of $31.65. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17.

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

Analysts Set New Price Targets

A number of analysts have recently commented on the stock. Deutsche Bank Aktiengesellschaft lowered shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective on the stock. in a research report on Friday, February 14th. DA Davidson lowered their price target on shares of Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group increased their price objective on shares of Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research note on Friday, May 16th. Royal Bank of Canada decreased their price objective on Informatica from $20.00 to $19.00 and set a "sector perform" rating for the company in a report on Thursday, May 8th. Finally, Bank of America lowered Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $23.69.

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.