Arizona State Retirement System Has $523,000 Stock Holdings in Informatica Inc. (NYSE:INFA)

Arizona State Retirement System grew its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 59.6% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 29,983 shares of the technology company's stock after buying an additional 11,200 shares during the period. Arizona State Retirement System's holdings in Informatica were worth $523,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of the company. Banque Pictet & Cie SA acquired a new stake in shares of Informatica during the 1st quarter worth approximately $277,000. Linden Thomas Advisory Services LLC lifted its holdings in shares of Informatica by 4.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 51,759 shares of the technology company's stock valued at $903,000 after buying an additional 2,051 shares during the period. Bank of New York Mellon Corp raised its position in shares of Informatica by 4.9% during the first quarter. Bank of New York Mellon Corp now owns 458,307 shares of the technology company's stock worth $7,997,000 after purchasing an additional 21,257 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after purchasing an additional 2,642 shares during the period. Finally, Sumitomo Mitsui DS Asset Management Company Ltd grew its stake in Informatica by 52.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,131 shares of the technology company's stock valued at $316,000 after purchasing an additional 6,202 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Informatica Price Performance

Shares of INFA traded up $0.01 during trading hours on Friday, reaching $24.60. The stock had a trading volume of 2,935,560 shares, compared to its average volume of 5,758,275. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $28.14. The stock has a market capitalization of $7.44 billion, a PE ratio of -2,459,500.00, a PEG ratio of 5.95 and a beta of 1.15. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. The company's 50-day moving average is $23.80 and its two-hundred day moving average is $21.53.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, meeting analysts' consensus estimates of $0.22. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The company had revenue of $403.90 million during the quarter, compared to analysts' expectations of $392.14 million. During the same period in the prior year, the company earned $0.22 EPS. Informatica's revenue was up 3.9% compared to the same quarter last year. Research analysts expect that Informatica Inc. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In related news, EVP John Arthur Schweitzer sold 48,929 shares of the stock in a transaction on Tuesday, July 15th. The stock was sold at an average price of $24.22, for a total value of $1,185,060.38. Following the completion of the sale, the executive vice president directly owned 362,637 shares in the company, valued at $8,783,068.14. This represents a 11.89% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction on 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 sale, the executive vice president owned 391,959 shares of the company's stock, valued at $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 276,205 shares of company stock valued at $6,600,164 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts have recently issued reports on INFA shares. Robert W. Baird upped their price target on Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $25.00 target price (up from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Wells Fargo & Company raised their price target on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. DA Davidson lowered their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research note on Monday, April 14th. Finally, Scotiabank raised their price target on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Sixteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $24.46.

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.