Bank of New York Mellon Corp Grows Stock Position in Informatica Inc. (NYSE:INFA)

Bank of New York Mellon Corp raised its position in Informatica Inc. (NYSE:INFA - Free Report) by 4.9% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 458,307 shares of the technology company's stock after acquiring an additional 21,257 shares during the quarter. Bank of New York Mellon Corp owned approximately 0.15% of Informatica worth $7,997,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Parallel Advisors LLC raised its holdings in Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after purchasing an additional 1,216 shares in the last quarter. Versant Capital Management Inc raised its holdings in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after purchasing an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC acquired a new stake in Informatica during the fourth quarter worth approximately $43,000. Harel Insurance Investments & Financial Services Ltd. raised its holdings in 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 in the last quarter. Finally, PNC Financial Services Group Inc. raised its holdings in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock worth $66,000 after purchasing an additional 667 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Informatica Stock Performance

NYSE:INFA traded up $0.01 during midday trading 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. The firm has a fifty day simple moving average of $23.80 and a two-hundred day simple moving average of $21.50. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.14. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78. The stock has a market cap of $7.44 billion, a P/E ratio of -2,459,500.00, a P/E/G ratio of 5.96 and a beta of 1.15.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The firm had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. During the same period last year, the firm posted $0.22 EPS. Informatica's quarterly revenue was up 3.9% on a year-over-year basis. On average, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current year.

Insiders Place Their Bets

In other news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the transaction, the executive vice president directly owned 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 116,199 shares of the company's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the transaction, the executive vice president directly owned 382,005 shares in the company, valued at approximately $9,168,120. This trade represents a 23.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 276,205 shares of company stock worth $6,600,164. Corporate insiders own 2.80% of the company's stock.

Wall Street Analyst Weigh In

INFA has been the topic of a number of research analyst reports. JPMorgan Chase & Co. reissued a "neutral" rating and set a $25.00 price objective (up previously from $24.00) on shares of Informatica in a report on Wednesday, May 28th. Truist Financial cut shares of Informatica from a "strong-buy" rating to a "hold" rating and raised their price objective for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a report on Wednesday, May 28th. Wells Fargo & Company lifted their target price on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Finally, Scotiabank lifted their target price 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. Sixteen equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat, the company has an average rating of "Hold" and an average target price of $24.46.

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.