Invesco Ltd. Buys 981,237 Shares of Informatica Inc. $INFA

Key Points

• Invesco Ltd. has increased its stake in Informatica Inc. by 37.4% during the first quarter, acquiring 981,237 shares, totaling approximately $62.96 million.
• Multiple hedge funds, including Parallel Advisors and Harel Insurance Investments, have significantly increased their investments in Informatica, with some raising their positions by over 540%.
• Informatica's recent earnings report showed a loss and revenue growth, posting an EPS of $0.18, missing analysts' expectations, despite a revenue increase of 1.7% year-over-year.

Invesco Ltd. lifted its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 37.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 3,607,837 shares of the technology company's stock after purchasing an additional 981,237 shares during the period. Invesco Ltd. owned 1.19% of Informatica worth $62,957,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in INFA. Parallel Advisors LLC lifted its position in shares of Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,216 shares in the last quarter. Versant Capital Management Inc raised its position in Informatica by 7,053.8% in the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after acquiring an additional 1,834 shares during the period. New Age Alpha Advisors LLC raised its position in Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after acquiring an additional 862 shares during the period. Harel Insurance Investments & Financial Services Ltd. raised its position in Informatica by 1,545.0% in the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after acquiring an additional 2,642 shares during the period. Finally, Deutsche Bank AG raised its position in Informatica by 126.1% in the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock worth $52,000 after acquiring an additional 1,660 shares during the period. 98.45% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on INFA shares. Robert W. Baird lifted their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. UBS Group lifted their price objective on shares of Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Wolfe Research lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Wells Fargo & Company lifted their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Royal Bank Of Canada set a $25.00 price objective on shares of Informatica in a research report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $23.67.

Insider Activity at Informatica

In related news, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction that occurred 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 completion of the transaction, the executive vice president owned 391,959 shares of the company's stock, valued at approximately $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The shares were 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 of the company's stock, valued at approximately $9,168,120. This represents a 23.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 313,580 shares of company stock valued at $7,586,941. 2.80% of the stock is owned by corporate insiders.

Informatica Stock Performance

Shares of INFA traded up $0.0050 during trading hours on Thursday, hitting $24.7250. The company's stock had a trading volume of 749,809 shares, compared to its average volume of 2,660,546. The company has a market cap of $7.48 billion, a price-to-earnings ratio of -618.13, a PEG ratio of 6.66 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. The business has a 50 day simple moving average of $24.47 and a two-hundred day simple moving average of $21.49. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $407.34 million for the quarter, compared to analysts' expectations of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. Informatica's revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. On average, equities analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

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.