Invesco Ltd. Boosts Stock Holdings in 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. raised its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 37.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 3,607,837 shares of the technology company's stock after acquiring an additional 981,237 shares during the quarter. Invesco Ltd. owned approximately 1.19% of Informatica worth $62,957,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Wells Fargo & Company MN grew its position in shares of Informatica by 15.0% during the fourth quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock worth $2,101,000 after purchasing an additional 10,553 shares in the last quarter. D. E. Shaw & Co. Inc. purchased a new stake in shares of Informatica during the 4th quarter valued at about $748,000. Squarepoint Ops LLC purchased a new stake in Informatica during the fourth quarter valued at approximately $2,062,000. Jane Street Group LLC boosted its stake in shares of Informatica by 987.2% during the 4th quarter. Jane Street Group LLC now owns 90,240 shares of the technology company's stock worth $2,340,000 after purchasing an additional 81,940 shares during the period. Finally, State of Wyoming lifted its stake in Informatica by 274.2% in the fourth quarter. State of Wyoming now owns 20,581 shares of the technology company's stock worth $534,000 after purchasing an additional 15,081 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Analysts Set New Price Targets

INFA has been the topic of several recent analyst reports. Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price target on the stock. in a report on Wednesday, August 6th. Scotiabank increased their target price on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Wells Fargo & Company lifted their target price on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 target price on shares of Informatica in a research report on Wednesday, May 28th. Finally, UBS Group upped their target price on Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a report on Thursday, August 7th. Sixteen equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $23.67.

Informatica Stock Down 0.1%

NYSE:INFA traded down $0.0250 during mid-day trading on Wednesday, hitting $24.7150. 511,143 shares of the company's stock traded hands, compared to its average volume of 3,864,023. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01. The company has a market capitalization of $7.48 billion, a P/E ratio of -617.88, a P/E/G ratio of 6.66 and a beta of 1.15. The company has a fifty day moving average of $24.45 and a 200 day moving average of $21.47.

Informatica (NYSE:INFA - Get Free Report) last released its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The company had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. During the same quarter last year, the business earned $0.23 earnings per share. The firm's revenue for the quarter was up 1.7% on a year-over-year basis. On average, analysts forecast that Informatica Inc. will post 0.63 EPS for the current year.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 116,199 shares of the firm's stock in a transaction dated Friday, May 23rd. The stock was sold at an average price of $24.00, for a total value of $2,788,776.00. Following the completion of the transaction, the executive vice president directly owned 382,005 shares in the company, valued at $9,168,120. This trade represents a 23.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Ansa Sekharan sold 99,348 shares of the company'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 value of $2,399,254.20. Following the completion of the sale, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. This represents a 20.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 313,580 shares of company stock valued at $7,586,941. Company insiders own 2.80% 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.