Jacobs Levy Equity Management Inc. Invests $2.14 Million in Informatica Inc. $INFA

Key Points

• Jacobs Levy Equity Management Inc. has made a new investment of approximately $2.14 million in Informatica Inc., acquiring 122,692 shares of the company's stock in the first quarter.
• Several other large investors have significantly increased their positions in Informatica, with some reporting increases of up to 7,053.8% during the same period.
• Informatica's latest earnings report showed a quarterly revenue of $407.34 million, surpassing analysts' expectations, although it missed the earnings per share estimate by $0.03.

Jacobs Levy Equity Management Inc. purchased a new position in Informatica Inc. (NYSE:INFA - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 122,692 shares of the technology company's stock, valued at approximately $2,141,000.

Several other large investors have also recently made changes to their positions in INFA. Parallel Advisors LLC raised its position in shares of Informatica by 540.4% in the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after acquiring an additional 1,216 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Informatica by 7,053.8% in the 1st 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 in the last quarter. New Age Alpha Advisors LLC raised its position in shares of Informatica by 51.5% in the 1st 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 in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Informatica by 1,545.0% in the 1st 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 in the last quarter. Finally, Deutsche Bank AG raised its position in shares of Informatica by 126.1% in the 1st 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 in the last quarter. 98.45% of the stock is owned by institutional investors.

Informatica Stock Performance

Informatica stock traded down $0.02 during trading hours on Friday, hitting $24.79. 2,505,457 shares of the stock traded hands, compared to its average volume of 2,789,796. 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 firm's 50 day moving average price is $24.66 and its 200-day moving average price is $21.74. The stock has a market capitalization of $7.55 billion, a price-to-earnings ratio of -619.63, a P/E/G ratio of 6.68 and a beta of 1.15. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share 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%. The firm's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.23 EPS. As a group, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INFA has been the subject of several recent research reports. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $24.00 to $25.00 in a research report on Wednesday, May 28th. Wells Fargo & Company upped their target price on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Wolfe Research lowered Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. UBS Group upped their target price on Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research report on Thursday, August 7th. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $25.00 target price (up from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Sixteen analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $23.67.

Insider Transactions at Informatica

In other Informatica news, Director Gerald Held sold 70,212 shares of the business's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the sale, the director owned 198,845 shares in the company, valued at approximately $4,957,205.85. The trade was a 26.10% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce R. Chizen sold 246,590 shares of the business's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $6,147,488.70. Following the sale, the insider owned 368,874 shares in the company, valued at approximately $9,196,028.82. The trade was a 40.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 431,625 shares of company stock worth $10,712,841 in the last 90 days. 2.80% of the stock is owned by company insiders.

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.