Jacobs Levy Equity Management Inc. Acquires Shares of 122,692 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 stake in shares of Informatica Inc. (NYSE:INFA - Free Report) during the 1st quarter, according to its most recent 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 institutional investors and hedge funds have also modified their holdings of INFA. The Manufacturers Life Insurance Company grew its holdings in shares of Informatica by 47.7% during the 4th quarter. The Manufacturers Life Insurance Company now owns 30,490 shares of the technology company's stock valued at $791,000 after acquiring an additional 9,846 shares in the last quarter. Northern Trust Corp grew its holdings in shares of Informatica by 41.9% during the 4th quarter. Northern Trust Corp now owns 398,063 shares of the technology company's stock valued at $10,322,000 after acquiring an additional 117,446 shares in the last quarter. Jane Street Group LLC grew its holdings 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 valued at $2,340,000 after acquiring an additional 81,940 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Informatica by 47.6% during the 4th quarter. Ameriprise Financial Inc. now owns 1,096,479 shares of the technology company's stock valued at $28,432,000 after acquiring an additional 353,717 shares in the last quarter. Finally, BNP Paribas Financial Markets bought a new stake in Informatica in the fourth quarter worth $3,650,000. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Informatica

In other news, CAO Francis R. Santiago sold 16,790 shares of the stock in a transaction that occurred on Wednesday, September 10th. The shares were sold at an average price of $24.78, for a total transaction of $416,056.20. Following the sale, the chief accounting officer directly owned 43,851 shares of the company's stock, valued at $1,086,627.78. This represents a 27.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Gerald Held sold 70,212 shares of the stock in a transaction that occurred on Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total transaction of $1,750,385.16. Following the sale, the director directly owned 198,845 shares in the company, valued at $4,957,205.85. This trade represents a 26.10% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 431,625 shares of company stock valued at $10,712,841 over the last three months. 2.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research firms have issued reports on INFA. Wells Fargo & Company upped their price target 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. Guggenheim cut shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price for the company. in a research note on Wednesday, August 6th. UBS Group increased their target price on shares of Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. JPMorgan Chase & Co. reiterated a "neutral" rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Finally, Truist Financial cut shares of Informatica from a "strong-buy" rating to a "hold" rating and increased their target price for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, According to MarketBeat, Informatica has an average rating of "Hold" and a consensus target price of $23.67.

Informatica Price Performance

Shares of INFA traded up $0.01 during mid-day trading on Tuesday, hitting $24.81. 1,313,474 shares of the company traded hands, compared to its average volume of 2,811,067. Informatica Inc. has a one year low of $15.65 and a one year high of $28.14. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75. The business has a 50-day moving average of $24.68 and a 200 day moving average of $21.82. The stock has a market capitalization of $7.56 billion, a price-to-earnings ratio of -620.25, a PEG ratio of 6.68 and a beta of 1.15.

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

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.