Mackenzie Financial Corp Makes New $444,000 Investment in Informatica Inc. (NYSE:INFA)

Mackenzie Financial Corp bought a new position in Informatica Inc. (NYSE:INFA - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 25,417 shares of the technology company's stock, valued at approximately $444,000.

A number of other large investors have also recently modified their holdings of the stock. LPL Financial LLC boosted its position in shares of Informatica by 23.5% during the fourth quarter. LPL Financial LLC now owns 107,444 shares of the technology company's stock valued at $2,638,000 after purchasing an additional 20,410 shares in the last quarter. Arrowstreet Capital Limited Partnership bought a new stake in shares of Informatica during the 4th quarter valued at $2,696,000. Alliancebernstein L.P. boosted its holdings in shares of Informatica by 23.1% during the 4th quarter. Alliancebernstein L.P. now owns 41,575 shares of the technology company's stock valued at $1,078,000 after buying an additional 7,813 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Informatica by 24.4% in the 4th quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company's stock worth $39,140,000 after buying an additional 295,801 shares during the period. Finally, Wells Fargo & Company MN increased its stake in shares of Informatica by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock worth $2,101,000 after acquiring an additional 10,553 shares in the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on INFA shares. Robert W. Baird boosted their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 28th. UBS Group lifted their target price on shares of Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a report on Thursday. The Goldman Sachs Group boosted their price target on Informatica from $18.00 to $20.00 and gave the stock a "neutral" rating in a research report on Thursday, May 8th. Royal Bank Of Canada set a $25.00 price objective on Informatica in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $25.00 price objective (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Sixteen research analysts have rated the stock with a hold rating, Based on data from MarketBeat.com, Informatica presently has an average rating of "Hold" and a consensus target price of $23.67.

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 48,929 shares of the firm's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $24.22, for a total value of $1,185,060.38. Following the sale, the executive vice president owned 362,637 shares in the company, valued at approximately $8,783,068.14. This trade represents a 11.89% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the completion of the sale, the executive vice president directly owned 391,959 shares of the company's stock, valued at approximately $9,465,809.85. This trade represents a 20.22% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 276,205 shares of company stock worth $6,600,164. Insiders own 2.80% of the company's stock.

Informatica Stock Down 0.1%

Informatica stock opened at $24.70 on Friday. Informatica Inc. has a 12 month low of $15.65 and a 12 month high of $28.14. The stock has a fifty day simple moving average of $24.35 and a two-hundred day simple moving average of $21.53. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. The firm has a market cap of $7.47 billion, a price-to-earnings ratio of -617.38, a PEG ratio of 5.99 and a beta of 1.15.

Informatica (NYSE:INFA - Get Free Report) last released 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). Informatica had a positive return on equity of 4.67% and a negative net margin of 0.45%. The business had revenue of $407.34 million during the quarter, compared to the consensus estimate of $401.76 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. Informatica's quarterly revenue was up 1.7% compared to the same quarter last year. Equities analysts predict that Informatica Inc. will post 0.63 EPS 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.