Northern Trust Corp Acquires 117,446 Shares of Informatica Inc. (NYSE:INFA)

Northern Trust Corp grew its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 41.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 398,063 shares of the technology company's stock after acquiring an additional 117,446 shares during the quarter. Northern Trust Corp owned about 0.13% of Informatica worth $10,322,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in INFA. New Age Alpha Advisors LLC purchased a new stake in shares of Informatica during the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. boosted its holdings in shares of Informatica by 35.3% during the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after acquiring an additional 667 shares during the last quarter. KBC Group NV boosted its holdings in shares of Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after acquiring an additional 1,325 shares during the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Informatica during the 4th quarter valued at about $88,000. Finally, Sterling Capital Management LLC boosted its holdings in shares of Informatica by 98.6% during the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock valued at $125,000 after acquiring an additional 2,402 shares during the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Insider Activity

In other news, EVP John Arthur Schweitzer sold 11,729 shares of Informatica stock in a transaction that occurred on Thursday, May 15th. The shares were sold at an average price of $19.36, for a total transaction of $227,073.44. Following the sale, the executive vice president now owns 404,681 shares in the company, valued at $7,834,624.16. This trade represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders have sold a total of 34,735 shares of company stock worth $643,827 over the last quarter. Insiders own 48.10% of the company's stock.

Analysts Set New Price Targets

INFA has been the topic of a number of recent analyst reports. Wells Fargo & Company downgraded shares of Informatica from a "buy" rating to an "equal weight" rating in a report on Friday, February 14th. Guggenheim reiterated a "buy" rating and issued a $37.00 price objective on shares of Informatica in a research note on Friday, January 31st. Truist Financial reiterated a "buy" rating and issued a $24.00 price objective (down previously from $34.00) on shares of Informatica in a research note on Friday, February 14th. Scotiabank increased their price objective on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Finally, Deutsche Bank Aktiengesellschaft cut shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective on the stock. in a research note on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $23.69.

Informatica Price Performance

NYSE:INFA traded up $3.40 during trading hours on Friday, hitting $22.60. 19,886,167 shares of the stock traded hands, compared to its average volume of 2,232,646. The company has a market cap of $6.84 billion, a price-to-earnings ratio of 753.72, a price-to-earnings-growth ratio of 4.44 and a beta of 1.04. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $31.65. The stock has a 50 day moving average price of $18.31 and a 200 day moving average price of $22.16.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. The firm had revenue of $403.90 million for the quarter, compared to analysts' expectations of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company's revenue for the quarter was up 3.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.22 earnings per share. Sell-side analysts forecast that Informatica Inc. will post 0.63 EPS 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.