Nuveen LLC Invests $2.36 Million in Informatica Inc. $INFA

Key Points

• Nuveen LLC invested approximately $2.36 million in Informatica Inc., acquiring 135,488 shares of the company during the first quarter.
• Informatica's stock is currently experiencing a slight decline of 0.1%, with a market capitalization of $7.60 billion and a 1-year trading range between $15.65 and $28.14.
• Several analysts have recently adjusted their ratings, with a majority giving Informatica a Hold rating and an average price target of approximately $23.67.

Nuveen LLC acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 135,488 shares of the technology company's stock, valued at approximately $2,364,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in INFA. D. E. Shaw & Co. Inc. acquired a new stake in shares of Informatica in the fourth quarter valued at approximately $748,000. Squarepoint Ops LLC bought a new position in Informatica during the 4th quarter worth $2,062,000. Jane Street Group LLC raised its holdings in Informatica by 987.2% in 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. State of Wyoming lifted its position in shares of Informatica by 274.2% during the 4th quarter. State of Wyoming now owns 20,581 shares of the technology company's stock valued at $534,000 after acquiring an additional 15,081 shares during the period. Finally, Amalgamated Bank grew its holdings in shares of Informatica by 16.9% during the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock worth $71,000 after purchasing an additional 591 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 49,104 shares of the business's stock in a transaction that occurred on Friday, August 15th. The stock was sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the completion of the sale, the executive vice president owned 352,266 shares in the company, valued at $8,708,015.52. The trade was a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction dated Thursday, June 5th. The shares were sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the transaction, the executive vice president owned 391,959 shares of the company's stock, valued at $9,465,809.85. This represents a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 197,381 shares of company stock valued at $4,798,165 over the last ninety days. 2.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several equities analysts have recently commented on the stock. Wolfe Research cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Wells Fargo & Company boosted their price objective on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Robert W. Baird raised their target price on Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a report on Wednesday, May 28th. Guggenheim cut Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price target for the company. in a report on Wednesday, August 6th. Finally, Royal Bank Of Canada set a $25.00 price target on shares of Informatica in a research note on Wednesday, May 28th. Sixteen analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, Informatica presently has a consensus rating of "Hold" and a consensus target price of $23.67.

Informatica Trading Down 0.0%

INFA stock traded down $0.01 during trading on Wednesday, hitting $24.94. The company had a trading volume of 1,383,549 shares, compared to its average volume of 3,850,887. The stock has a market cap of $7.60 billion, a PE ratio of -623.38, a PEG ratio of 6.72 and a beta of 1.15. The business has a 50-day moving average of $24.59 and a 200-day moving average of $21.45. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75. Informatica Inc. has a one year low of $15.65 and a one year high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share 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 business had revenue of $407.34 million for the quarter, compared to analyst estimates of $401.76 million. During the same quarter in the previous year, the business posted $0.23 earnings per share. The business's revenue was up 1.7% on a year-over-year basis. Research analysts predict that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

About Informatica

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.