Pacer Advisors Inc. Boosts Stake in Informatica Inc. (NYSE:INFA)

Pacer Advisors Inc. raised its position in Informatica Inc. (NYSE:INFA - Free Report) by 4,066.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 255,831 shares of the technology company's stock after purchasing an additional 249,691 shares during the quarter. Pacer Advisors Inc. owned 0.08% of Informatica worth $4,464,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in INFA. Wellington Management Group LLP increased its position in shares of Informatica by 13.8% during the fourth quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock worth $341,111,000 after acquiring an additional 1,591,037 shares during the period. Vanguard Group Inc. boosted its stake in shares of Informatica by 28.6% during the fourth quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after purchasing an additional 2,409,023 shares in the last quarter. FIL Ltd boosted its stake in shares of Informatica by 0.9% during the fourth quarter. FIL Ltd now owns 10,449,229 shares of the technology company's stock valued at $270,949,000 after purchasing an additional 93,685 shares in the last quarter. FMR LLC boosted its stake in shares of Informatica by 126,639.2% during the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after purchasing an additional 10,361,617 shares in the last quarter. Finally, Invesco Ltd. boosted its stake in shares of Informatica by 16.3% during the fourth quarter. Invesco Ltd. now owns 2,626,600 shares of the technology company's stock valued at $68,108,000 after purchasing an additional 367,272 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

INFA has been the topic of a number of recent research reports. UBS Group increased their price objective on shares of Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. The Goldman Sachs Group increased their price objective on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a research note on Thursday, May 8th. Wolfe Research downgraded shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Scotiabank increased their price objective on shares of Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research note on Thursday, May 8th. Finally, JPMorgan Chase & Co. reiterated a "neutral" rating and set a $25.00 price objective (up 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 and one has assigned a buy rating to the stock. According to data from MarketBeat, Informatica has an average rating of "Hold" and an average price target of $24.46.

Insiders Place Their Bets

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the firm's stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $24.15, for a total value of $2,399,254.20. Following the completion of the transaction, the executive vice president 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 ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of the firm's stock in a transaction on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the completion of the transaction, the executive vice president directly owned 382,005 shares of the company's stock, valued at approximately $9,168,120. This represents a 23.32% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 276,205 shares of company stock valued at $6,600,164. Corporate insiders own 2.80% of the company's stock.

Informatica Trading Down 0.2%

NYSE INFA opened at $24.56 on Tuesday. The company has a fifty day simple moving average of $23.90 and a two-hundred day simple moving average of $21.47. The stock has a market cap of $7.43 billion, a P/E ratio of -2,456,000.00, a P/E/G ratio of 5.96 and a beta of 1.15. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.14. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78.

Informatica (NYSE:INFA - Get Free Report) last posted its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.22. The business had revenue of $403.90 million during the quarter, compared to analysts' expectations of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. The business's quarterly revenue was up 3.9% on a year-over-year basis. During the same quarter last year, the company posted $0.22 earnings per share. On average, analysts forecast that Informatica Inc. will post 0.63 earnings per share for the current 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.

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