Pacer Advisors Inc. Raises Stock Position in Informatica Inc. (NYSE:INFA)

Key Points

• Pacer Advisors Inc. significantly raised its holdings in Informatica Inc. by 4,066.6%, now owning 255,831 shares valued at approximately $4.46 million.
• Multiple hedge funds have also increased their stakes, with notable increases from Parallel Advisors LLC (540.4%) and Versant Capital Management Inc. (7,053.8%) in the first quarter.
• Wall Street analysts remain cautious, with most ratings around "hold" and a consensus price target of $24.46 following recent adjustments to price objectives by firms like Goldman Sachs and Truist Financial.

Pacer Advisors Inc. lifted its stake in Informatica Inc. (NYSE:INFA - Free Report) by 4,066.6% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 255,831 shares of the technology company's stock after buying an additional 249,691 shares during the quarter. Pacer Advisors Inc. owned approximately 0.08% of Informatica worth $4,464,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of INFA. Parallel Advisors LLC boosted its position in shares of Informatica by 540.4% during the 1st quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after acquiring an additional 1,216 shares during the last quarter. Versant Capital Management Inc raised its stake in Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC bought a new position in Informatica during the fourth quarter valued at $43,000. Harel Insurance Investments & Financial Services Ltd. grew its stake in shares of Informatica by 1,545.0% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock worth $49,000 after buying an additional 2,642 shares in the last quarter. Finally, Amalgamated Bank increased its holdings in shares of Informatica by 16.9% in the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock worth $71,000 after buying an additional 591 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Insider Buying and Selling at Informatica

In related news, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction dated 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 sale, the executive vice president directly 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP John Arthur Schweitzer sold 116,199 shares of the stock in a transaction dated 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 transaction, the executive vice president owned 382,005 shares in the company, valued at approximately $9,168,120. The trade was a 23.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 276,205 shares of company stock worth $6,600,164. Insiders own 2.80% of the company's stock.

Analyst Ratings Changes

Several research firms recently commented on INFA. Wells Fargo & Company lifted their price target on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and raised their price objective for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. Scotiabank boosted their target price on Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Royal Bank Of Canada set a $25.00 price target on Informatica in a report on Wednesday, May 28th. Finally, Wolfe Research lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Fifteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $24.17.

Informatica Trading Down 0.2%

Shares of NYSE:INFA traded down $0.06 during trading on Friday, reaching $24.65. 1,176,576 shares of the company were exchanged, compared to its average volume of 4,022,576. The business's fifty day simple moving average is $24.23 and its 200-day simple moving average is $21.52. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.92 and a quick ratio of 1.92. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.14. The firm has a market capitalization of $7.46 billion, a PE ratio of -2,464,500.00, a P/E/G ratio of 5.96 and a beta of 1.15.

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