Praxis Investment Management Inc. purchased a new position in Informatica Inc. (NYSE:INFA - Free Report) during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 12,520 shares of the technology company's stock, valued at approximately $218,000.
A number of other institutional investors and hedge funds have also modified their holdings of the company. PNC Financial Services Group Inc. increased its holdings in 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 in the last quarter. L. Roy Papp & Associates LLP grew its position in shares of Informatica by 1.9% in the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock valued at $889,000 after purchasing an additional 961 shares during the last quarter. Parallel Advisors LLC grew its position in shares of Informatica by 540.4% in the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock valued at $25,000 after purchasing an additional 1,216 shares during the last quarter. New Age Alpha Advisors LLC purchased a new position in shares of Informatica during the 4th quarter worth approximately $43,000. Finally, Versant Capital Management Inc raised its position in shares of Informatica by 7,053.8% during the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock worth $32,000 after purchasing an additional 1,834 shares during the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.
Wall Street Analyst Weigh In
INFA has been the topic of a number of recent research reports. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and upped their target price for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. 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 report on Thursday, May 8th. UBS Group increased their price objective on Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a research note on Friday, May 16th. Royal Bank Of Canada set a $25.00 price objective on Informatica in a research report on Wednesday, May 28th. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and issued a $25.00 target price (up previously from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Sixteen analysts have rated the stock with a hold rating and one has issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $24.46.
View Our Latest Stock Report on Informatica
Insider Buying and Selling at Informatica
In other news, EVP John Arthur Schweitzer sold 11,729 shares of the stock in a transaction on Thursday, May 15th. The shares were sold at an average price of $19.36, for a total value of $227,073.44. Following the completion of the sale, the executive vice president now owns 404,681 shares of the company's stock, valued at $7,834,624.16. This represents a 2.82% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 transaction of $2,399,254.20. Following the completion of the transaction, the executive vice president now directly owns 391,959 shares in the company, valued at approximately $9,465,809.85. This represents a 20.22% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 238,779 shares of company stock valued at $5,622,733. Company insiders own 2.80% of the company's stock.
Informatica Trading Up 0.2%
Informatica stock traded up $0.06 during trading on Wednesday, reaching $24.26. The company had a trading volume of 2,664,382 shares, compared to its average volume of 2,766,353. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $31.65. The company has a debt-to-equity ratio of 0.78, a quick ratio of 1.92 and a current ratio of 1.92. The stock's 50 day moving average price is $21.28 and its two-hundred day moving average price is $21.84. The firm has a market capitalization of $7.34 billion, a price-to-earnings ratio of -2,426,000.00, a PEG ratio of 5.86 and a beta of 1.17.
Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The company had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. Informatica had a net margin of 0.12% and a return on equity of 5.89%. Informatica's revenue for the quarter was up 3.9% on a year-over-year basis. During the same quarter last year, the business earned $0.22 EPS. As a group, equities analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.
About Informatica
(
Free Report)
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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