Praxis Investment Management Inc. Buys Shares of 12,520 Informatica Inc. (NYSE:INFA)

Praxis Investment Management Inc. purchased a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 12,520 shares of the technology company's stock, valued at approximately $218,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. FMR LLC grew its stake in Informatica by 126,639.2% in the fourth quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after acquiring an additional 10,361,617 shares during the period. Pictet Asset Management Holding SA grew its position in Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after purchasing an additional 2,459,197 shares during the period. Vanguard Group Inc. increased its stake in Informatica by 28.6% during the 4th 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. Wellington Management Group LLP raised its holdings in 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 buying an additional 1,591,037 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. bought a new position in shares of Informatica in the fourth quarter valued at $36,236,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Insider Transactions at Informatica

In other news, EVP Ansa Sekharan sold 99,348 shares of Informatica stock in a transaction that occurred on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total value of $2,399,254.20. Following the sale, the executive vice president now directly owns 391,959 shares in the company, valued at approximately $9,465,809.85. This trade represents a 20.22% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP John Arthur Schweitzer sold 11,729 shares of the firm's stock in a transaction dated Thursday, May 15th. The stock was sold at an average price of $19.36, for a total transaction of $227,073.44. Following the completion of the sale, the executive vice president now directly owns 404,681 shares of the company's stock, valued at approximately $7,834,624.16. This represents a 2.82% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 238,779 shares of company stock worth $5,622,733. 2.80% of the stock is currently owned by corporate insiders.

Informatica Stock Performance

NYSE:INFA traded down $0.09 on Friday, reaching $24.27. 3,398,414 shares of the company's stock were exchanged, compared to its average volume of 2,776,283. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The stock has a fifty day simple moving average of $21.42 and a 200-day simple moving average of $21.83. The company has a debt-to-equity ratio of 0.78, a current ratio of 1.92 and a quick ratio of 1.92. The firm has a market cap of $7.34 billion, a price-to-earnings ratio of -2,426,500.00, a P/E/G ratio of 5.87 and a beta of 1.17.

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

Analyst Ratings Changes

A number of equities analysts have issued reports on INFA shares. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and increased their price target for the company from $24.00 to $25.00 in a research report on Wednesday, May 28th. Scotiabank lifted their price objective on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Royal Bank Of Canada set a $25.00 price objective on shares of Informatica in a research report on Wednesday, May 28th. Finally, Robert W. Baird increased their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. Sixteen research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $24.46.

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.