Informatica Inc. $INFA Shares Acquired by Quantbot Technologies LP

Key Points

• Quantbot Technologies LP increased its stake in Informatica Inc. by 80.8%, owning approximately $3.8 million worth of shares as of its latest SEC filing.
• Several other institutional investors also boosted their holdings in Informatica, reflecting significant interest in the company with 98.45% of the stock now owned by institutional investors.
• Informatica's recent quarterly earnings reported an EPS of $0.18, which fell short of estimates, but revenue increased by 1.7% year-over-year to $407.34 million.

Quantbot Technologies LP lifted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 80.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 217,621 shares of the technology company's stock after buying an additional 97,254 shares during the period. Quantbot Technologies LP owned about 0.07% of Informatica worth $3,797,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Parallel Advisors LLC raised its stake 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 worth $25,000 after buying an additional 1,216 shares in the last quarter. Versant Capital Management Inc raised its stake 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 buying an additional 1,834 shares in the last quarter. New Age Alpha Advisors LLC raised its stake in shares of Informatica by 51.5% during the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after buying an additional 862 shares in the last quarter. Harel Insurance Investments & Financial Services Ltd. raised its stake in shares of Informatica by 1,545.0% during 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, Deutsche Bank AG raised its stake in shares of Informatica by 126.1% during the 1st quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock worth $52,000 after buying an additional 1,660 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Informatica news, EVP Ansa Sekharan sold 99,348 shares of the stock in a transaction on Thursday, June 5th. The stock was sold at an average price of $24.15, for a total transaction of $2,399,254.20. Following the sale, the executive vice president owned 391,959 shares in the company, valued at approximately $9,465,809.85. This 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 this link. Also, EVP John Arthur Schweitzer sold 49,104 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.72, for a total value of $1,213,850.88. Following the sale, the executive vice president owned 352,266 shares in the company, valued at $8,708,015.52. This trade represents a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 197,381 shares of company stock worth $4,798,165. 2.80% of the stock is owned by insiders.

Informatica Price Performance

NYSE:INFA traded down $0.0050 during trading hours on Monday, reaching $24.7350. 510,899 shares of the company traded hands, compared to its average volume of 3,819,583. The firm's 50-day moving average is $24.48 and its 200-day moving average is $21.42. The stock has a market cap of $7.54 billion, a P/E ratio of -618.38, a P/E/G ratio of 6.67 and a beta of 1.15. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.01 and a quick ratio of 2.01. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The company had revenue of $407.34 million for the quarter, compared to analyst estimates of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. Informatica's quarterly revenue was up 1.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.23 EPS. Equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

INFA has been the subject of a number of analyst reports. UBS Group increased their target price on Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Scotiabank upped their price target on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a report on Thursday, May 8th. Truist Financial cut Informatica from a "strong-buy" rating to a "hold" rating and upped their price target for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. Royal Bank Of Canada set a $25.00 price target on Informatica in a report on Wednesday, May 28th. Finally, Wolfe Research cut Informatica from a "strong-buy" rating to a "hold" rating in a report on Wednesday, May 28th. Sixteen research analysts have rated the stock with a Hold rating, Based on data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $23.67.

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.