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

A number of other hedge funds and other institutional investors also recently made changes to their positions in INFA. Amalgamated Bank increased its holdings in Informatica by 16.9% during the 1st quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock valued at $71,000 after purchasing an additional 591 shares in the last quarter. Cooper Financial Group lifted its position in shares of Informatica by 3.0% during the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock worth $435,000 after purchasing an additional 718 shares in the last quarter. New Age Alpha Advisors LLC boosted its position in Informatica by 51.5% in the 1st quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after buying an additional 862 shares during the last quarter. L. Roy Papp & Associates LLP raised its position in shares of Informatica by 1.9% during the first quarter. L. Roy Papp & Associates LLP now owns 50,921 shares of the technology company's stock worth $889,000 after acquiring an additional 961 shares during the last quarter. Finally, Parallel Advisors LLC grew 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 worth $25,000 after buying an additional 1,216 shares during the period. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on INFA. The Goldman Sachs Group upped their target price on shares of Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. JPMorgan Chase & Co. reissued a "neutral" rating and issued a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Robert W. Baird upped their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Wells Fargo & Company raised their target price on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday, May 28th. Finally, Scotiabank raised their price objective on Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a report on Thursday, May 8th. Sixteen research analysts have rated the stock with a Hold rating, According to MarketBeat, the stock has an average rating of "Hold" and an average price target of $23.67.

Informatica Stock Performance

INFA stock traded up $0.0250 during trading on Friday, reaching $24.7450. The company had a trading volume of 2,630,963 shares, compared to its average volume of 2,434,473. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01. The firm has a 50-day simple moving average of $24.48 and a 200-day simple moving average of $21.45. The company has a market cap of $7.49 billion, a price-to-earnings ratio of -618.63, a price-to-earnings-growth ratio of 6.67 and a beta of 1.15. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14.

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

Insider Transactions at Informatica

In related news, EVP John Arthur Schweitzer sold 49,104 shares of the firm's stock in a transaction dated Friday, August 15th. The shares were sold at an average price of $24.72, for a total transaction of $1,213,850.88. Following the completion of the sale, the executive vice president directly owned 352,266 shares in the company, valued at approximately $8,708,015.52. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Ansa Sekharan sold 99,348 shares of the business's stock in a transaction dated 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 owned 391,959 shares in the company, valued at $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 197,381 shares of company stock worth $4,798,165 over the last 90 days. 2.80% of the stock is currently owned by company insiders.

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.