Squarepoint Ops LLC Acquires Shares of 79,507 Informatica Inc. (NYSE:INFA)

Squarepoint Ops LLC acquired a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 79,507 shares of the technology company's stock, valued at approximately $2,062,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. KBC Group NV boosted its stake in Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after buying an additional 1,325 shares during the period. Pacer Advisors Inc. lifted its holdings in shares of Informatica by 30.6% in the 4th quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after acquiring an additional 1,437 shares during the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd boosted its position in shares of Informatica by 50.3% during the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 11,929 shares of the technology company's stock worth $309,000 after purchasing an additional 3,994 shares during the period. FSR Wealth Management Ltd. acquired a new stake in Informatica in the 4th quarter valued at approximately $205,000. Finally, Allspring Global Investments Holdings LLC increased its holdings in Informatica by 16.6% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,211,119 shares of the technology company's stock valued at $209,075,000 after purchasing an additional 1,168,158 shares during the last quarter. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of $18.05, for a total transaction of $207,629.15. Following the sale, the executive vice president now owns 416,410 shares of the company's stock, valued at approximately $7,516,200.50. This trade represents a 2.69% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 150,934 shares of company stock worth $3,432,603 over the last ninety days. Corporate insiders own 48.10% of the company's stock.

Informatica Stock Down 0.2%

NYSE:INFA traded down $0.05 during mid-day trading on Friday, hitting $24.05. The stock had a trading volume of 4,479,818 shares, compared to its average volume of 2,576,770. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $31.65. The company has a market capitalization of $7.28 billion, a PE ratio of 801.93, a PEG ratio of 4.44 and a beta of 1.04. The stock has a 50-day simple moving average of $18.85 and a two-hundred day simple moving average of $22.10.

Informatica (NYSE:INFA - Get Free Report) last announced its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 earnings per share for the quarter, meeting analysts' consensus estimates of $0.22. The business had revenue of $403.90 million for the quarter, compared to analyst estimates of $392.14 million. Informatica had a net margin of 0.61% and a return on equity of 5.76%. The company's revenue was up 3.9% on a year-over-year basis. During the same period last year, the business earned $0.22 EPS. On average, equities research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have commented on INFA. Guggenheim restated a "buy" rating and set a $37.00 price target on shares of Informatica in a research note on Friday, January 31st. UBS Group boosted their price objective on Informatica from $20.00 to $21.00 and gave the company a "neutral" rating in a report on Friday, May 16th. Wolfe Research lowered Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday. Wells Fargo & Company lifted their target price on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a research report on Wednesday. Finally, JPMorgan Chase & Co. reissued a "neutral" rating and set a $25.00 price target (up previously from $24.00) on shares of Informatica in a research report on Wednesday. Sixteen equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and an average 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.