Teacher Retirement System of Texas Has $895,000 Position in Informatica Inc. (NYSE:INFA)

Teacher Retirement System of Texas trimmed its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 30.4% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 51,261 shares of the technology company's stock after selling 22,415 shares during the quarter. Teacher Retirement System of Texas' holdings in Informatica were worth $895,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of INFA. Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in Informatica by 52.0% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 18,131 shares of the technology company's stock worth $316,000 after purchasing an additional 6,202 shares during the period. Amalgamated Bank lifted its position in Informatica by 16.9% in the first quarter. Amalgamated Bank now owns 4,089 shares of the technology company's stock worth $71,000 after purchasing an additional 591 shares during the period. Praxis Investment Management Inc. bought a new position in Informatica in the first quarter worth $218,000. FNY Investment Advisers LLC lifted its position in Informatica by 113.3% in the first quarter. FNY Investment Advisers LLC now owns 4,480 shares of the technology company's stock worth $78,000 after purchasing an additional 2,380 shares during the period. Finally, SG Americas Securities LLC lifted its position in Informatica by 3.2% in the first quarter. SG Americas Securities LLC now owns 109,957 shares of the technology company's stock worth $1,919,000 after purchasing an additional 3,424 shares during the period. 98.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on INFA. UBS Group raised their target price on Informatica from $20.00 to $21.00 and gave the stock a "neutral" rating in a research report on Friday, May 16th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $25.00 price objective (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Wolfe Research lowered 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 objective for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. Finally, Royal Bank Of Canada set a $25.00 price objective on Informatica in a research note on Wednesday, May 28th. Sixteen equities research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $24.46.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 116,199 shares of the business's stock in a transaction that occurred on Friday, May 23rd. The stock was sold at an average price of $24.00, for a total transaction of $2,788,776.00. Following the transaction, the executive vice president owned 382,005 shares of the company's stock, valued at $9,168,120. The trade was a 23.32% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, EVP Ansa Sekharan sold 99,348 shares of the business's 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 transaction, the executive vice president directly owned 391,959 shares in the company, valued at $9,465,809.85. This trade represents a 20.22% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 287,708 shares of company stock worth $6,807,793 in the last ninety days. Insiders own 2.80% of the company's stock.

Informatica Trading Down 0.1%

INFA stock traded down $0.02 during midday trading on Friday, reaching $24.53. The stock had a trading volume of 3,562,564 shares, compared to its average volume of 3,954,987. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14. The firm has a market cap of $7.42 billion, a price-to-earnings ratio of -2,452,500.00, a PEG ratio of 5.93 and a beta of 1.15. The business has a fifty day simple moving average of $23.18 and a two-hundred day simple moving average of $21.59.

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

About Informatica

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.