Teacher Retirement System of Texas Cuts Holdings in Informatica Inc. (NYSE:INFA)

Teacher Retirement System of Texas decreased its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 30.4% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). 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 SEC filing.

Other large investors also recently bought and sold shares of the company. Parallel Advisors LLC boosted 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 acquiring an additional 1,216 shares in the last quarter. Versant Capital Management Inc boosted its position in shares of Informatica by 7,053.8% in the 1st quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,834 shares during the period. New Age Alpha Advisors LLC acquired a new stake in shares of Informatica in the 4th quarter valued at about $43,000. PNC Financial Services Group Inc. boosted its position in shares of Informatica by 35.3% in the 4th quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares during the period. Finally, Amalgamated Bank boosted its position in shares of Informatica by 16.9% in 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 during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Price Performance

INFA stock opened at $24.23 on Tuesday. The firm has a 50 day moving average of $22.75 and a 200-day moving average of $21.58. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $28.40. The company has a current ratio of 1.92, a quick ratio of 1.92 and a debt-to-equity ratio of 0.78. The company has a market cap of $7.33 billion, a price-to-earnings ratio of -2,422,500.00, a PEG ratio of 5.89 and a beta of 1.15.

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. Informatica had a return on equity of 5.89% and a net margin of 0.12%. The firm had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same period last year, the business posted $0.22 EPS. Informatica's quarterly revenue was up 3.9% on a year-over-year basis. As a group, equities analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

INFA has been the subject of a number of research analyst reports. Wolfe Research cut Informatica from a "strong-buy" rating to a "hold" rating in a research report on Wednesday, May 28th. Robert W. Baird increased their price objective on 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 increased their price objective on Informatica from $19.00 to $25.00 and gave the stock an "equal weight" rating in a research report on Wednesday, May 28th. JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $25.00 price objective (up from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Finally, Truist Financial cut 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 report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus price target of $24.46.

Insider Activity at Informatica

In related news, EVP Ansa Sekharan sold 99,348 shares of the firm'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 completion of the transaction, the executive vice president directly owned 391,959 shares of the company's stock, valued at $9,465,809.85. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP John Arthur Schweitzer sold 116,199 shares of the firm's stock in a transaction that occurred on Friday, May 23rd. The shares were sold at an average price of $24.00, for a total value of $2,788,776.00. Following the completion of the transaction, the executive vice president directly owned 382,005 shares of the company's stock, valued at $9,168,120. The trade was a 23.32% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 238,779 shares of company stock valued at $5,622,733 over the last ninety days. 2.80% of the stock is currently owned by company insiders.

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.

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