Informatica Inc. (NYSE:INFA) Shares Purchased by Two Sigma Investments LP

Two Sigma Investments LP increased its stake in shares of Informatica Inc. (NYSE:INFA - Free Report) by 1,222.0% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 332,583 shares of the technology company's stock after purchasing an additional 307,425 shares during the period. Two Sigma Investments LP owned approximately 0.11% of Informatica worth $8,624,000 at the end of the most recent reporting period.

A number of other institutional investors also recently added to or reduced their stakes in the company. New Age Alpha Advisors LLC acquired a new position in shares of Informatica during the 4th quarter worth about $43,000. PNC Financial Services Group Inc. increased its stake in 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 buying an additional 667 shares during the period. KBC Group NV raised its holdings 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 purchasing an additional 1,325 shares in the last quarter. Aquatic Capital Management LLC purchased a new stake in shares of Informatica in the fourth quarter valued at approximately $88,000. Finally, Sterling Capital Management LLC grew its stake in shares of Informatica by 98.6% during the 4th quarter. Sterling Capital Management LLC now owns 4,838 shares of the technology company's stock worth $125,000 after purchasing an additional 2,402 shares during the period. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Down 1.0%

Shares of INFA stock traded down $0.26 on Thursday, hitting $24.04. The stock had a trading volume of 3,360,112 shares, compared to its average volume of 3,633,500. The firm has a market capitalization of $7.27 billion, a price-to-earnings ratio of 801.43, a P/E/G ratio of 4.44 and a beta of 1.04. The stock's 50 day moving average is $18.63 and its 200-day moving average is $22.11. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $31.65.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting analysts' consensus estimates of $0.22. The firm 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 firm's revenue was up 3.9% compared to the same quarter last year. 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 earnings per share for the current year.

Insider Activity at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total transaction of $209,124.54. Following the completion of the transaction, the executive vice president now directly owns 328,799 shares of the company's stock, valued at $5,977,565.82. This trade represents a 3.38% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Over the last 90 days, insiders sold 150,934 shares of company stock valued at $3,432,603. Insiders own 48.10% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have weighed in on INFA. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and upped their target price for the company from $24.00 to $25.00 in a report on Wednesday. JPMorgan Chase & Co. restated a "neutral" rating and set a $25.00 price objective (up previously from $24.00) on shares of Informatica in a report on Wednesday. Deutsche Bank Aktiengesellschaft downgraded shares of Informatica from a "buy" rating to a "hold" rating and set a $21.00 price objective for the company. in a research note on Friday, February 14th. 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 report on Wednesday. Finally, DA Davidson reduced their price objective on Informatica from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. Sixteen investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.