Vanguard Group Inc. Trims Position in Informatica Inc. $INFA

Key Points

• Vanguard Group Inc. reduced its stake in Informatica Inc. by 0.7%, holding 10,771,572 shares valued at approximately $188 million.
• Multiple large investors have increased their positions in Informatica, with Parallel Advisors LLC raising its stake by 540.4% in the first quarter of the year.
• Informatica reported a EPS of $0.18 for the latest quarter, falling short of analysts' estimates of $0.21, while revenue was noted at $407.34 million.

Vanguard Group Inc. cut its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 0.7% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 10,771,572 shares of the technology company's stock after selling 72,974 shares during the quarter. Vanguard Group Inc. owned about 3.56% of Informatica worth $187,964,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. New Age Alpha Advisors LLC increased its stake in Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock valued at $44,000 after purchasing an additional 862 shares during the period. Bank of Nova Scotia increased its stake in Informatica by 15.5% in the first quarter. Bank of Nova Scotia now owns 16,100 shares of the technology company's stock valued at $281,000 after purchasing an additional 2,164 shares during the period. Mackenzie Financial Corp acquired a new position in Informatica in the first quarter valued at $444,000. LPL Financial LLC increased its stake in Informatica by 9.1% in the first quarter. LPL Financial LLC now owns 117,203 shares of the technology company's stock valued at $1,944,000 after purchasing an additional 9,759 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank increased its stake in Informatica by 58.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 33,984 shares of the technology company's stock valued at $593,000 after purchasing an additional 12,518 shares during the period. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Informatica

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

Analysts Set New Price Targets

A number of research analysts have commented on INFA shares. Robert W. Baird lifted their price objective on shares of Informatica from $19.00 to $25.00 and gave the company a "neutral" rating in a research note on Wednesday, May 28th. UBS Group lifted their price objective on shares of Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Truist Financial lowered shares of Informatica from a "strong-buy" rating to a "hold" rating and boosted their price target for the stock from $24.00 to $25.00 in a research note on Wednesday, May 28th. JPMorgan Chase & Co. reiterated a "neutral" rating and set a $25.00 price target (up from $24.00) on shares of Informatica in a research note on Wednesday, May 28th. Finally, Scotiabank boosted their price target on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Sixteen research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company has an average rating of "Hold" and a consensus target price of $23.67.

Informatica Stock Performance

Shares of Informatica stock traded up $0.08 on Monday, reaching $24.82. 4,127,318 shares of the stock were exchanged, compared to its average volume of 2,419,237. The firm has a market capitalization of $7.56 billion, a PE ratio of -620.50, a PEG ratio of 6.67 and a beta of 1.15. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $28.14. The business has a fifty day moving average price of $24.50 and a two-hundred day moving average price of $21.41. The company has a current ratio of 2.01, a quick ratio of 2.01 and a debt-to-equity ratio of 0.75.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 EPS for the quarter, missing analysts' consensus estimates 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 positive return on equity of 4.64% and a negative net margin of 0.45%.The firm's quarterly revenue was up 1.7% on a year-over-year basis. During the same period in the prior year, the firm posted $0.23 EPS. As a group, research analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

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.