Vident Advisory LLC Takes $381,000 Position in Informatica Inc. (NYSE:INFA)

Vident Advisory LLC purchased a new stake in Informatica Inc. (NYSE:INFA - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 14,695 shares of the technology company's stock, valued at approximately $381,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Wells Fargo & Company MN raised its position in Informatica by 15.0% in the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after buying an additional 10,553 shares during the last quarter. Victory Capital Management Inc. raised its position in Informatica by 21.0% in the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company's stock valued at $534,000 after buying an additional 3,575 shares during the last quarter. Norges Bank purchased a new stake in Informatica in the 4th quarter valued at $25,265,000. D. E. Shaw & Co. Inc. purchased a new stake in Informatica in the 4th quarter valued at $748,000. Finally, KBC Group NV raised its position in Informatica by 69.4% in the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares during the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on the company. Scotiabank increased their price target on Informatica from $18.00 to $19.00 and gave the company a "sector perform" rating in a research report on Thursday, May 8th. Guggenheim reaffirmed a "buy" rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. DA Davidson decreased their target price on Informatica from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and raised their target price for the company from $24.00 to $25.00 in a research report on Wednesday. Finally, JPMorgan Chase & Co. reaffirmed a "neutral" rating and set a $25.00 target price (up from $24.00) on shares of Informatica in a research report on Wednesday. Sixteen research analysts have rated the stock with a hold rating and one has assigned 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 Price Performance

NYSE INFA traded down $0.05 during trading hours on Friday, hitting $24.05. The company had a trading volume of 4,479,818 shares, compared to its average volume of 2,576,770. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $31.65. The firm has a 50 day simple moving average of $18.85 and a 200 day simple moving average of $22.10. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The firm has a market capitalization of $7.28 billion, a price-to-earnings ratio of 801.93, a PEG ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Wednesday, May 7th. The technology company reported $0.22 EPS for the quarter, hitting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $403.90 million during the quarter, compared to the consensus estimate of $392.14 million. During the same quarter last year, the company earned $0.22 EPS. The firm's revenue was up 3.9% compared to the same quarter last year. Equities research analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Insiders Place Their Bets

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction dated Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the completion of the transaction, the executive vice president now owns 416,410 shares in the company, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders sold a total of 150,934 shares of company stock worth $3,432,603 in the last quarter. 48.10% of the stock is 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.