Vontobel Holding Ltd. Buys Shares of 44,600 Informatica Inc. $INFA

Key Points

• Vontobel Holding Ltd. acquired 44,600 shares of Informatica Inc. (NYSE:INFA) in Q2, valued at approximately $1,086,000.
• Several hedge funds, including Amalgamated Bank and Deutsche Bank AG, also increased their stakes in Informatica, indicating growing institutional interest in the company.
• Analysts have set a consensus price target of $23.67 for Informatica, with Guggenheim downgrading the stock from a "buy" to a "neutral" rating.

Vontobel Holding Ltd. acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 44,600 shares of the technology company's stock, valued at approximately $1,086,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Amalgamated Bank increased its stake in shares of 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 in the last quarter. Cooper Financial Group increased its stake in shares of Informatica by 3.0% in the first quarter. Cooper Financial Group now owns 24,954 shares of the technology company's stock worth $435,000 after purchasing an additional 718 shares in the last quarter. New Age Alpha Advisors LLC increased its stake in shares of Informatica by 51.5% in the first quarter. New Age Alpha Advisors LLC now owns 2,535 shares of the technology company's stock worth $44,000 after purchasing an additional 862 shares in the last quarter. Deutsche Bank AG increased its stake in shares of Informatica by 126.1% in the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock worth $52,000 after purchasing an additional 1,660 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its stake in shares of Informatica by 4.1% in the first quarter. Linden Thomas Advisory Services LLC now owns 51,759 shares of the technology company's stock worth $903,000 after purchasing an additional 2,051 shares in the last quarter. 98.45% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have recently issued reports on INFA shares. Guggenheim cut shares of Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price objective for the company. in a research note on Wednesday, August 6th. Weiss Ratings reissued a "sell (d)" rating on shares of Informatica in a research note on Wednesday, October 8th. Finally, UBS Group upped their target price on shares of Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research report on Thursday, August 7th. Sixteen research analysts have rated the stock with a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Reduce" and a consensus price target of $23.67.

Informatica Price Performance

INFA stock opened at $24.89 on Monday. Informatica Inc. has a 52 week low of $15.65 and a 52 week high of $28.14. The company has a quick ratio of 2.01, a current ratio of 2.01 and a debt-to-equity ratio of 0.75. The company has a fifty day simple moving average of $24.81 and a two-hundred day simple moving average of $22.66. The firm has a market capitalization of $7.58 billion, a P/E ratio of -622.25, a price-to-earnings-growth ratio of 6.70 and a beta of 1.14.

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 the consensus estimate of $0.21 by ($0.03). Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The business had revenue of $407.34 million for the quarter, compared to the consensus estimate of $401.76 million. During the same quarter last year, the business earned $0.23 EPS. Informatica's revenue for the quarter was up 1.7% compared to the same quarter last year. Analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current fiscal year.

Insider Buying and Selling at Informatica

In other news, Director Gerald Held sold 70,212 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The shares were sold at an average price of $24.93, for a total value of $1,750,385.16. Following the completion of the sale, the director owned 198,845 shares in the company, valued at approximately $4,957,205.85. This trade represents a 26.10% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Bruce R. Chizen sold 246,590 shares of the firm's stock in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $24.93, for a total transaction of $6,147,488.70. Following the completion of the sale, the insider owned 368,874 shares of the company's stock, valued at $9,196,028.82. This trade represents a 40.07% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 441,818 shares of company stock worth $10,965,526 over the last three months. 2.80% of the stock is owned by company insiders.

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.

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