Voya Investment Management LLC Increases Stock Holdings in Informatica Inc. $INFA

Key Points

• Voya Investment Management LLC increased its holdings in Informatica Inc. by 83.7%, acquiring an additional 214,605 shares, bringing its total to 470,932 shares valued at approximately $8.2 million.
• Several other institutional investors have also made significant adjustments to their stakes in Informatica, with 98.45% of the stock now owned by hedge funds and institutional investors.
• Informatica's quarterly earnings report showed a miss on EPS expectations, reporting $0.18 compared to the consensus estimate of $0.21, but revenues slightly exceeded expectations with a year-over-year increase of 1.7%.

Voya Investment Management LLC grew its holdings in Informatica Inc. (NYSE:INFA - Free Report) by 83.7% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 470,932 shares of the technology company's stock after acquiring an additional 214,605 shares during the quarter. Voya Investment Management LLC owned about 0.16% of Informatica worth $8,218,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Invesco Ltd. boosted its position in shares of Informatica by 37.4% in the 1st quarter. Invesco Ltd. now owns 3,607,837 shares of the technology company's stock valued at $62,957,000 after purchasing an additional 981,237 shares during the period. Sunriver Management LLC acquired a new stake in shares of Informatica in the 1st quarter valued at about $30,108,000. TFG Asset Management GP Ltd boosted its position in shares of Informatica by 50.0% in the 4th quarter. TFG Asset Management GP Ltd now owns 600,000 shares of the technology company's stock valued at $15,558,000 after purchasing an additional 200,000 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Informatica by 4.9% in the 1st quarter. Bank of New York Mellon Corp now owns 458,307 shares of the technology company's stock valued at $7,997,000 after purchasing an additional 21,257 shares during the period. Finally, MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Informatica by 37.2% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 398,724 shares of the technology company's stock valued at $6,961,000 after purchasing an additional 108,045 shares during the period. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have weighed in on INFA. Wolfe Research downgraded Informatica from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, May 28th. Truist Financial downgraded Informatica from a "strong-buy" rating to a "hold" rating and lifted their target price for the company from $24.00 to $25.00 in a research note on Wednesday, May 28th. UBS Group lifted their target price on Informatica from $21.00 to $25.00 and gave the company a "neutral" rating in a research note on Thursday, August 7th. Guggenheim downgraded Informatica from a "buy" rating to a "neutral" rating and set a $27.00 target price on the stock. in a research note on Wednesday, August 6th. Finally, Wells Fargo & Company raised their price target on Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. Sixteen investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $23.67.

Informatica Stock Performance

INFA stock remained flat at $24.83 during midday trading on Friday. The company had a trading volume of 4,074,981 shares, compared to its average volume of 2,970,793. The stock's fifty day moving average is $24.71 and its 200-day moving average is $21.97. The stock has a market capitalization of $7.57 billion, a PE ratio of -620.75, a price-to-earnings-growth ratio of 6.70 and a beta of 1.15. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $28.14. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.01 and a current ratio of 2.01.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Wednesday, August 6th. The technology company reported $0.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.21 by ($0.03). The firm had revenue of $407.34 million for the quarter, compared to analyst estimates of $401.76 million. Informatica had a positive return on equity of 4.64% and a negative net margin of 0.45%.The business's revenue for the quarter was up 1.7% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.23 earnings per share. Research analysts anticipate that Informatica Inc. will post 0.63 EPS for the current year.

Insider Transactions at Informatica

In other Informatica news, insider Bruce R. Chizen sold 246,590 shares of the firm's stock in a transaction on 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 transaction, the insider owned 368,874 shares of the company's stock, valued at approximately $9,196,028.82. This trade represents a 40.07% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP John Arthur Schweitzer sold 49,104 shares of the firm's stock in a transaction on Friday, August 15th. The stock was sold at an average price of $24.72, for a total value of $1,213,850.88. Following the transaction, the executive vice president directly owned 352,266 shares of the company's stock, valued at $8,708,015.52. The trade was a 12.23% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders sold 441,818 shares of company stock valued at $10,965,526. Company insiders own 2.80% of the company's stock.

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.