Zions Bancorporation National Association UT Invests $1.77 Million in Informatica Inc. (NYSE:INFA)

Key Points

• Zions Bancorporation National Association UT has made a $1.77 million investment in Informatica Inc., acquiring 101,636 shares of the company.
• Recent brokerages reports have shown a trend of rating downgrades for Informatica, with several firms shifting from "buy" to "hold" ratings and adjusting price targets.
• Informatica's latest earnings report revealed a missed EPS estimate of $0.18, although revenue was slightly above expectations at $407.34 million.

Zions Bancorporation National Association UT bought a new stake in Informatica Inc. (NYSE:INFA - Free Report) during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 101,636 shares of the technology company's stock, valued at approximately $1,774,000.

Several other large investors have also modified their holdings of INFA. Parallel Advisors LLC lifted its stake in Informatica by 540.4% during the first quarter. Parallel Advisors LLC now owns 1,441 shares of the technology company's stock worth $25,000 after purchasing an additional 1,216 shares during the last quarter. Versant Capital Management Inc increased its holdings in shares of Informatica by 7,053.8% during the first quarter. Versant Capital Management Inc now owns 1,860 shares of the technology company's stock valued at $32,000 after purchasing an additional 1,834 shares during the period. New Age Alpha Advisors LLC increased its holdings in shares of Informatica by 51.5% during 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. Harel Insurance Investments & Financial Services Ltd. increased its holdings in shares of Informatica by 1,545.0% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 2,813 shares of the technology company's stock valued at $49,000 after purchasing an additional 2,642 shares during the period. Finally, Deutsche Bank AG increased its holdings in shares of Informatica by 126.1% during the first quarter. Deutsche Bank AG now owns 2,976 shares of the technology company's stock valued at $52,000 after purchasing an additional 1,660 shares during the period. 98.45% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on INFA. The Goldman Sachs Group raised their price target on Informatica from $18.00 to $20.00 and gave the company a "neutral" rating in a report on Thursday, May 8th. Royal Bank Of Canada set a $25.00 target price on Informatica in a report on Wednesday, May 28th. Truist Financial lowered Informatica from a "strong-buy" rating to a "hold" rating and lifted their target price for the stock from $24.00 to $25.00 in a report on Wednesday, May 28th. UBS Group lifted their price target on Informatica from $21.00 to $25.00 and gave the stock a "neutral" rating in a research note on Thursday, August 7th. Finally, Guggenheim cut Informatica from a "buy" rating to a "neutral" rating and set a $27.00 price target on the stock. in a research note on Wednesday, August 6th. Sixteen investment analysts have rated the stock with a hold rating, According to data from MarketBeat.com, Informatica presently has an average rating of "Hold" and a consensus price target of $23.67.

Insider Buying and Selling at Informatica

In related news, EVP Ansa Sekharan sold 99,348 shares of the firm's stock in a transaction on Thursday, June 5th. The stock was 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 $9,465,809.85. This trade represents a 20.22% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP John Arthur Schweitzer sold 48,929 shares of the firm's stock in a transaction on Tuesday, July 15th. The shares were sold at an average price of $24.22, for a total value of $1,185,060.38. Following the sale, the executive vice president directly owned 362,637 shares in the company, valued at approximately $8,783,068.14. This trade represents a 11.89% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 264,476 shares of company stock worth $6,373,091. 2.80% of the stock is currently owned by company insiders.

Informatica Stock Down 0.0%

NYSE INFA traded down $0.01 during trading hours on Thursday, hitting $24.73. 747,691 shares of the company traded hands, compared to its average volume of 3,924,137. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $28.14. The stock has a market capitalization of $7.48 billion, a price-to-earnings ratio of -618.13, a P/E/G ratio of 6.35 and a beta of 1.15. The business's 50-day moving average is $24.40 and its 200-day moving average is $21.52. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.92 and a current ratio of 2.01.

Informatica (NYSE:INFA - Get Free Report) last issued its earnings results on Wednesday, August 6th. The technology company reported $0.18 earnings per share for the quarter, missing analysts' consensus estimates of $0.21 by ($0.03). The business had revenue of $407.34 million during the quarter, compared to analyst estimates of $401.76 million. Informatica had a negative net margin of 0.45% and a positive return on equity of 4.64%. The company'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 business posted $0.23 EPS. Sell-side analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current 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.