Zurcher Kantonalbank Zurich Cantonalbank Boosts Stake in Informatica Inc. (NYSE:INFA)

Key Points

• Zurcher Kantonalbank increased its stake in Informatica Inc. by 58.3% during Q1, acquiring a total of 33,984 shares valued at $593,000.
• Informatica reported earnings of $0.18 EPS for the recent quarter, falling short of analysts' expectations, while the company’s revenue increased by 1.7% year-over-year.
• The stock has seen increased activity from institutional investors, with 98.45% of its shares held by such entities, indicating significant institutional interest.

Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 58.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 33,984 shares of the technology company's stock after purchasing an additional 12,518 shares during the quarter. Zurcher Kantonalbank Zurich Cantonalbank's holdings in Informatica were worth $593,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in INFA. Pacer Advisors Inc. increased its stake in Informatica by 4,066.6% in the first quarter. Pacer Advisors Inc. now owns 255,831 shares of the technology company's stock valued at $4,464,000 after acquiring an additional 249,691 shares during the last quarter. KLP Kapitalforvaltning AS lifted its holdings in shares of Informatica by 42.3% during the first quarter. KLP Kapitalforvaltning AS now owns 20,200 shares of the technology company's stock worth $352,000 after purchasing an additional 6,000 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in shares of Informatica during the first quarter worth $3,003,000. Verdence Capital Advisors LLC lifted its holdings in shares of Informatica by 29.9% during the first quarter. Verdence Capital Advisors LLC now owns 13,628 shares of the technology company's stock worth $238,000 after purchasing an additional 3,139 shares during the period. Finally, Victory Capital Management Inc. lifted its holdings in Informatica by 420.3% in the first quarter. Victory Capital Management Inc. now owns 107,198 shares of the technology company's stock valued at $1,871,000 after buying an additional 86,595 shares during the period. 98.45% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, EVP John Arthur Schweitzer sold 48,929 shares of the company's stock in a transaction that occurred on Tuesday, July 15th. The shares were sold at an average price of $24.22, for a total transaction 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 represents a 11.89% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Ansa Sekharan sold 99,348 shares of the company's stock in a transaction that occurred on 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 in the company, valued at $9,465,809.85. The trade was a 20.22% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 276,205 shares of company stock worth $6,600,164 over the last 90 days. 2.80% of the stock is currently owned by corporate insiders.

Informatica Stock Performance

Informatica stock traded up $0.02 during trading on Friday, hitting $24.70. The stock had a trading volume of 1,483,966 shares, compared to its average volume of 6,084,493. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $28.14. The company has a quick ratio of 1.92, a current ratio of 1.92 and a debt-to-equity ratio of 0.78. The stock's 50 day moving average is $24.36 and its two-hundred day moving average is $21.52. The stock has a market cap of $7.47 billion, a price-to-earnings ratio of -617.38, a price-to-earnings-growth ratio of 6.15 and a beta of 1.15.

Informatica (NYSE:INFA - Get Free Report) last posted 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 4.67%. The firm had revenue of $407.34 million during the quarter, compared to analysts' expectations of $401.76 million. During the same quarter in the previous year, the company posted $0.23 EPS. Informatica's revenue for the quarter was up 1.7% on a year-over-year basis. As a group, analysts predict that Informatica Inc. will post 0.63 EPS for the current year.

Analysts Set New Price Targets

Several research firms recently issued reports on INFA. Wells Fargo & Company boosted their target price on shares of Informatica from $19.00 to $25.00 and gave the company an "equal weight" rating in a report on Wednesday, May 28th. JPMorgan Chase & Co. reissued a "neutral" rating and set a $25.00 target price (up from $24.00) on shares of Informatica in a research report on Wednesday, May 28th. Scotiabank boosted their target price on shares of Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research report on Thursday, May 8th. Royal Bank Of Canada set a $25.00 price objective on shares of Informatica in a research report on Wednesday, May 28th. Finally, Robert W. Baird upped their price objective on shares of Informatica from $19.00 to $25.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 28th. Sixteen research analysts have rated the stock with a hold rating, According to data from MarketBeat, Informatica presently has an average rating of "Hold" and an average target price of $23.67.

Informatica Company 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.