First Trust Advisors LP Raises Stake in Informatica Inc. (NYSE:INFA)

First Trust Advisors LP boosted its stake in Informatica Inc. (NYSE:INFA - Free Report) by 80.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 166,986 shares of the technology company's stock after buying an additional 74,223 shares during the quarter. First Trust Advisors LP owned approximately 0.05% of Informatica worth $4,330,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the company. Oddo BHF Asset Management Sas purchased a new position in shares of Informatica in the third quarter valued at approximately $1,394,000. JPMorgan Chase & Co. lifted its holdings in Informatica by 826.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after purchasing an additional 1,324,006 shares in the last quarter. ORG Wealth Partners LLC purchased a new position in Informatica in the 4th quarter valued at $32,000. Cooper Financial Group boosted its stake in Informatica by 6.6% during the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock worth $628,000 after purchasing an additional 1,504 shares during the last quarter. Finally, FNY Investment Advisers LLC purchased a new stake in shares of Informatica during the fourth quarter worth $54,000. 98.45% of the stock is currently owned by institutional investors and hedge funds.

Informatica Trading Down 1.4 %

Informatica stock traded down $0.26 during trading on Monday, hitting $18.84. The company had a trading volume of 2,203,952 shares, compared to its average volume of 2,115,889. The stock has a market cap of $5.70 billion, a price-to-earnings ratio of 628.14, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. The company has a current ratio of 2.17, a quick ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a 1-year low of $15.65 and a 1-year high of $31.65. The company's 50 day simple moving average is $18.03 and its 200-day simple moving average is $22.84.

Informatica (NYSE:INFA - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The technology company reported $0.21 earnings per share for the quarter, missing analysts' consensus estimates of $0.38 by ($0.17). Informatica had a net margin of 0.61% and a return on equity of 5.76%. The firm had revenue of $428.31 million during the quarter, compared to analyst estimates of $457.55 million. As a group, analysts expect that Informatica Inc. will post 0.63 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

INFA has been the topic of a number of recent research reports. Baird R W lowered shares of Informatica from a "strong-buy" rating to a "hold" rating in a research report on Friday, February 14th. Robert W. Baird restated a "neutral" rating and set a $19.00 target price (down from $35.00) on shares of Informatica in a report on Friday, February 14th. Wedbush lowered Informatica to a "neutral" rating in a research report on Friday, February 14th. UBS Group reduced their price objective on Informatica from $30.00 to $19.00 and set a "neutral" rating on the stock in a research report on Friday, February 14th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $37.00 target price on shares of Informatica in a research note on Friday, January 31st. Thirteen equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Hold" and an average price target of $24.15.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the stock in a transaction on Wednesday, April 23rd. The stock was sold at an average price of $18.05, for a total value of $207,629.15. Following the sale, the executive vice president now directly owns 416,410 shares in the company, valued at approximately $7,516,200.50. This trade represents a 2.69 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 48.10% of the company's stock.

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.