Fmr LLC Increases Holdings in Informatica Inc. (NYSE:INFA)

FMR LLC increased its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 126,639.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 10,369,799 shares of the technology company's stock after acquiring an additional 10,361,617 shares during the quarter. FMR LLC owned about 3.40% of Informatica worth $268,889,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Victory Capital Management Inc. raised its stake in shares of Informatica by 21.0% in the 4th quarter. Victory Capital Management Inc. now owns 20,603 shares of the technology company's stock valued at $534,000 after acquiring an additional 3,575 shares during the period. Norges Bank purchased a new position in shares of Informatica during the fourth quarter worth $25,265,000. JPMorgan Chase & Co. grew its stake in shares of Informatica by 826.8% in the third quarter. JPMorgan Chase & Co. now owns 1,484,147 shares of the technology company's stock valued at $37,519,000 after buying an additional 1,324,006 shares in the last quarter. Geode Capital Management LLC raised its holdings in shares of Informatica by 34.5% in the 3rd quarter. Geode Capital Management LLC now owns 1,213,188 shares of the technology company's stock valued at $30,677,000 after buying an additional 311,003 shares during the period. Finally, KBC Group NV lifted its stake in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after acquiring an additional 1,325 shares in the last quarter. Institutional investors and hedge funds own 98.45% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on INFA shares. Truist Financial reiterated a "buy" rating and issued a $24.00 price objective (down from $34.00) on shares of Informatica in a research note on Friday, February 14th. Bank of America cut shares of Informatica from a "buy" rating to a "neutral" rating in a report on Friday, February 14th. Royal Bank of Canada cut shares of Informatica from an "outperform" rating to a "sector perform" rating and reduced their price target for the company from $35.00 to $19.00 in a research report on Friday, February 14th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 target price for the company. in a report on Friday, February 14th. Finally, Robert W. Baird reaffirmed a "neutral" rating and set a $19.00 price target (down previously from $35.00) on shares of Informatica in a research report on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $24.15.

Informatica Price Performance

NYSE:INFA traded up $0.03 during mid-day trading on Thursday, hitting $17.42. 188,573 shares of the company's stock traded hands, compared to its average volume of 2,103,990. The firm's 50 day simple moving average is $18.85 and its 200 day simple moving average is $23.49. The company has a market cap of $5.27 billion, a PE ratio of 582.53, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06. Informatica Inc. has a 1 year low of $15.65 and a 1 year high of $35.92. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17.

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

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of Informatica stock in a transaction on Monday, March 10th. The shares were sold at an average price of $18.18, for a total value of $209,124.54. Following the transaction, the executive vice president now owns 328,799 shares in the company, valued at $5,977,565.82. This trade represents a 3.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 48.10% of the stock is currently owned by insiders.

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.