LPL Financial LLC Purchases 20,410 Shares of Informatica Inc. (NYSE:INFA)

LPL Financial LLC lifted its holdings in shares of Informatica Inc. (NYSE:INFA - Free Report) by 23.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 107,444 shares of the technology company's stock after purchasing an additional 20,410 shares during the quarter. LPL Financial LLC's holdings in Informatica were worth $2,638,000 as of its most recent SEC filing.

Other institutional investors have also made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Informatica by 35.3% during the fourth quarter. PNC Financial Services Group Inc. now owns 2,556 shares of the technology company's stock valued at $66,000 after purchasing an additional 667 shares in the last quarter. ORG Wealth Partners LLC acquired a new stake in Informatica in the fourth quarter valued at approximately $32,000. KBC Group NV grew its stake in shares of Informatica by 69.4% during the fourth quarter. KBC Group NV now owns 3,235 shares of the technology company's stock worth $84,000 after buying an additional 1,325 shares during the last quarter. Pacer Advisors Inc. increased its holdings in shares of Informatica by 30.6% during the fourth quarter. Pacer Advisors Inc. now owns 6,140 shares of the technology company's stock worth $159,000 after buying an additional 1,437 shares in the last quarter. Finally, Cooper Financial Group lifted its stake in shares of Informatica by 6.6% in the 4th quarter. Cooper Financial Group now owns 24,236 shares of the technology company's stock valued at $628,000 after acquiring an additional 1,504 shares during the last quarter. 98.45% of the stock is currently owned by institutional investors.

Insider Buying and Selling

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

Informatica Price Performance

INFA stock traded up $0.14 during mid-day trading on Friday, reaching $17.53. 3,597,657 shares of the company traded hands, compared to its average volume of 2,121,005. Informatica Inc. has a 52-week low of $15.65 and a 52-week high of $35.92. The company has a market capitalization of $5.30 billion, a P/E ratio of 584.53, a P/E/G ratio of 4.44 and a beta of 1.06. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.17 and a quick ratio of 2.17. The company has a fifty day moving average price of $18.69 and a 200-day moving average price of $23.44.

Informatica (NYSE:INFA - Get Free Report) last posted its earnings results 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). The firm had revenue of $428.31 million for the quarter, compared to the consensus estimate of $457.55 million. Informatica had a return on equity of 5.76% and a net margin of 0.61%. As a group, analysts anticipate that Informatica Inc. will post 0.63 earnings per share for the current year.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. UBS Group dropped their target price on Informatica from $30.00 to $19.00 and set a "neutral" rating for the company in a research report on Friday, February 14th. Bank of America downgraded shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Cantor Fitzgerald started coverage on Informatica in a report on Friday, January 17th. They issued a "neutral" rating and a $29.00 price objective for the company. Truist Financial reaffirmed a "buy" rating and set a $24.00 target price (down from $34.00) on shares of Informatica in a report on Friday, February 14th. Finally, Deutsche Bank Aktiengesellschaft cut Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target for the company. in a research note on Friday, February 14th. Thirteen research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Informatica presently has a consensus rating of "Hold" and a consensus price target of $24.15.

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.