Jane Street Group LLC Purchases 81,940 Shares of Informatica Inc. (NYSE:INFA)

Jane Street Group LLC grew its position in shares of Informatica Inc. (NYSE:INFA - Free Report) by 987.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 90,240 shares of the technology company's stock after buying an additional 81,940 shares during the period. Jane Street Group LLC's holdings in Informatica were worth $2,340,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. One68 Global Capital LLC acquired a new stake in shares of Informatica during the fourth quarter valued at about $778,000. Unisphere Establishment bought a new stake in shares of Informatica during the fourth quarter valued at approximately $3,112,000. Soros Fund Management LLC bought a new stake in Informatica during the fourth quarter worth $6,482,000. AQR Capital Management LLC grew its holdings in Informatica by 110.2% during the fourth quarter. AQR Capital Management LLC now owns 228,332 shares of the technology company's stock worth $5,921,000 after buying an additional 119,691 shares in the last quarter. Finally, Northern Trust Corp increased its position in shares of Informatica by 41.9% during the 4th quarter. Northern Trust Corp now owns 398,063 shares of the technology company's stock valued at $10,322,000 after purchasing an additional 117,446 shares during the last quarter. Institutional investors own 98.45% of the company's stock.

Wall Street Analysts Forecast Growth

INFA has been the subject of several research reports. UBS Group increased their price target on Informatica from $19.00 to $20.00 and gave the stock a "neutral" rating in a research note on Thursday, May 8th. Wedbush downgraded Informatica to a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada cut their price target on Informatica from $20.00 to $19.00 and set a "sector perform" rating for the company in a research note on Thursday, May 8th. Baird R W cut Informatica from a "strong-buy" rating to a "hold" rating in a report on Friday, February 14th. Finally, Cantor Fitzgerald initiated coverage on Informatica in a report on Friday, January 17th. They set a "neutral" rating and a $29.00 price objective on the stock. Thirteen investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, Informatica presently has an average rating of "Hold" and a consensus price target of $23.62.

Informatica Trading Up 1.0%

Shares of NYSE INFA opened at $19.59 on Friday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 2.17 and a current ratio of 2.17. The business's 50 day moving average price is $18.10 and its 200-day moving average price is $22.43. Informatica Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $31.65. The company has a market cap of $5.93 billion, a price-to-earnings ratio of 653.22, a PEG ratio of 4.44 and a beta of 1.04.

Informatica (NYSE:INFA - Get Free Report) last announced its earnings results on Wednesday, May 7th. The technology company reported $0.22 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.22. Informatica had a return on equity of 5.76% and a net margin of 0.61%. The business had revenue of $403.90 million for the quarter, compared to analysts' expectations of $392.14 million. During the same quarter last year, the firm earned $0.22 EPS. The business's revenue for the quarter was up 3.9% on a year-over-year basis. On average, sell-side analysts expect that Informatica Inc. will post 0.63 earnings per share for the current year.

Insider Transactions at Informatica

In other news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's 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 completion of the sale, the executive vice president now owns 416,410 shares of the company's stock, valued at $7,516,200.50. This trade represents a 2.69% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 48.10% of the company's stock.

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.

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