Marshall Wace LLP Raises Stake in Informatica Inc. (NYSE:INFA)

Marshall Wace LLP raised its stake in Informatica Inc. (NYSE:INFA - Free Report) by 159.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 313,883 shares of the technology company's stock after purchasing an additional 192,906 shares during the period. Marshall Wace LLP owned about 0.10% of Informatica worth $8,139,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently bought and sold shares of the company. FMR LLC grew its position in shares of Informatica by 126,639.2% in the 4th quarter. FMR LLC now owns 10,369,799 shares of the technology company's stock valued at $268,889,000 after buying an additional 10,361,617 shares during the last quarter. Pictet Asset Management Holding SA grew its position in shares of Informatica by 52.7% in the 4th quarter. Pictet Asset Management Holding SA now owns 7,127,036 shares of the technology company's stock valued at $184,804,000 after buying an additional 2,459,197 shares during the last quarter. Vanguard Group Inc. grew its position in shares of Informatica by 28.6% in the 4th quarter. Vanguard Group Inc. now owns 10,844,546 shares of the technology company's stock valued at $281,199,000 after buying an additional 2,409,023 shares during the last quarter. Wellington Management Group LLP grew its position in shares of Informatica by 13.8% in the 4th quarter. Wellington Management Group LLP now owns 13,155,084 shares of the technology company's stock valued at $341,111,000 after buying an additional 1,591,037 shares during the last quarter. Finally, Diamond Hill Capital Management Inc. purchased a new position in shares of Informatica in the 4th quarter valued at $36,236,000. Institutional investors and hedge funds own 98.45% of the company's stock.

Informatica Price Performance

Shares of NYSE INFA traded up $0.19 during midday trading on Monday, hitting $18.96. The company had a trading volume of 3,773,051 shares, compared to its average volume of 2,116,142. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. Informatica Inc. has a twelve month low of $15.65 and a twelve month high of $32.51. The business has a 50-day simple moving average of $18.07 and a two-hundred day simple moving average of $23.06. The firm has a market capitalization of $5.74 billion, a price-to-earnings ratio of 632.21, a price-to-earnings-growth ratio of 4.44 and a beta of 1.06.

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

Insider Buying and Selling at Informatica

In other Informatica news, EVP John Arthur Schweitzer sold 11,503 shares of the firm's stock in a transaction dated 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 transaction, the executive vice president now directly owns 328,799 shares in the company, valued at approximately $5,977,565.82. This trade represents a 3.38 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 48.10% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on INFA shares. Wells Fargo & Company downgraded shares of Informatica from a "buy" rating to an "equal weight" rating in a research report on Friday, February 14th. Bank of America cut shares of Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Royal Bank of Canada cut shares of Informatica from an "outperform" rating to a "sector perform" rating and decreased their price target for the stock from $35.00 to $19.00 in a research note on Friday, February 14th. Wedbush cut shares of Informatica to a "neutral" rating in a research note on Friday, February 14th. Finally, Baird R W cut shares of Informatica from a "strong-buy" rating to a "hold" rating in a research note on Friday, February 14th. Thirteen analysts have rated the stock with a hold rating and three have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $24.15.

About Informatica

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.