Strs Ohio Takes Position in Informatica Inc. (NYSE:INFA)

Strs Ohio purchased a new position in shares of Informatica Inc. (NYSE:INFA - Free Report) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 43,554 shares of the technology company's stock, valued at approximately $1,236,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Vontobel Holding Ltd. purchased a new stake in shares of Informatica during the 4th quarter worth approximately $1,152,000. Allspring Global Investments Holdings LLC purchased a new position in shares of Informatica during the fourth quarter worth about $46,000. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Informatica by 37.0% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 132,470 shares of the technology company's stock worth $3,761,000 after purchasing an additional 35,788 shares during the last quarter. Quent Capital LLC increased its position in shares of Informatica by 86.2% during the fourth quarter. Quent Capital LLC now owns 2,389 shares of the technology company's stock worth $68,000 after purchasing an additional 1,106 shares in the last quarter. Finally, Renaissance Capital LLC lifted its holdings in shares of Informatica by 26.8% in the 4th quarter. Renaissance Capital LLC now owns 27,153 shares of the technology company's stock valued at $771,000 after purchasing an additional 5,735 shares during the last quarter. 98.45% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on the stock. Guggenheim reiterated a "buy" rating and issued a $37.00 price target on shares of Informatica in a research report on Tuesday. Citigroup increased their target price on shares of Informatica from $28.00 to $33.00 and gave the stock a "neutral" rating in a research note on Monday, February 12th. UBS Group upped their price objective on Informatica from $27.00 to $37.00 and gave the company a "neutral" rating in a research note on Thursday, February 15th. Royal Bank of Canada reiterated an "outperform" rating and issued a $41.00 target price on shares of Informatica in a research note on Monday, April 15th. Finally, Wells Fargo & Company cut their price target on Informatica from $45.00 to $40.00 and set an "overweight" rating for the company in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, Informatica presently has an average rating of "Moderate Buy" and an average price target of $35.45.

Informatica Trading Down 0.3 %

NYSE INFA traded down $0.10 during mid-day trading on Tuesday, hitting $31.39. The company's stock had a trading volume of 2,935,425 shares, compared to its average volume of 1,803,627. The company has a debt-to-equity ratio of 0.82, a current ratio of 1.66 and a quick ratio of 1.66. Informatica Inc. has a 52-week low of $13.29 and a 52-week high of $39.80. The stock's fifty day simple moving average is $34.24 and its two-hundred day simple moving average is $28.92. The firm has a market capitalization of $9.26 billion, a P/E ratio of -68.24, a price-to-earnings-growth ratio of 7.49 and a beta of 1.08.

Informatica (NYSE:INFA - Get Free Report) last released its quarterly earnings data on Wednesday, February 14th. The technology company reported $0.17 EPS for the quarter, missing the consensus estimate of $0.18 by ($0.01). Informatica had a negative net margin of 7.85% and a positive return on equity of 4.29%. The company had revenue of $445.18 million during the quarter, compared to analysts' expectations of $431.51 million. Research analysts expect that Informatica Inc. will post 0.56 EPS for the current year.

Insider Buying and Selling

In related news, CAO Mark Pellowski sold 10,026 shares of the business's stock in a transaction dated Thursday, March 7th. The stock was sold at an average price of $32.04, for a total value of $321,233.04. Following the transaction, the chief accounting officer now owns 150,937 shares in the company, valued at $4,836,021.48. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, CAO Mark Pellowski sold 10,026 shares of Informatica stock in a transaction on Thursday, March 7th. The shares were sold at an average price of $32.04, for a total value of $321,233.04. Following the completion of the sale, the chief accounting officer now owns 150,937 shares in the company, valued at $4,836,021.48. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Amit Walia sold 85,996 shares of the stock in a transaction on Thursday, February 15th. The shares were sold at an average price of $34.14, for a total transaction of $2,935,903.44. Following the transaction, the chief executive officer now owns 2,537,995 shares in the company, valued at $86,647,149.30. The disclosure for this sale can be found here. Insiders have sold 243,600 shares of company stock valued at $8,259,201 in the last quarter. Company insiders own 53.90% 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.