40,494 Shares in Informatica Inc. (NYSE:INFA) Acquired by Occudo Quantitative Strategies LP

Occudo Quantitative Strategies LP acquired a new position in Informatica Inc. (NYSE:INFA - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 40,494 shares of the technology company's stock, valued at approximately $1,050,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Wells Fargo & Company MN boosted its holdings in Informatica by 15.0% during the 4th quarter. Wells Fargo & Company MN now owns 81,033 shares of the technology company's stock valued at $2,101,000 after acquiring an additional 10,553 shares during the period. Victory Capital Management Inc. raised its position 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 worth $534,000 after acquiring an additional 3,575 shares in the last quarter. Norges Bank acquired a new position in Informatica during the 4th quarter valued at about $25,265,000. KBC Group NV increased its position in Informatica by 69.4% during the 4th quarter. KBC Group NV now owns 3,235 shares of the technology company's stock valued at $84,000 after buying an additional 1,325 shares in the last quarter. Finally, Geode Capital Management LLC increased its position in Informatica by 24.4% during the 4th quarter. Geode Capital Management LLC now owns 1,508,989 shares of the technology company's stock valued at $39,140,000 after buying an additional 295,801 shares in the last quarter. Hedge funds and other institutional investors own 98.45% of the company's stock.

Informatica Stock Performance

INFA traded up $0.13 on Friday, hitting $19.70. 5,050,284 shares of the company traded hands, compared to its average volume of 2,145,793. The company has a 50 day moving average of $18.13 and a 200-day moving average of $22.38. The company has a quick ratio of 2.17, a current ratio of 2.17 and a debt-to-equity ratio of 0.75. The stock has a market capitalization of $5.96 billion, a PE ratio of 657.02, a PEG ratio of 4.44 and a beta of 1.04. Informatica Inc. has a 12-month low of $15.65 and a 12-month high of $31.65.

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

Insiders Place Their Bets

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

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Guggenheim reaffirmed a "buy" rating and set a $37.00 target price on shares of Informatica in a research report on Friday, January 31st. Bank of America downgraded Informatica from a "buy" rating to a "neutral" rating in a research note on Friday, February 14th. Scotiabank upped their target price on Informatica from $18.00 to $19.00 and gave the stock a "sector perform" rating in a research note on Thursday, May 8th. Deutsche Bank Aktiengesellschaft downgraded Informatica from a "buy" rating to a "hold" rating and set a $21.00 price target on the stock. in a research report on Friday, February 14th. Finally, Cantor Fitzgerald began coverage on Informatica in a research report on Friday, January 17th. They set a "neutral" rating and a $29.00 price target on the stock. Thirteen equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $23.69.

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.